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Updated HMRC guidance on registering for plastic packaging tax

HMRC has updated its guidance on registering for plastic packaging tax (PPT) to provide additional information for importers of plastic packaging and examples to illustrate when plastic packaging components are finished.

06 Mar 2022 18:30 | Published by a Tolley Owner-Managed Businesses expert

Updated HMRC guidance on plastic packaging tax

HMRC has updated its plastic packaging tax (PPT) guidance to add more information in relation to registering for PPT as a group of companies, and how recovered material is reprocessed from pre-consumer plastic.

04 Mar 2022 00:00 | Published by a Tolley Owner-Managed Businesses expert

Subsidy Control Bill progresses through Parliament

The Subsidy Control Bill 2022, which will introduce a regime in the UK to replace the EU state aid rules, is currently passing through the House of Lords.

04 Mar 2022 00:00 | Published by a Tolley Corporation Tax expert

Economic Crime (Transparency and Enforcement) Bill 2022

The Treasury has published two factsheets which explain two parts of the Economic Crime (Transparency and Enforcement) Bill 2022.

04 Mar 2022 00:00 | Published by a Tolley Corporation Tax expert

Bahrain and Romania ratify BEPS Multilateral instrument

Bahrain and Romania have deposited their instruments of approval or ratification with the OECD for the BEPS Multilateral Convention.

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

National Insurance Contributions Bill progressing through Parliament

The National Insurance Contributions Bill is in the final stages of progressing through Parliament. On 1 March 2022, the House of Commons considered the House of Lords’ amendments, rejecting those proposed by the opposition parties that had been accepted by the House of Lords.

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

Regulations laid to designate Freeport Tax Sites in East Midlands, Liverpool City Region and Solent Freeports

Following the publication of maps by HMRC to delineate sites within each of the East Midlands, the Liverpool City and the Solent Freeports, three Regulations have been laid to designate those sites as Freeport Tax Sites from 22 March 2022.

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

OTS evaluation paper on the High Income Child Benefit Charge

The OTS has published an evaluation update paper on the High Income Child Benefit Charge (HICBC) and its wider implications. The note considers the operation and collection of the HICBC, including how child benefit is claimed and how this relates to the HICBC and other matters, such as national insurance credits and the provision of National Insurance numbers.

02 Mar 2022 00:00 | Published by a Tolley Owner-Managed Businesses expert

ATT warns property buyers beware of possible increase in costs and complexity

The ATT has responded to HMRC’s consultation on stamp duty land tax (SDLT) on mixed-property purchases and Multiple Dwellings Relief (MDR). The ATT is supportive of HMRC’s plan to crack down on SDLT tax avoidance when people buy residential property, but is concerned that HMRC’s proposals to tackle one aspect of the problem will add uncertainty for the purchaser about final purchase cost, complexity that affects both sellers and buyers and could delay the buying process - as well as resulting in increased SDLT bills.

02 Mar 2022 00:00 | Published by a Tolley Owner-Managed Businesses expert

Consultation on Online Sales Tax

HMRC has launched a consultation to gather evidence and inform government policy on the proposal for an online sales tax (OST) as a means to rebalance the taxation of the retail sector between online and in-store retail. The consultation will run from 25 February to 20 May 2022.

28 Feb 2022 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC manual changes: 28 February 2022

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

28 Feb 2022 00:00 | Published by a Tolley Corporation Tax expert

Pension schemes newsletter 137: February 2022

HMRC has published pension schemes newsletter 137, to update stakeholders on the latest news and updates regarding pension schemes.

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

HMRC guidance: Check if you can claim National Insurance relief in Freeport tax sites

HMRC has published new guidance on claiming relief from employer Class 1 National Insurance contributions (NICs) when taxpayers employ someone in a Freeport tax site.

28 Feb 2022 00:00 | Published by a Tolley Employment Tax expert

Updated plastic packaging tax guidance: packaging components already filled with goods

HMRC has updated its guidance on the import of plastic packaging components to clarify the treatment of packaging which is already filled with goods.

25 Feb 2022 00:00 | Published by a Tolley Owner-Managed Businesses expert

HMRC Stakeholder Digest: 24 February 2022

HMRC’s latest Stakeholder Digest (24 February 2022) provides a round-up of the latest news, including notifying HMRC of uncertain tax treatments, the end of the Statutory Sick Pay Rebate Scheme, reporting Covid-19 support payments in the company tax return and a final self-assessment tax return reminder.

25 Feb 2022 00:00 | Published by a Tolley Corporation Tax expert

OTS evaluation papers

The Office of Tax Simplification has published new papers on: the role of agents and other intermediaries, the operation of the PAYE system, and the scope of its forthcoming reviews of property income and general approach to simplification.

25 Feb 2022 00:00 | Published by a Tolley Corporation Tax expert

Updated HMRC guidance: Statutory Sick Pay Rebate Scheme

HMRC has updated its guidance to confirm that the Coronavirus Statutory Sick Pay Rebate Scheme closes for coronavirus related absences after 17 March 2022.

24 Feb 2022 00:00 | Published by a Tolley Employment Tax expert

Finance Act 2022 receives Royal Assent

Finance Act 2022

24 Feb 2022 00:00 | Published by a Tolley Corporation Tax expert

Company cars: advisory fuel rates from 1 March 2022

HMRC has published revised advisory fuel rates for company cars which apply from 1 March 2022.

23 Feb 2022 00:00 | Published by a Tolley Corporation Tax expert

CIOT response: umbrella company market call for evidence

The Chartered Institute of Taxation (CIOT) has responded to HM Treasury’s call for evidence on the role that umbrella companies play in the labour market, and how they interact with the tax system.

23 Feb 2022 00:00 | Published by a Tolley Employment Tax expert

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Taxation of dividend income

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Non-trading deficits on loan relationships

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Fuel-related payments / mileage payments

Fuel-related payments / mileage paymentsIntroductionMost employers will make payments to employees in relation to business travel. Among the most common payments in relation to business travel are fuel and mileage payments. If an employer does not reimburse these amounts, then the employee will be

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