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SI 2022/529 The Income Tax (Exemption of Social Security Benefits) Regulations 2022

These Regulations will exempt three new social security payments from income tax with retrospective effect from the date of their respective introductions.

12 May 2022 00:00 | Published by a Tolley Employment Tax expert

Senegal ratifies BEPS Multilateral instrument

Senegal has deposited its instrument of ratification for the BEPS Multilateral Instrument.

11 May 2022 00:00 | Published by a Tolley Owner-Managed Businesses expert

Queen's Speech 2022: highlights

Opening the 2022–23 Parliamentary session on 10 May 2022, the Queen's Speech set out the UK Government's legislative priorities including the following:

10 May 2022 00:00 | Published by a Tolley Corporation Tax expert

Calculating income for tax credit claims and renewals: pension lump sum

HMRC has updated its tax credits guidance to confirm that tax-free pension lump sums should not be included in income for the purposes of tax credits claims and renewals.

09 May 2022 00:00 | Published by a Tolley Owner-Managed Businesses expert

HMRC increases late-payment interest rates

HMRC has increased the interest rates for late payments of tax following the Bank of England’s decision on 5 May 2022 to increase the bank base rate from 0.75% to 1%.

09 May 2022 00:00 | Published by a Tolley Corporation Tax expert

GAAR Advisory Panel opinion on employee reward arrangements

The GAAR Advisory Panel has published an opinion on a director reward scheme using pension arrangements.

09 May 2022 00:00 | Published by a Tolley Owner-Managed Businesses expert

Weekly roundup of HMRC manual changes: 9 May 2022

9 May 2022 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

09 May 2022 00:00 | Published by a Tolley Corporation Tax expert

Proposals on how to reform of the UK Capital Allowances regime

The Government has issued a publication aiming to kickstart a conversation with businesses on reforming the UK’s capital allowances regime.

09 May 2022 00:00 | Published by a Tolley Corporation Tax expert

CIOT comments on construction industry scheme (CIS): landlord contributions to tenant works

The Chartered Institute of Taxation (CIOT) has published its comments on the HMRC’s Construction Industry Scheme (CIS): Landlord contributions to tenant works.

06 May 2022 00:00 | Published by a Tolley Corporation Tax expert

Recognised Stock Exchange (MICEX Stock Exchange) (Russia) Designation Revocation Order 2022

HMRC has published the Recognised Stock Exchange (MICEX Stock Exchange) (Russia) Designation Revocation Order 2022 alongside a response to the consultation on the draft order.

05 May 2022 00:00 | Published by a Tolley Owner-Managed Businesses expert

Weekly roundup of HMRC manual changes: 2 May 2022

2 May 2022 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

02 May 2022 00:00 | Published by a Tolley Corporation Tax expert

Pension schemes newsletter 138: April 2022

HMRC has published pension schemes newsletter 138, to update stakeholders on the latest news and updates regarding pension schemes.

29 Apr 2022 00:00 | Published by a Tolley Owner-Managed Businesses expert

SI 2022/493 The Major Sporting Events (Income Tax Exemption) (2022 Birmingham Commonwealth Games) Regulations 2022

These Regulations provide for an exemption from income tax on income earned in the UK by certain non-resident accredited individuals in connection with the 2022 Birmingham Commonwealth Games.

29 Apr 2022 00:00 | Published by a Tolley Owner-Managed Businesses expert

SI 2022/487 The Major Sporting Events (Income Tax Exemption) (Finalissima Football Match) Regulations 2022

These Regulations provide for an exemption from income tax on income earned from activities in the UK in connection with the Finalissima Football Match between Italy and Argentina which is due to be held in London in June.

28 Apr 2022 00:00 | Published by a Tolley Owner-Managed Businesses expert

HMRC Stakeholder Digest: 27 April 2022

HMRC’s Stakeholder Digest (27 April 2022) provides a round-up of the latest news and updates including information on the tax credit renewals, use of a new online service to report fraud and information on the International Tax Enforcement Summit which is to be held in May 2022.

28 Apr 2022 00:00 | Published by a Tolley Owner-Managed Businesses expert

SI 2022/489 The Major Sporting Events (Income Tax Exemption) (UEFA Women’s EURO 2022 Finals) Regulations 2022

These Regulations provide for an exemption from income tax on income earned from activities in the UK in connection with the UEFA Women’s Euro 2022 finals tournament which is due to be held in England in July.

28 Apr 2022 00:00 | Published by a Tolley Owner-Managed Businesses expert

SI 2022/464 The Securitisation Companies and Qualifying Transformer Vehicles (Exemption from Stamp Duties) Regulations 2022

These Regulations provide an exemption from stamp duty and stamp duty reserve tax (SDRT) for the transfer of certain types of loan notes issued as part of securitisation and insurance-linked securities (ILS) arrangements.

27 Apr 2022 00:00 | Published by a Tolley Corporation Tax expert

SI 2022/465 The Taxation of Securitisation Companies (Amendment) Regulations 2022

These regulations amend the Taxation of Securitisation Companies Regulations 2006, SI 2006/3296 (TSCR). The TSCR introduced new tax rules with effect from accounting periods beginning on or after 1 January 2007 for securitisation companies involved in the securitisation of financial assets.

27 Apr 2022 00:00 | Published by a Tolley Corporation Tax expert

SI 2022/474 The International Tax Compliance (Amendment) Regulations 2022

These Regulations amend the International Tax Compliance Regulations 2015, SI 2015/878 (the principal Regulations) to bring additional international exchange arrangements within scope. The principal Regulations apply to arrangements entered into by the UK by a given date. This date is periodically extended, this time to 20 April 2022.

27 Apr 2022 00:00 | Published by a Tolley Corporation Tax expert

FTT guidance - oral evidence from abroad

The First-tier Tribunal (FTT) has published guidance on taking oral evidence from abroad.

27 Apr 2022 00:00 | Published by a Tolley Corporation Tax expert

Popular Articles

Group relief for carried-forward losses

Group relief for carried-forward lossesThis guidance note examines in detail the relief available to groups for carried-forward losses. The scope excludes the treatment of specialist businesses such as banks, insurance companies and oil and gas companies.From 1 April 2017, companies can surrender

14 Jul 2020 11:50 | Produced by Tolley Read more Read more

Payment of tax due under self assessment

Payment of tax due under self assessmentNormal due dateIndividuals are usually required to pay any outstanding income tax, Class 2 and Class 4 national insurance, and capital gains tax due for the tax year by 31 January following the end of the tax year (ie 31 January 2025 for the 2023/24 tax year).

14 Jul 2020 12:52 | Produced by Tolley Read more Read more

Tax implications of administration and liquidation

Tax implications of administration and liquidationThis guidance considers the tax implications of a company going into administration or liquidation.Introduction to company administration and liquidationCompany going into administrationA company which is in financial difficulty may go into

14 Jul 2020 15:29 | Produced by Tolley Read more Read more