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The ATT have shared an update from HMRC that an online tool will be launched on 29 August 2023 allowing businesses, the self-employed and their agents to request details of overlap profits where that data is held by HMRC.

The CIOT has responded to the HMRC consultation on The Tax Administration Framework Review: information and data.

In the Treasury minutes published on 17 July 2023, the government has responded, among other things, to the Public Accounts Committee (PAC) report from session 2022-23 on managing tax compliance following the COVID-19 pandemic.

Hot on the heels of

The CIOT has responded to HMRC鈥檚 consultation on 鈥楾he Tax Administration Framework Review: Creating innovative change through new legislative pilots鈥� which considers an option to test new policies or processes by making them available in a temporary online environment to a discrete group of taxpayers.

17 July 2023 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

South Yorkshire has been named as the UK鈥檚 first Investment Zone focused on Advanced manufacturing.

These Regulations exempt certain top-up payments made under the Post Office Limited鈥檚 Horizon Shortfall Scheme (HSS) from income tax, capital gains tax and Class 1 NICs.

10 July 2023 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

Finance (No 2) Act 2023

These regulations extend the deadline for paying voluntary National Insurance Contributions (NICs) for tax years between 6 April 2006 and 5 April 2018 to 5 April 2025.

This Order amends article 2(1) of the International Organisations (Tax Exemptions Designation) Order, SI 2023/348 (鈥渢he principal Order鈥�).

The CIOT has responded to the House of Commons Public Accounts Committee (PAC) inquiry into Progress with Making Tax Digital.

HMRC has published a new guidance page on how to submit a return for the Economic Crime Levy.

3 July 2023 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

HMRC is increasing the late-payment interest rate to 7.50% and the repayment rate to 4% from 11 July 2023. Interest on quarterly instalment payments of corporation tax is also increased from 3 July 2023.

The CIOT has published its response to HMRC鈥檚 consultation on Stamp Taxes on Shares modernisation.

HMRC has published pension schemes newsletter 151 (June 2023). In particular, the newsletter confirms that following the Spring Budget 2023 announcement that the lifetime allowance charge would be removed from 6 April 2023 and fully abolished from the 2024 to 2025 tax year, the government has amended the Finance (No. 2) Bill to make clear that any amount of a stand-alone lump sum in excess of the 5 April 2023 maximum may still be paid to the member as a stand-alone lump sum, with the excess being subject to the member鈥檚 marginal rate of Income Tax. The newsletter also provides further information on the rules that apply to the taxation of stand-alone lump sum payments and how they should be reported.

The Treasury has announced that the Government will publish draft clauses for the next Finance Bill on 18 July 2023.

26 June 2023 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.