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Treasury Committee issues report on Tax Simplification

The House of Commons Treasury Committee has published a report on Tax Simplification with several recommendations for government.

20 Jun 2023 00:00 | Published by a Tolley Corporation Tax expert

New COP9 and updated HMRC guidance on using the Contractual Disclosure Facility

HMRC has published a new COP9 Code of Practice and updated its guidance on what happens if the offer of using the Contractual Disclosure Facility is accepted.

15 Jun 2023 00:00 | Published by a Tolley Personal Tax expert

Agent Update: issue 109

HMRC has published Agent Update issue 109 (14 June 2023) providing a round-up of recent developments and changes to legislation and allowances relating to UK tax for tax agents and advisers.

15 Jun 2023 00:00 | Published by a Tolley Corporation Tax expert

Government proposes further Finance (No 2) Bill amendments for Report Stage

The Chancellor has put forward several amendments, including two new clauses, which will be considered in the House of Commons at Report Stage on 20 June 2023 (rescheduled from the original 19 June date).

14 Jun 2023 00:00 | Published by a Tolley Corporation Tax expert

Updated HMRC standard for agents

HMRC has updated its standard for agents to clarify the legal position on assignments of income tax repayments received after 15 March 2023.

13 Jun 2023 00:00 | Published by a Tolley Owner-Managed Businesses expert

Deadline for voluntary National Insurance contributions extended to April 2025

The government has further extended the voluntary National Insurance (NI) contribution deadline to 5 April 2025 to give taxpayers more time to fill gaps in their NI record and help increase the amount they receive in State Pension.

13 Jun 2023 00:00 | Published by a Tolley Employment Tax expert

National Audit Office Report: Progress with Making Tax Digital

The National Audit Office (NAO) has published a report, Progress with Making Tax Digital. The report considers progress to implement Making Tax Digital, and whether HMRC’s latest plans provide confidence that the programme will deliver value for money.

12 Jun 2023 00:00 | Published by a Tolley Corporation Tax expert

HMRC Stakeholder Digest - 8 June 2023

HMRC’s Stakeholder Digest (8 June 2023) provides a round-up of recent news and updates

09 Jun 2023 00:00 | Published by a Tolley Personal Tax expert

CIOT and ATT response: Simplifying and modernising HMRC’s income tax services through the tax administration framework

The CIOT and ATT have responded to the HMRC consultation: ‘Simplifying and modernising HMRC’s income tax services through the tax administration framework’.

08 Jun 2023 00:00 | Published by a Tolley Employment Tax expert

CIOT response: Expanding the cash basis for the self-employed

The CIOT has responded to the HMRC consultation on Expanding the cash basis for the self-employed.

07 Jun 2023 00:00 | Published by a Tolley Employment Tax expert

Charities newsletter 1: June 2023

HMRC has published Charities Newsletter 1 which is a new publication to keep the charities sector informed about relevant updates.

06 Jun 2023 00:00 | Published by a Tolley Corporation Tax expert

HMRC calls for evidence on Non-discretionary tax advantaged share schemes

HMRC has launched a consultation to seek views and gather evidence on the current usage of the Save As You Earn (SAYE) and Share Incentive Plan (SIP) employee share schemes and whether they are effective in achieving their stated policy objectives. The deadline for response is 5 pm on 25 August 2023.

05 Jun 2023 00:00 | Published by a Tolley Corporation Tax expert

Spotlight 62: Dividend diversion scheme used to fund education fees

HMRC has published Spotlight 62 on tax avoidance schemes used by owner managed companies to fund education fees.

05 Jun 2023 00:00 | Published by a Tolley Owner-Managed Businesses expert

Tax transparency rules for crypto-asset transactions (DAC8)

The European Parliament has published a briefing on Tax transparency rules for cryptoasset transactions (DAC8).

01 Jun 2023 00:00 | Published by a Tolley Owner-Managed Businesses expert

Pension schemes newsletter 150 - May 2023

HMRC has published pension schemes newsletter 150.

31 May 2023 00:00 | Published by a Tolley Employment Tax expert

HMRC Stakeholder Digest: 25 May 2023

HMRC’s Stakeholder Digest (25 May 2023) provides a round-up of recent news and updates.

30 May 2023 00:00 | Published by a Tolley Owner-Managed Businesses expert

SI 2023/570 The Income Tax (Accommodation Allowances of Armed Forces) Regulations 2023

These regulations ensure that payments made by the Ministry of Defence to service personnel under the 2022 Contribution in Lieu of Council Tax (“CILOCTâ€) Rebate Scheme are exempt from income tax.

26 May 2023 00:00 | Published by a Tolley Employment Tax expert

Agent update: issue 108

HMRC has published Agent Update issue 108 (24 May 2023) providing a round-up of recent developments and changes to legislation and allowances relating to UK tax for tax agents and advisers.

25 May 2023 00:00 | Published by a Tolley Corporation Tax expert

Crown Dependencies announce agreed approach to pillar two framework

On 19 May 2023, Guernsey, Jersey and the Isle of Man made a joint statement on their intentions in respect of the global initiative to set a minimum effective tax rate for the world's largest multinational enterprises.

24 May 2023 00:00 | Published by a Tolley Corporation Tax expert

Technical consultation: The Public Service Pension Schemes (Rectification of Unlawful Discrimination) (Tax) (No. 2) Regulations 2023

HMRC has launched a technical consultation seeking views on draft tax regulations which set out changes to how pensions tax rules will apply as a result of the public service pensions remedy.

23 May 2023 00:00 | Published by a Tolley Employment Tax expert

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