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Treasury Committee issues report on Tax Simplification

The House of Commons Treasury Committee has published a report on Tax Simplification with several recommendations for government.

20 Jun 2023 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC manual changes: 19 June 2023

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

19 Jun 2023 00:00 | Published by a Tolley Employment Tax expert

Government proposes further Finance (No 2) Bill amendments for Report Stage

The Chancellor has put forward several amendments, including two new clauses, which will be considered in the House of Commons at Report Stage on 20 June 2023 (rescheduled from the original 19 June date).

14 Jun 2023 00:00 | Published by a Tolley Corporation Tax expert

National Audit Office Report: Progress with Making Tax Digital

The National Audit Office (NAO) has published a report, Progress with Making Tax Digital. The report considers progress to implement Making Tax Digital, and whether HMRC’s latest plans provide confidence that the programme will deliver value for money.

12 Jun 2023 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC manual changes: 12 June 2023

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

12 Jun 2023 00:00 | Published by a Tolley Corporation Tax expert

CIOT response: Taxation of environmental land management and ecosystem service markets

The CIOT has responded to the HM Treasury (HMT) consultation on the taxation of environmental land management and ecosystem service markets.

12 Jun 2023 00:00 | Published by a Tolley Trusts and Inheritance Tax expert

Weekly roundup of HMRC manual changes: 5 June 2023

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

05 Jun 2023 00:00 | Published by a Tolley Trusts and Inheritance Tax expert

Agent update: issue 108

HMRC has published Agent Update issue 108 (24 May 2023) providing a round-up of recent developments and changes to legislation and allowances relating to UK tax for tax agents and advisers.

25 May 2023 00:00 | Published by a Tolley Corporation Tax expert

Updated HMRC guidance on trust registration

HMRC has updated its guidance on trust registration with information on how they will respond to reports of disproportionate risk of harm.

23 May 2023 00:00 | Published by a Tolley Trusts and Inheritance Tax expert

Weekly roundup of HMRC manual changes: 22 May 2023

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

22 May 2023 00:00 | Published by a Tolley Corporation Tax expert

HMRC updates interest rates following Bank of England decision

HMRC is increasing the late payment rate of interest to 7%, and the repayment interest rate to 3.5% from 31 May 2023. Interest on quarterly instalment payments of corporation tax is also increased from 22 May 2023.

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

Retained EU law sunset clause abandoned

The Retained EU Law (Revocation and Reform) Bill will now not automatically remove remaining retained EU law and EU-derived secondary legislation on 31 December 2023.

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

Weekly roundup of HMRC manual changes: 9 May 2023

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

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

HMRC yearly average and spot rates

HMRC has published its updated list of yearly average and spot foreign exchange rates for the year to 31 March 2023.

04 May 2023 00:00 | Published by a Tolley Corporation Tax expert

Updated HMRC guidance for tax agents

HMRC has updated its tax agents guidance to clarify when a tax agent must have an agent service account.

04 May 2023 00:00 | Published by a Tolley Corporation Tax expert

Tax Administration and Maintenance Day – 27 April 2023

The UK government published various tax policy consultations and other updated documents on 27 April 2023.

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

Updated Companies House guidance on how to register overseas entities

Companies House has updated its guidance on how to register overseas entities with details on the changes in submitting information about trusts.

26 Apr 2023 00:00 | Published by a Tolley Corporation Tax expert

HMRC Trusts and Estates Newsletter: April 2023

HMRC has published its Trusts and Estates Newsletter for April 2023.

25 Apr 2023 00:00 | Published by a Tolley Trusts and Inheritance Tax expert

HMRC Stakeholder Digest: 20 April 2023

HMRC’s Stakeholder Digest (20 April 2023) provides a round-up of recent news and updates.

21 Apr 2023 00:00 | Published by a Tolley Corporation Tax expert

Agent Update: issue 107

HMRC has published Agent Update issue 107 (19 April 2023) providing a round-up of recent developments and changes to legislation and allowances relating to UK tax for tax agents and advisers.

20 Apr 2023 00:00 | Published by a Tolley Corporation Tax expert

Popular Articles

Subsistence expenses

Subsistence expensesIntroductionSubsistence is the amount incurred as a consequence of business travel. Typically it relates to accommodation and meal costs incurred. These amounts are allowed because they are associated with the necessary travel which is not to a permanent workplace. See the Travel

14 Jul 2020 13:43 | Produced by Tolley in association with Philip Rutherford Read more Read more

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

Indexation allowance and rebasing

Indexation allowance and rebasingThis guidance note explains the general rules surrounding the availability of indexation allowance (which was frozen at December 2017) on the disposal of company assets and provides information on the rebasing rules for assets held on 31 March 1982. For an overview

14 Jul 2020 11:59 | Produced by Tolley in association with Jackie Barker of Wells Associates Read more Read more