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Tolley works hard to bring you the most up-to-date tax news straight to your inbox. In a dynamic industry it’s important to know when things change. With Tolley’s Tax News you can always be informed giving your clients the most comprehensive information available.

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HMRC publishes new guidance on Off-payroll working

HMRC has published multiple new guidance notes on Off-payroll working for intermediaries, contractors and clients.

07 Mar 2023 00:00 | Published by a Tolley Corporation Tax expert

Spring Finance Bill 2023 to be published on 23 March 2023

The UK government intends to publish the Spring Finance Bill 2023 on 23 March 2023.

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

Updated HMRC guidance: Non-resident trusts

HMRC has updated its guidance to provide information on how to get a paper form to report Capital Gains Tax on UK property or land.

06 Mar 2023 00:00 | Published by a Tolley Personal Tax expert

Preparing for the Economic Crime Levy

HMRC has published a policy paper to help relevant entities understand how the Economic Crime Levy (ECL) will work and how they will be affected.

02 Mar 2023 00:00 | Published by a Tolley Corporation Tax expert

SI 2023/237 The Tax Credits, Child Benefit and Guardian’s Allowance Up-rating Regulations 2023

These Regulations increase the annual rates of Working Tax Credit and Child Tax Credit from 6 April 2023, and the weekly rate of Child Benefit and Guardian’s Allowance from 10 April 2023.

02 Mar 2023 00:00 | Published by a Tolley Employment Tax expert

SI 2023/236 The Social Security (Contributions) (Rates, Limits and Thresholds Amendments and National Insurance Funds Payments) Regulations 2023

These Regulations increase the flat-rate weekly amounts of Class 2 and Class 3 National Insurance contributions from 6 April 2023, and confirm that Class 1 earnings limits and thresholds are unchanged.

02 Mar 2023 00:00 | Published by a Tolley Employment Tax expert

SI 2023/216 The Taxes (Interest Rate) (Amendment) Regulations 2023

This instrument increases the official rate of interest applicable under FA 1989, s 178 from 6 April 2023.

01 Mar 2023 00:00 | Published by a Tolley Employment Tax expert

Updated HMRC guidance on Share schemes

HMRC has updated various guidance notes on Employment related share schemes.

01 Mar 2023 00:00 | Published by a Tolley Employment Tax expert

SI 2023/221 The Income and Corporation Taxes (Electronic Communications) (Amendment) Regulations 2023

This instrument amends regulations which stipulate the information HMRC may deliver to taxpayers electronically.

01 Mar 2023 00:00 | Published by a Tolley Personal Tax expert

Pension schemes newsletter 147: February 2023

HMRC has published pension schemes newsletter 147.

28 Feb 2023 00:00 | Published by a Tolley Employment Tax expert

Self-assessment late-payment penalty reminder

The first late-payment penalty for income tax due by the 31 January 2023 self-assessment deadline will be levied on amounts of tax still outstanding on 3 March.

28 Feb 2023 00:00 | Published by a Tolley Owner-Managed Businesses expert

Weekly roundup of HMRC manual changes: 27 February 2023

27 February 2023 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

27 Feb 2023 00:00 | Published by a Tolley Corporation Tax expert

HMRC Stakeholder Digest: 23 February 2023

HMRC’s Stakeholder Digest (23 February 2023) provides a round-up of recent news and updates.

27 Feb 2023 00:00 | Published by a Tolley Corporation Tax expert

Stamp Taxes Newsletter: February 2023

HMRC has released its Stamp Taxes Newsletter for February 2023

27 Feb 2023 00:00 | Published by a Tolley Corporation Tax expert

Exemption for Postmaster compensation payments

Regulations have been laid to exempt certain compensation payments to Postmasters from tax.

24 Feb 2023 00:00 | Published by a Tolley Employment Tax expert

SI 2023/179 The Tax Credits and Child Benefit (Miscellaneous Amendments) Regulations 2023

These Regulations amend a number of statutory instruments in relation to tax credits and child benefit.

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

Company cars: advisory fuel rates from 1 March 2023

HMRC has published revised advisory fuel rates for company cars which will apply from 1 March 2023.

23 Feb 2023 00:00 | Published by a Tolley Corporation Tax expert

HMRC guidance: Employer guides for PAYE and national insurance contributions

HMRC has published the latest version of its guidance for employers on PAYE and National Insurance contributions (CWG2), to be used from 6 April 2023.

21 Feb 2023 00:00 | Published by a Tolley Employment Tax expert

UK to proceed with beneficial ownership registers

The UK government has confirmed its intention to press ahead with the various registers of company ownership, on the basis that the UK registers adhere to the privacy requirements of the European Convention on Human Rights.

17 Feb 2023 00:00 | Published by a Tolley Corporation Tax expert

Employer Bulletin: February 2023

HMRC has published its bi-monthly magazine providing the latest information on payroll-related topics for employers and agents.

16 Feb 2023 00:00 | Published by a Tolley Employment Tax expert

Popular Articles

First year allowances

First year allowancesFirst year allowances (FYAs) are available on the following items:•first-year relief on qualifying new main rate plant and machinery (at 100%, which is described by HMRC as ‘full expensing’) and special rate assets (at 50%) from 1 April 2023 (companies only). These FYAs were

14 Jul 2020 11:41 | Produced by Tolley Read more Read more

Interest and penalties on late paid tax under self assessment

Interest and penalties on late paid tax under self assessmentInterestIf the capital gains tax, the balancing payment or payments on account of tax and / or Class 4 national insurance contributions (NIC) are paid late, HMRC will charge interest on the amount overdue from the original due date. The

14 Jul 2020 12:00 | Produced by Tolley Read more Read more

Exemption ― insurance ― overview

Exemption ― insurance ― overviewThis guidance note provides an overview of the VAT treatment of insurance products and should be read in conjunction with the Insurance ― specific transactions and Exemption ― insurance ― brokers and agents guidance notes.Is insurance exempt from VAT?Supplies of

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