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HMRC response: Dealing with promoters of tax avoidance

HMRC has responded to the CIOT’s comments on the draft Finance Bill 2023-24 legislation on ‘Dealing with promoters of tax avoidance’.

03 Nov 2023 00:00 | Published by a Tolley Corporation Tax expert

Scottish Budget expected on 19 December 2023

Scottish government ministers have announced that the Scottish Budget will be presented to Parliament on 19 December 2023.

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

New HMRC guidance for agents on repayment claims

HMRC has published new basic guidelines on revised procedural requirements for tax agents claiming certain repayments of tax (in nominee capacity) from February 2024.

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

HMT publishes consultation outcomes on cryptoassets and an update on the regulation of fiat-backed stablecoins

HM Treasury (HMT) has published the government’s response to its February 2023 consultation on a future financial services regulatory regime for cryptoassets. The government has confirmed its final proposals for cryptoasset regulation in the UK, including its intention to bring a number of cryptoasset activities into the regulatory perimeter for financial services for the first time. HMT has also published the government’s response to its consultation on managing the failure of systemic digital settlement asset (including stablecoin) firms by applying a modified Financial Market Infrastructure Special Administration Regime (FMI SAR) to such firms, and an update on the government’s policy concerning the regulation of fiat-backed stablecoins.

31 Oct 2023 00:00 | Published by a Tolley Corporation Tax expert

CIOT response: Draft Finance Bill 2023-24

The CIOT has responded to the House of Lords Economic Affairs Finance Bill Sub-Committee call for evidence on four areas covered by the draft legislation for the next Finance Bill.

31 Oct 2023 00:00 | Published by a Tolley Corporation Tax expert

Weekly Roundup HMRC Manuals: 30 October 2023

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

30 Oct 2023 00:00 | Published by a Tolley Corporation Tax expert

Economic Crime and Corporate Transparency Act 2023

The Economic Crime and Corporate Transparency Act 2023 has received Royal Assent.

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

Pension schemes newsletter 153 — October 2023

HMRC has published pension schemes newsletter 153.

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

Weekly Roundup HMRC Manuals: 23 October 2023

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

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

Updated HMRC form CA8421 (Application for certificate of confirmation of payment of UK NIC when working in 2 or more countries)

HMRC have amended the online form

23 Oct 2023 00:00 | Published by a Tolley Personal Tax expert

Double taxation treaty passport scheme – revised T&Cs and guidance

HMRC has updated its terms and conditions and guidance for the double taxation treaty passport scheme.

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

Agent update: issue 113

HMRC has published Agent Update issue 113 (18 October 2023) providing a round-up of recent developments and changes to legislation and allowances relating to UK tax for tax agents and advisers.

19 Oct 2023 00:00 | Published by a Tolley Corporation Tax expert

CIOT update on HMRC’s position on certain remittances

Representatives from the CIOT have met HMRC to discuss the issue of remittances of loan monies secured against collateral representing foreign income or gains.

17 Oct 2023 00:00 | Published by a Tolley Personal Tax expert

HMRC: fractional shares cannot be held in ISAs

HMRC has confirmed its interpretation that only whole shares (rather than fractions of shares) can be held in an ISA.

17 Oct 2023 00:00 | Published by a Tolley Personal Tax expert

Weekly Roundup HMRC Manuals: 16 October 2023

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

16 Oct 2023 00:00 | Published by a Tolley Corporation Tax expert

CIOT Autumn Statement 2023 representation: Cryptoassets and their treatment for tax purposes

The CIOT has made an Autumn Statement 2023 representation on Cryptoassets and their treatment for tax purposes.

13 Oct 2023 00:00 | Published by a Tolley Corporation Tax expert

Weekly Roundup HMRC Manuals: 9 October 2023

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

09 Oct 2023 00:00 | Published by a Tolley Corporation Tax expert

New HMRC guidance on public service pensions remedy

HMRC has published new guidance for agents and individuals on the McCloud public service pensions remedy.

06 Oct 2023 00:00 | Published by a Tolley Employment Tax expert

HMRC Directions: electronic format for pensions remedy ‘specified information’

HMRC has formally authorised the online submission of information setting out how an individual’s tax position has changed as a result of the public service pension schemes remedy.

05 Oct 2023 00:00 | Published by a Tolley Employment Tax expert

Land and Buildings Transaction Tax (Green Freeports Relief) (Scotland) Order, SSI 2023/280

This Order provides for relief from land and buildings transaction tax in designated Scottish green freeport tax sites.

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

Popular Articles

Reverse charge ― buying in services from outside the UK

Reverse charge ― buying in services from outside the UKThis guidance note covers the reverse charge that applies to services that have been bought in from outside the UK. For an overview of VAT and international services more broadly, see the International services ― overview guidance note. For

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

Loans written off

Loans written offCompanies sometimes provide directors, employees or shareholders with low interest or interest-free loans either as part of the reward package or on special occasions to help the individual meet significant expenditure. The employment income implications of these loans are discussed

14 Jul 2020 12:11 | Produced by Tolley Read more Read more

Maintenance payments

Maintenance paymentsMaintenance payments are payments made by a taxpayer to their former or separated spouse / civil partner for the maintenance of that person or their children. To obtain any tax relief for maintenance payments, one of the couple must have been born before 5 April 1935 and the

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