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Finance Bill 2022: Report Stage set for 2 February

Finance Bill 2022 will be considered at Report Stage in the House of Commons on 2 February 2022. The government has proposed a number of amendments which are expected to be approved at this final stage for changes.

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

Weekly roundup of HMRC manual changes: 24 January 2022

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

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

Law Society response: Corporate re-domiciliation consultation

The Law Society jointly with the City of London Law Society has responded to HMRC’s consultation on the introduction of a UK re-domiciliation regime to support companies seeking to relocate to the UK.

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

Agent Update: issue 92

HMRC has published Agent Update issue 92 (January 2022) providing a round-up of recent developments for tax agents and advisers.

20 Jan 2022 00:00 | Published by a Tolley Corporation Tax expert

Call for evidence: Income Tax Self Assessment registration for the self-employed and landlords

HMRC has extended the closing date for submitting responses to the call for evidence.

20 Jan 2022 00:00 | Published by a Tolley Owner-Managed Businesses expert

Technical consultation: Uncertain Tax Treatment guidance

HMRC has launched a technical consultation seeking views on the technical guidance for the government’s new policy on the requirement for large business to notify HMRC when they take an uncertain tax position.

18 Jan 2022 00:00 | Published by a Tolley Corporation Tax expert

CIOT response to Corporate Re-domiciliation consultation

The Chartered Institute of Taxation (CIOT) has responded to the BEIS, HMT and HMRC consultation on Corporate Re-domiciliation.

17 Jan 2022 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC manual changes: 17 January 2022

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

17 Jan 2022 00:00 | Published by a Tolley Corporation Tax expert

Pension schemes newsletter 136: January 2022

HMRC has published pension schemes newsletter 136, to update relevant stakeholders of the latest news and updates regarding pension schemes.

17 Jan 2022 00:00 | Published by a Tolley Employment Tax expert

Capital allowances for structures and buildings agent toolkit

HMRC has published a new toolkit to provide guidance on the commonly found errors in relation to capital allowances for structures and buildings.

13 Jan 2022 00:00 | Published by a Tolley Owner-Managed Businesses expert

Welsh Revenue Authority guidance on tax avoidance and evasion

The Welsh Revenue Authority has issued new guidance summarising its approach to dealing with tax avoidance and evasion, including its powers to issue penalties in relation to the devolved taxes.

13 Jan 2022 00:00 | Published by a Tolley Corporation Tax expert

Finance Bill 2022 completes Public Bill Committee stage

The Public Bill Committee has completed its work on Finance Bill 2022 and the Bill has been reported with amendments to the House.

13 Jan 2022 00:00 | Published by a Tolley Corporation Tax expert

Updated HMRC guidance on Self-Employment Income Support Scheme (SEISS)

HMRC has updated its guidance on the Self-Employment Income Support Scheme (SEISS) to ask self-employed individuals and members of partnerships who were unable to make a claim due to HMRC error to contact HMRC by 28 February 2022.

12 Jan 2022 00:00 | Published by a Tolley Corporation Tax expert

HMRC reminds businesses to declare COVID-19 grants on tax returns

HMRC is urging tax agents and accountants to remind their clients that COVID-19 support grants or payments are taxable and should be declared on their company tax returns.

12 Jan 2022 00:00 | Published by a Tolley Corporation Tax expert

UK launches consultation on domestic implementation of global minimum tax for large multinational groups

HMRC has launched a consultation seeking views on domestic implementation of the OECD Pillar Two rules for a worldwide 15% minimum corporation tax rate for large multinational groups.

12 Jan 2022 00:00 | Published by a Tolley Corporation Tax expert

HMRC Stakeholder Digest: 6 January 2022

The CIOT has published the latest HMRC Stakeholder Digest (6 January 2022) which provides a round-up of the latest news and updates.

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

Weekly roundup of HMRC manual changes: 10 January 2022

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

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

Potential date for Spring Statement 2022

The Chancellor of the Exchequer has commissioned the Office for Budget Responsibility to produce an economic and fiscal forecast for Wednesday 23 March 2022.

07 Jan 2022 00:00 | Published by a Tolley Corporation Tax expert

HMRC Stakeholder Digest: 22 December 2021

The CIOT has published the latest HMRC Stakeholder Digest (22 December 2021) which provides a round-up of the latest news and updates.

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

Statutory Sick Pay: SI 2022/5 and SI 2022/9

SI 2022/5 The Statutory Sick Pay (Coronavirus) (Funding of Employers’ Liabilities) Regulations 2022 and SI 2022/9 The Statutory Sick Pay (Coronavirus) (Funding of Employers’ Liabilities) (Northern Ireland) Regulations 2022 provide for the reintroduction the Coronavirus Statutory Sick Pay Rebate Scheme (SSPRS) from 21 December 2021.

06 Jan 2022 00:00 | Published by a Tolley Employment Tax expert

Popular Articles

Exporting goods ― proof of export

Exporting goods ― proof of exportIn addition to the requirements laid down in the Exporting goods ― overview guidance note, businesses intending to zero-rate exported goods must hold satisfactory evidence that the goods have been delivered to a destination outside of the UK. If satisfactory evidence

15 Dec 2020 14:02 | Produced by Tolley Read more Read more

Allowable deductions for employee-related expenses

Allowable deductions for employee-related expensesThis guidance note covers the tax treatment of some common types of trading expenditure relating to employees. Some of these are disallowable under general principles, for example the wholly and exclusively test or capital versus revenue expenditure.

14 Sep 2022 09:49 | Produced by Tolley Read more Read more

Tax on UK resident beneficiaries of non-resident trusts ― overview

Tax on UK resident beneficiaries of non-resident trusts ― overviewIntroductionUK resident beneficiaries of non-resident trusts are subject to UK tax on payments or benefits received from the trust. They are liable for income tax on income distributions from the trust and they may also be liable to

14 Jul 2020 13:47 | Produced by Tolley Read more Read more