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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:

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.

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%.

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

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

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

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

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.

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

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

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.

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.

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.

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.

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.

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.

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.

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

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

HMRC has published the Company Losses Toolkit for 2021-22.