ÀÏ˾»úÎçÒ¹¸£Àû

Tolley works hard to bring you the most up-to-date tax news straight to your inbox. In a dynamic industry it’s important to know when things change. With Tolley’s Tax News you can always be informed giving your clients the most comprehensive information available.

Latest Tax News

Filter icon Filter by tax area

Global Forum releases four new peer review reports on the exchange of information on request for Côte d’Ivoire, Kenya, Moldova and Tanzania

The Global Forum published a new peer review report on transparency and exchange of information on request (EOIR) for Kenya, and three first-time reviews for Côte d’Ivoire, Moldova and Tanzania.

26 Nov 2021 00:00 | Published by a Tolley Owner-Managed Businesses expert

Belgium, Estonia, the Netherlands and Qatar deposit new notifications under the Multilateral BEPS Convention

Belgium, Estonia, the Netherlands and Qatar have deposited new notifications under the Multilateral Convention (MLI) that will take effect in accordance with Articles 29 and 35 of the MLI.

26 Nov 2021 00:00 | Published by a Tolley Owner-Managed Businesses expert

Updated HMRC guidance on registering for Plastic Packaging Tax

HMRC has updated its guidance on registering for Plastic Packaging Tax to add more information in relation to creating invoices and charging VAT.

25 Nov 2021 00:00 | Published by a Tolley Value Added Tax expert

CIOT comments: Finance (No.2) Bill 2021 briefings

The CIOT has commented on Finance (No.2) Bill 2021 briefings on - Clauses 7-8 Schedule 1: Basis Period Reform, Clauses 53-66: Economic Crime (Anti- Money Laundering) Levy and Clauses 84-90 Schedule 12: Tackling Tax Avoidance.

25 Nov 2021 00:00 | Published by a Tolley Corporation Tax expert

HMRC Stakeholder Digest: 19 November 2021

The CIOT has published the latest HMRC Stakeholder Digest (19 November 2021) which providing a round-up of the latest news and updates.

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

Company cars: advisory fuel rates from 1 December 2021

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

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

New mutual agreement procedure statistics released on OECD Tax Certainty Day

On 22 November 2021, the OECD released the latest mutual agreement procedure (MAP) statistics covering 118 jurisdictions and most MAP cases worldwide.

24 Nov 2021 00:00 | Published by a Tolley Owner-Managed Businesses expert

HMRC guidance: VAT Import One Stop Shop (IOSS) in an EU country

HMRC has published new guidance for businesses on the VAT Import One Stop Shop (IOSS) regime.

22 Nov 2021 00:00 | Published by a Tolley Value Added Tax expert

Weekly roundup of HMRC post-Brexit import, export and customs guidance: 22 November 2021

HMRC has updated its import, export and customs guidance to reflect the post-Brexit regime. The update covers the period from 15 November 2021 to 22 November 2021.

22 Nov 2021 00:00 | Published by a

Weekly roundup of HMRC manual changes: 22 November 2021

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

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

Tax news roundup: 22 November 2021

In the ever-fast-moving world of tax announcements and developments, this news pulls together some of the key changes announced this week. Our commentary will be updated in due course to reflect these latest developments.

22 Nov 2021 00:00 | Published by a

HMRC Guidance: risk of tax avoidance working through an umbrella company

HMRC has published two new guidance notes to enable contractors and agency workers working through umbrella companies to check their payslip to make sure they are not involved in a tax avoidance scheme.

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

Managing pension schemes service newsletter: November 2021

HMRC has published its Managing Pension Schemes service newsletter for November 2021, updating stakeholders on the latest news for pension schemes.

19 Nov 2021 00:00 | Published by a Tolley Owner-Managed Businesses expert

HMRC updated guidance: Accounting for import VAT on the VAT return

HMRC has updated its guidance on accounting for import VAT on the VAT return to add information on how to adjust errors.

19 Nov 2021 00:00 | Published by a Tolley Value Added Tax expert

SI 2021/1286 The Tax Credits and Child Benefit (Miscellaneous Amendments) Regulations 2021

These Regulations amend a number of statutory instruments in relation to tax credits and child benefit. They come into force on 9 December 2021.

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

Agent Update: issue 90

HMRC has published Agent Update issue 90 (November 2021) providing a round-up of recent developments for tax agents and advisers.

18 Nov 2021 00:00 | Published by a Tolley Corporation Tax expert

Managing tax debt through the pandemic

The National Audit Report (NAO) has published a report on how HMRC has managed the collection of tax debt through the pandemic – in particular, whether it has adapted sufficiently to the changing nature and scale of that debt and the wider circumstances that affect taxpayers’ ability to repay tax, and whether it is likely to have sufficient capacity in the future.

18 Nov 2021 00:00 | Published by a

HMRC factsheets: Joint and several liability

HMRC has published a new series of compliance checks factsheets covering joint and several liability notices that can be issued to individuals connected with companies (usually directors) where there is a risk of tax or penalties not being paid.

18 Nov 2021 00:00 | Published by a

Tax Administration and Maintenance Day will be on 30 November 2021

The Treasury has announced that Tax Administration and Maintenance Day will be on 30 November 2021.

18 Nov 2021 00:00 | Published by a Tolley Corporation Tax expert

Women leaders in tax transparency

The OECD Global Forum on Transparency and Exchange of Information for Tax Purposes is launching the first edition of the ‘Women leaders in tax transparency’ programme. This network will constitute a new milestone for the Global Forum as it will contribute to the fight for gender equality and empower women to take leading roles on tax transparency in tax administrations.

18 Nov 2021 00:00 | Published by a

Popular Articles

Self assessment ― amendments and corrections

Self assessment ― amendments and correctionsOnce a self assessment tax return has been filed, both HMRC and the taxpayer (or the agent) has the right to make changes to the return. There are different time limits depending on whether it is a correction by HMRC or an amendment made by the

14 Jul 2020 13:37 | Produced by Tolley Read more Read more

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

Temporary differences

Temporary differencesCalculation of temporary differencesThe temporary difference arising in respect of an asset or liability is calculated by comparing the carrying value of that asset or liability with its tax base.IAS 12 uses the concept of taxable or deductible temporary differences. Whether a

14 Jul 2020 13:49 | Produced by Tolley in association with Malcolm Greenbaum Read more Read more