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Pension schemes newsletter 132 — August 2021

HMRC has published pension schemes newsletter 132, which informs relevant stakeholders of the latest news and updates regarding pension schemes.

27 Aug 2021 00:00 | Published by a Tolley Personal Tax expert

CC/FS60: Compliance checks: financial institution notice

HMRC has published a new factsheet on information and documents that a financial institution will need to provide to HMRC if they receive a financial institution notice (FIN).

27 Aug 2021 00:00 | Published by a Tolley Owner-Managed Businesses expert

Company cars: advisory fuel rates from 1 September 2021

HMRC has published revised advisory fuel rates for company cars which apply from 1 September 2021.

25 Aug 2021 00:00 | Published by a Tolley Employment Tax expert

Weekly roundup of HMRC manual changes – 23 August 2021

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

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

SEISS API problem

The Chartered Institute of Taxation (CIOT) has reported a problem with HMRC’s software that is causing incorrect SEISS figures to be included in the self-assessment tax return.

23 Aug 2021 00:00 | Published by a Tolley Employment Tax expert

Agent update: issue 87

HMRC has published Agent Update issue 87 (August 2021) providing a round-up of recent developments for tax agents and advisers.

19 Aug 2021 00:00 | Published by a Tolley Corporation Tax expert

Digital tax reform: professional bodies urge caution

The CIOT, ATT and other professional bodies have urged the UK government to reconsider the timetable for basis period reform alongside other changes in the move towards a digital tax system.

19 Aug 2021 00:00 | Published by a Tolley Employment Tax expert

HMRC publishes managing pension schemes service newsletter for August 2021

HMRC has published its managing pension schemes service newsletter for August 2021. The newsletter is designed to update stakeholders on the latest news for pension schemes.

17 Aug 2021 00:00 | Published by a Tolley Personal Tax expert

Weekly roundup of HMRC manual changes: 16 August 2021

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

16 Aug 2021 00:00 | Published by a Tolley Corporation Tax expert

Barbados joins OECD's two-pillar plan

Barbados has joined the two-pillar plan to reform the international taxation rules to ensure that multinational enterprises pay a fair share of tax wherever they operate.

13 Aug 2021 00:00 | Published by a Tolley Corporation Tax expert

OECD Multilateral Convention on Mutual Administrative Assistance in Tax Matters

Maldives, Papua New Guinea and Rwanda have signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters (the Organisation for Economic Co-operation and Development ((OECD’s)) treaty for international tax co-operation and exchange of information), bringing the total number of jurisdictions that participate in the Convention to 144.

12 Aug 2021 00:00 | Published by a Tolley Corporation Tax expert

Employer Bulletin: August 2021

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

12 Aug 2021 00:00 | Published by a Tolley Corporation Tax expert

Reporting coronavirus (COVID-19) grants and support payments

HMRC has published new guidance on reporting of coronavirus (COVID-19) grants and support payments on tax returns. The guidance is for the self-employed or partners in a business.

09 Aug 2021 00:00 | Published by a Tolley Owner-Managed Businesses expert

Weekly roundup of HMRC manual changes: 9 August 2021

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

09 Aug 2021 00:00 | Published by a Tolley Corporation Tax expert

USA: tax treaties

HMRC has added the UK-USA Competent Authority Agreement signed in July 2021 to its international treaty collection.

09 Aug 2021 00:00 | Published by a Tolley Corporation Tax expert

HMRC guidance: CJRS update

HMRC has updated its guidance with information about the Coronavirus Job Retention Scheme (CJRS) end date and when claims for September must be submitted.

06 Aug 2021 00:00 | Published by a Tolley Employment Tax expert

National Insurance and social security: further updates to guidance for workers moving between the UK and EEA or Switzerland

HMRC has updated its guidance on National Insurance contributions for workers from the UK working in the EEA or Switzerland and for social security contributions for workers coming to the UK from the EEA or Switzerland.

03 Aug 2021 00:00 | Published by a Tolley Employment Tax expert

Statement of Practice 1 (2010)

HMRC has updated Statement of Practice 1 (2010): Business by telephone to add further SEISS Directions and update Annex A and Annex B.

02 Aug 2021 00:00 | Published by a Tolley Employment Tax expert

Weekly roundup of HMRC manual changes: 2 August 2021

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

02 Aug 2021 00:00 | Published by a Tolley Corporation Tax expert

Reporting rules for digital platforms - consultation

HMRC has launched a consultation on the implementation of the OECD Model Reporting Rules, which require digital platforms to report details of the income of sellers on their platform to the tax authority and also to the sellers.

30 Jul 2021 00:00 | Published by a Tolley Corporation Tax expert

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Foreign self-employment

Foreign self-employmentTrading in another jurisdiction involves many issues, only some of which involve taxation. Advice should be taken, not only in relation to tax but on the wider business implications. For an overview of the points to consider for certain jurisdictions see Tolley's Global

14 Jul 2020 11:44 | 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

Non-business expenses

Non-business expensesIntroductionIn order for an expense to be tax deductible it must be incurred because of an employee’s employment. Any non-business related expense is, therefore, not relievable except in some very particular circumstances.This guidance note deals with three separate issues. The

14 Jul 2020 12:16 | Produced by Tolley Read more Read more