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The Law Society has responded to HMRC’s consultation on the draft Mandatory disclosure regulations that would replace DAC 6 and require disclosure of certain arrangements to HMRC.

A House of Lords Library briefing paper summarises all stages in the Finance Bill’s progress through Parliament with details of all agreed amendments, together with the Lords’ Economic Affairs Finance Bill Sub-committee’s views on basis period reform and the new requirement for large businesses to notify uncertain tax treatments to HMRC.

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

HM Treasury has published a summary of responses outlining the feedback the government received on the call for input on the UK funds regime.

HMRC has updated its ‘Repaying a disguised remuneration loan to a third party’ policy paper to reflect updated guidance on whether the loan agreement is unenforceable.

HMRC has substantially updated its promoters of tax avoidance schemes (POTAS) guidance to reflect updates to the provisions introduced by

HM Revenue and Customs (HMRC) has published new guidance detailing the rates and thresholds for employers operating a payroll or providing expenses and benefits to their employees. These rates and allowances apply from 6 April 2022 to 5 April 2023.

The Chartered Institute of Taxation (CIOT) has responded to HMRC’s consultation on Mandatory Disclosure Rules (MDR) regime.

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

HMRC has announced that the interest rates for late payments will be revised. This follows from the Bank of England’s (BoE) Monetary Policy Committee vote on 2 February 2022 to increase the BoE interest rate from 0.25% to 0.50%.

HMRC has confirmed to the CIOT that the income tax self-assessment late-filing penalty waiver (no penalties for returns filed by 28 February 2022) will also apply for the reporting of overclaimed Covid-19 grants.

HMRC has published the latest versions of its employer guide to Class 1A National Insurance contributions on benefits in kind, termination payments and sporting testimonial payments (CWG5), and of its further guidance for employers on PAYE and National Insurance contributions (CWG2), the latter to be used from 6 April 2022.

HMRC has substantially updated its disclosure of tax avoidance schemes (DOTAS) guidance. New topics covered include HMRC’s powers, introduced in the

HMRC has updated its plastic packaging tax guidance on including components in the total weight of finished plastic packaging components manufactured in or imported to the UK in the accounting period.

The Chartered Institute of Taxation (CIOT) has shared an update from HMRC which provides further details on Notices to file income tax returns incorrectly issued to non-resident corporate landlords.

HMRC has published new guidance to provide information on how National Insurance contributions (NICs) will increase when the Health and Social Care Levy comes into effect in the UK on 6 April 2022.

HMRC has published new guidance for companies on providing evidence to support their Company Tax Return for claiming creative industry tax reliefs for Corporation Tax.

The UK government is to introduce a new tax to counter the risk of businesses taking assets for their own benefit at the expense of energy supply businesses which depend on those assets and which, as a result, become insolvent, with the associated costs of maintaining energy supply passing to the state.

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

The CIOT has published the latest HMRC Stakeholder Digest (26 January 2022) which provides a round-up of the latest news, including the late payment of voluntary Class 2 NICs and the delayed introduction of the new VAT penalty regime.