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HMRC guidance: CJRS and SEISS ended on 30 September

HMRC has updated its guidance on the Coronavirus Job Retention Scheme (CJRS) and Self-Employment Income Support Scheme (SEISS) to reflect the end of both schemes on 30 September 2021.

01 Oct 2021 00:00 | Published by a Tolley Employment Tax expert

Pension schemes newsletter 133: September 2021

HMRC has published pension schemes newsletter 133, which informs relevant stakeholders of the latest news and updates regarding pension schemes.

30 Sep 2021 00:00 | Published by a Tolley Employment Tax expert

Making Tax Digital Update for Agents: September 2021

The Chartered Institute of Taxation (CIOT) has published HMRC’s update for Agents for the month of September in relation to Making Tax Digital (MTD).

28 Sep 2021 00:00 | Published by a Tolley Owner-Managed Businesses expert

Delays to processing 2020-21 Self Assessment tax returns-SEISS grants

The Association of Taxation Technicians (ATT) has published HMRC’s update for its members from the Agent Forum held on 23 September 2021.

28 Sep 2021 00:00 | Published by a Tolley Employment Tax expert

Making flexible working the default

The Department for Business, Energy & Industrial Strategy has launched a consultation to seek views from individuals and businesses on proposals to reform flexible working regulations.

24 Sep 2021 00:00 | Published by a Tolley Employment Tax expert

Making Tax Digital for Income Tax delayed to April 2024

The Treasury has announced a 12-month delay to the introduction of Making Tax Digital for Income Tax, which will now be brought in for the 2024–25 tax year. Basis period reform is also to be moved back by 12 months.

23 Sep 2021 00:00 | Published by a Tolley Owner-Managed Businesses expert

CTJ publishes Senior President of Tribunals’ Annual Report 2021

The Courts and Tribunals Judiciary (CTJ) has published the Senior President of Tribunals’ 2021 Annual Report. This is Sir Keith Lindblom’s first report since taking the role in September 2020.

23 Sep 2021 00:00 | Published by a Tolley Corporation Tax expert

HMRC Guidance on identifying tax avoidance enabler penalties and when to appeal

HMRC has updated its guidance with new information about assessments, inspection powers, modifications and restrictions on power to publish information.

22 Sep 2021 00:00 | Published by a Tolley Corporation Tax expert

Consultation: Residential Property Developer Tax

HMRC has launched a consultation on the draft legislation for the Residential Property Developer Tax (RPDT) ahead of its inclusion in the 2021-22 Finance Bill.

20 Sep 2021 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC manual changes: 20 September 2021

20 September 2021 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

20 Sep 2021 00:00 | Published by a Tolley Corporation Tax expert

Tax gap remains low at 5.3%

HMRC has published the tax gap statistics showing that it was 5.3% for the tax year 2019-20.

17 Sep 2021 00:00 | Published by a Tolley Corporation Tax expert

CIOT comments: Finance Bill 2021-22 Draft legislation on Pensions

The Chartered Institute of Taxation (CIOT) has commented on the Finance Bill 2021-22 draft legislation on Pensions.

16 Sep 2021 00:00 | Published by a Tolley Owner-Managed Businesses expert

Agent Update: issue 88

HMRC has published Agent Update issue 88 (September 2021) providing a round-up of recent developments for tax agents and advisers.

16 Sep 2021 00:00 | Published by a Tolley Owner-Managed Businesses expert

OTS report on tax year end dates

The Office of Tax Simplification (OTS) has published a report setting out its analysis of the benefits, costs, and wider implications of a change to the date of the end of the tax year for individuals.

16 Sep 2021 00:00 | Published by a Tolley Owner-Managed Businesses expert

CIOT submission: Employee Ownership Trusts - Enhancement and anti-abuse measures, funding and other tax issues

The Chartered Institute of Taxation (CIOT) has made a proactive submission on issues that it considers exist in the current legislation on Employee Ownership Trusts (EOTs).

15 Sep 2021 00:00 | Published by a Tolley Corporation Tax expert

CIOT comments: Finance Bill 2021-22 draft legislation - Clamping down of promoters of tax avoidance

The Chartered Institute of Taxation (CIOT) has commented on the Finance Bill 2021-22 draft legislation on clamping down on promoters of tax avoidance.

15 Sep 2021 00:00 | Published by a Tolley Corporation Tax expert

CIOT comments: Finance Bill 2021-22 draft legislation and draft HMRC guidance - Notification of uncertain tax treatment by large businesses

The Chartered Institute of Taxation (CIOT) has commented on the draft Finance Bill 2021-22 legislation and HMRC guidance on notification of uncertain tax treatment by large businesses.

15 Sep 2021 00:00 | Published by a Tolley Corporation Tax expert

Updated HMC guidance on Statutory Sick Pay: how different employment types affect what you pay

HMRC has updated its guidance on Statutory Sick Pay (SSP) rules to include details on airmen and continental shelf workers.

13 Sep 2021 00:00 | Published by a Tolley Employment Tax expert

Further Treasury Direction made under Section 76 of the Coronavirus Act 2020

HM Treasury has made a further Treasury Direction setting out the functions of HMRC for payments under the coronavirus (COVID-19) support scheme for working households receiving tax credits.

13 Sep 2021 00:00 | Published by a Tolley Employment Tax expert

HMRC guidance on CWG2: further guide to PAYE and NICs updated

HMRC has updated CWG2: further guide to PAYE and National Insurance contributions in Section 4.5 which covers employees coming to or leaving the UK.

10 Sep 2021 00:00 | Published by a Tolley Personal Tax expert

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Ministers of religion

Ministers of religionMost ministers of religion or members of the clergy are either office-holders or employees and so their earnings are taxable under ITEPA 2003 as employment income and are subject to Class 1 National Insurance.For the purposes of the tax system, a minister does not have to belong

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

Payroll record keeping

Payroll record keepingUnder SI 2003/2682, reg 97, “...an employer must keep, for not less than 3 years after the end of the tax year to which they relate, all PAYE records which are not required to be sent to [HMRC]...”. Reasons for keeping the records include:•being able to calculate tax and

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Exemption ― overview ― items exempt from VAT in the UK

Exemption ― overview ― items exempt from VAT in the UKVAT exemption: list of supplies exempt from UK VATThe goods or services that are exempt from VAT are listed under various group headings within VATA 1994, Sch 9, Pt II.It is important to remember that not all supplies that come within a heading

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