ÀÏ˾»úÎçÒ¹¸£Àû

HMRC has updated its policy paper on ‘Extended Loss Carry Back for Businesses’ to clarify in the section on 'Loss carry-back allocation statement requirements' that such statements are only required to list members of the 2020 or 2021 group (as appropriate) if they are within the charge to CT.

HMRC has published employer data for Coronavirus Job Retention Scheme (CJRS) claim periods from December 2020 to August 2021.

The Organisation for Economic Co-operation and Development (OECD) has announced that Mauritania has joined the Inclusive Framework on BEPS and become its 141st member.

Ahead of the introduction of Plastic Packaging Tax from 1 April 2022, HMRC has launched a consultation to seek views on the technical application of draft Plastic Packaging Tax (General) Regulations 2021.

The Welsh Government has published a Tax Policy Framework Update and a Tax Policy Work Plan setting out strategic tax priorities for the 2021–2026 Senedd term.

Finance Bill 2022 was published on 4 November 2021.

The Chartered Institute of Taxation (CIOT) has published a further update that HMRC has extended its agent view of employer liabilities and payments to agents with up to 7,500 clients from 1 November 2021.

HMRC has published pension schemes newsletter 134, bringing together the latest news for scheme administrators, employers and advisers.

HMRC are sending out Self-Employment Income Support Scheme (SEISS) letters to non-filers of 2019/20 self-assessment tax returns who have received grants under SEISS.

HMRC has updated its CWG2 leaflet with information about the Convention on Social Security Coordination between the UK and the Swiss Confederation and what employers need to do if an employee does not provide a certificate showing the social security contributions they must pay in another country.

These regulations designate those freeport tax sites within, or connected to, a freeport in which plant and machinery allowances, structures and buildings allowances and stamp duty land tax reliefs are available. These Regulations come into force on 19 November 2021.

HMRC has updated its guidance on reporting and paying VAT on distance sales of goods from Northern Ireland to cover businesses whose turnover is below the UK VAT registration threshold.

HMRC has updated its import, export and customs guidance to reflect the post Brexit regime. The update covers the period from 25 October 2021 to 29 October 2021.

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

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

These Regulations are made by the Treasury further to Part 1 of the Taxation (Cross-border Trade) Act 2018 and amend the Customs Tariff (Suspension of Import Duty Rates) (EU Exit) Regulations 2020, (SI 2020/1435), and the Customs Tariff (Establishment) (EU Exit) Regulations 2020, (SI 2020/1430). These Regulations came into force on 29 October 2021.

The CIOT has reported that HMRC’s Wealthy External Forum has issued several briefings to forum members in relation to letters that it intends to send out in relation to foreign tax credit relief double taxation allowance.

HMRC have published a policy paper and a technical note concerning the changes to Inheritance Tax (IHT) reporting requirements. The changes involve a widening of the circumstances when a full IHT account need not be delivered to HMRC where a deceased was domiciled in the UK. This reduces the information that those administering the estates are required to report. HMRC further clarified the reporting requirements for estates where the deceased was never domiciled in the UK, and aligned the period in which HMRC may make enquiries into estates where accounts are not required. The new measure will have effect and apply to deaths on and after 1 January 2022.

The CIOT has reported that HMRC’s Wealthy External Forum has issued several briefings to forum members in relation to letters that it intends to send out in relation to cryptoassets.

These Regulations are made under the Taxation (Cross-border Trade) Act 2018. They make amendments to three statutory instruments, namely the Customs Tariff (Preferential Trade Arrangements) (EU Exit) Regulations 2020, (SI 2020/1457), the Customs (Tariff-free Access for Goods from British Overseas Territories) (EU Exit) Regulations 2020, (SI 2020/1434) and the Customs (Tariff Quotas) (EU Exit) Regulations 2020, (SI 2020/1432). The majority of the regulations come into force on 17 November 2021, however two amendments to Schedule 1 to the Preferential Trade Arrangements Regulations come into force on 1 December 2021.