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Reduce the risk of using an umbrella company who operates a tax avoidance scheme

HMRC has published a new guidance on how to reduce the risk of using a non-compliant umbrella company for UK agencies or businesses who utilise temporary labour.

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

Joint and several liability notices for tax avoidance, tax evasion and repeated insolvency

HMRC has published new guidance detailing how it deals with taxpayers who are involved in tax avoidance, tax evasion or repeated insolvency who receive a joint and several liability notice.

08 Oct 2021 00:00 | Published by a Tolley Corporation Tax expert

HMRC Stakeholder Digest: 5 October 2021

The Chartered Institute of Taxation (CIOT) has published an HMRC Stakeholder Digest (October 2021) providing a round-up of the latest news and updates for members, and their customers and clients.

07 Oct 2021 00:00 | Published by a Tolley Corporation Tax expert

CIOT Budget representations

The Chartered Institute of Taxation (CIOT) has published the budget representations it has made on employee ownership trusts, employment taxes and pensions regime, assignment and enforcement of loans subject to the loan charge and remote working abroad.

06 Oct 2021 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC manual changes: 4 October 2021

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

04 Oct 2021 00:00 | Published by a Tolley Corporation Tax expert

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

Popular Articles

Enterprise investment scheme tax relief

Enterprise investment scheme tax reliefOverview of EIS tax reliefsThe enterprise investment scheme (EIS) offers significant tax reliefs to encourage individuals to invest money in qualifying shares issued by qualifying unquoted companies. The scheme is designed to encourage investment in small,

14 Jul 2020 11:36 | Produced by Tolley Read more Read more

Wholly and exclusively

Wholly and exclusivelyFor both income tax and corporation tax purposes, one of the fundamental conditions that must be satisfied for an item of expenditure to be deductible, is that it must incurred ‘wholly and exclusively’ for the purposes of the trade, profession or vocation. References to CTA

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

Company cars

Company carsIntroductionCompany cars are one of the most common taxable benefits. The rules for calculating the benefit are complex, and the reporting requirements are more onerous than most benefits. Company cars are covered by very specific legislation. Detailed guidance on each of the following

14 Jul 2020 11:15 | Produced by Tolley Read more Read more