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HMRC gives taxpayers with offshore income and gains chance to correct tax affairs

HMRC is writing to UK residents named in the leaked Pandora Papers to give them the chance to correct their tax affairs.

13 Jun 2023 00:00 | Published by a Tolley Owner-Managed Businesses expert

National Audit Office Report: Progress with Making Tax Digital

The National Audit Office (NAO) has published a report, Progress with Making Tax Digital. The report considers progress to implement Making Tax Digital, and whether HMRC’s latest plans provide confidence that the programme will deliver value for money.

12 Jun 2023 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC manual changes: 12 June 2023

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

12 Jun 2023 00:00 | Published by a Tolley Corporation Tax expert

Spotlight 62: Dividend diversion scheme used to fund education fees

HMRC has published Spotlight 62 on tax avoidance schemes used by owner managed companies to fund education fees.

05 Jun 2023 00:00 | Published by a Tolley Owner-Managed Businesses expert

Tax transparency rules for crypto-asset transactions (DAC8)

The European Parliament has published a briefing on Tax transparency rules for cryptoasset transactions (DAC8).

01 Jun 2023 00:00 | Published by a Tolley Owner-Managed Businesses expert

Pension schemes newsletter 150 - May 2023

HMRC has published pension schemes newsletter 150.

31 May 2023 00:00 | Published by a Tolley Employment Tax expert

HMRC Stakeholder Digest: 25 May 2023

HMRC’s Stakeholder Digest (25 May 2023) provides a round-up of recent news and updates.

30 May 2023 00:00 | Published by a Tolley Owner-Managed Businesses expert

HMRC publishes new guidance on the Economic Crime Levy

HMRC has published two new guidance pages on the economic crime levy (ECL) - the annual charge on entities who are supervised under the Money Laundering Regulations and whose UK revenue exceeds £10·2 million per year.

26 May 2023 00:00 | Published by a Tolley Corporation Tax expert

Agent update: issue 108

HMRC has published Agent Update issue 108 (24 May 2023) providing a round-up of recent developments and changes to legislation and allowances relating to UK tax for tax agents and advisers.

25 May 2023 00:00 | Published by a Tolley Corporation Tax expert

Updated HMRC guidance: tax check for taxi, private hire or scrap metal licence applications

HMRC has updated its guidance on completing a tax check for renewing taxi, private hire or scrap metal licenses.

22 May 2023 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC manual changes: 22 May 2023

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

22 May 2023 00:00 | Published by a Tolley Corporation Tax expert

HMRC updates interest rates following Bank of England decision

HMRC is increasing the late payment rate of interest to 7%, and the repayment interest rate to 3.5% from 31 May 2023. Interest on quarterly instalment payments of corporation tax is also increased from 22 May 2023.

16 May 2023 00:00 | Published by a Tolley Corporation Tax expert

Retained EU law sunset clause abandoned

The Retained EU Law (Revocation and Reform) Bill will now not automatically remove remaining retained EU law and EU-derived secondary legislation on 31 December 2023.

16 May 2023 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC manual changes: 15 May 2023

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

15 May 2023 00:00 | Published by a Tolley Corporation Tax expert

CIOT and ATT response: Future financial services regulatory regime for cryptoassets

The CIOT and ATT have responded to the HM Treasury consultation on future financial services regulatory regime for cryptoassets.

15 May 2023 00:00 | Published by a Tolley Corporation Tax expert

Updated HMRC standard for agents

HMRC has updated its standard for agents.

12 May 2023 00:00 | Published by a Tolley Owner-Managed Businesses expert

HMRC Stakeholder Digest - 11 May 2023

HMRC’s Stakeholder Digest (11 May 2023) provides a round-up of recent news and updates.

12 May 2023 00:00 | Published by a Tolley Owner-Managed Businesses expert

Technical consultation: The Plastic Packaging Tax (General) (Amendment) Regulations 2023

HMRC has launched a technical consultation seeking views on draft regulations to amend the rules for claiming tax credits in certain circumstances in respect of Plastic Packaging Tax.

11 May 2023 00:00 | Published by a Tolley Owner-Managed Businesses expert

Updated HMRC tool for checking when HMRC will reply to a query

HMRC has updated its guidance on Check when you can expect a reply from HMRC.

11 May 2023 00:00 | Published by a Tolley Corporation Tax expert

OECD and IGF consultation on draft toolkits on base erosion and profit shifting (BEPS) in mining program

The OECD and the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development (IGF) invite public comments on draft toolkits to support developing countries in addressing transfer pricing risks when pricing minerals.

11 May 2023 00:00 | Published by a Tolley Corporation Tax expert

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