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CIOT response: Business rate review

The Chartered Institute of Taxation (CIOT) has responded to HM Treasury’s Business Rates Review consultation on more frequent revaluations which closed on 24 August 2021.

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

Revenue and Customs Brief 12 (2021): VAT treatment of gaming machines from 6 December 2005 to 31 January 2013

HMRC has published a new VAT Brief which explains what taxpayers with appeals related to the VAT treatment of gaming machines from 6 December 2005 to 31 January 2013 must do to claim VAT refunds.

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

Revenue and Customs Brief 11 (2021): VAT liability of Coronavirus (COVID-19) testing services

HMRC has published a new VAT Brief which explains the rules for the VAT treatment of COVID-19 testing services.

24 Aug 2021 00:00 | Published by a Tolley Value Added Tax expert

Restoring public trust in HMRC: settlements with large corporate taxpayers

The All-Party Parliamentary Group on Anti-Corruption and Responsible Tax has released a policy paper, which is based on and expands on the recommendations made in their response to the call for evidence on the tax administration framework earlier in 2021.

24 Aug 2021 00:00 | Published by a Tolley Corporation 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

Tax news roundup: 23 August 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.

23 Aug 2021 00:00 | Published by a

Retail Export Scheme (Northern Ireland)

HMRC has updated 'VAT Notice 704: Retail Export Scheme (Northern Ireland)' to clarify the treatment of goods moving from Northern Ireland to Great Britain where a claim has been made under the VAT retail export scheme.

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

Weekly roundup of HMRC post-Brexit import, export and customs guidance: 23 August 2021

HMRC has updated its import, export and customs guidance to reflect the post Brexit regime. The update covers the period from 16 August 2021 to 23 August 2021.

23 Aug 2021 00:00 | Published by a

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

Large businesses: update on HMRC's uncertain tax treatment guidance

Following consultation, the government is introducing new rules on the requirement for large businesses to notify HMRC when they take an uncertain tax position. HMRC has published new guidance on the rules which have been laid out in Draft Finance Bill 2022.

20 Aug 2021 00:00 | Published by a Tolley Corporation 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 updated guidance: managing agent authorisations online

HMRC has updated its guidance on how to change or remove authorisation online, by phone or in writing with further information for tax agents on telling HMRC about changes to their agent services account and some services within their HMRC online services for agents account.

18 Aug 2021 00:00 | Published by a

Safety and Security (S&S) requirements for imports and exports

HMRC has updated the requirements on S&S for imports and exports that apply to all movements out of Great Britain, unless the goods are covered under the temporary waiver or are going to Northern Ireland.

18 Aug 2021 00:00 | Published by a

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

Partial Exemption Special Method (VAT Notice 706)

HMRC has updated Notice 706 with details on the use of Partial Exemption Special Method (PESM) to recover input tax on goods or services that businesses supply.

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

Tax news roundup: 16 August 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.

16 Aug 2021 00:00 | Published by a

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

Stamp Taxes Newsletter : August 2021

HMRC has released its Stamp Taxes Newsletter for August 2021.

16 Aug 2021 00:00 | Published by a

Popular Articles

Transfer of assets to beneficiaries ― legal, administration and tax issues

Transfer of assets to beneficiaries ― legal, administration and tax issuesThis guidance note outlines how assets are transferred to beneficiaries and the tax consequences that flow from the transfer. Whether a payment is income or capital is discussed in the Payments to trust beneficiaries guidance

14 Jul 2020 13:52 | Produced by Tolley Read more Read more

Class 4 national insurance contributions

Class 4 national insurance contributionsWhat is Class 4 NIC?Class 2 and Class 4 national insurance contributions (NIC) are paid by self-employed individuals and partners in a partnership on their profits arising within the UK. This guidance note considers Class 4 contributions. For Class 2

14 Jul 2020 11:13 | Produced by Tolley Read more Read more

Bare trusts ― income tax and CGT

Bare trusts ― income tax and CGTThis guidance note explains how trustees of bare trusts are treated for income tax and capital gains purposes. Although a bare trust is, in equity, a type of trust, for both income tax and capital gains tax purposes its existence is transparent. This means that no tax

14 Jul 2020 15:34 | Produced by Tolley Read more Read more