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HMRC has announced that self-assessment taxpayers who do not file their tax returns by 31 January 2021 will not receive a late filing penalty if they submit the return by 28 February 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.

HMRC has published updated guidance for stakeholders, with a special Employer Bulletin edition dealing with the UK transition period. While the Brexit transition/implementation period ended at 11 pm on 31 December 2020 (IP completion day), the government continues to issue new and updated Brexit webpages and guidance documents on the associated legal and practical changes. Further guidance may be issued post-IP completion day, so stakeholders are advised to monitor these pages for updates.

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

HMRC has published updated guidance for stakeholders. Subjects covered in this guidance include information on applying for repayment or remission of import duties after the transition period from the 1 January 2021. While the Brexit transition/implementation period ended at 11pm on 31 December 2020 (IP completion day), the government continues to issue new and updated Brexit webpages and guidance documents on the associated legal and practical changes. Further guidance may be issued post-IP completion day, so stakeholders are advised to monitor these pages for updates.

HMRC has updated its guidance 鈥楶repare for changes to the off-payroll working rules (IR35) for clients鈥� to add information on further steps businesses may need to take to prepare for the changes coming into effect from 6 April 2021.

These Regulations amend the Customs Tariff (Establishment) (EU Exit) Regulations 2020 (SI 2020/1430) (the 鈥淓stablishment Regulations鈥�) and the Customs Tariff (Suspension of Import Duty Rates) (EU Exit) Regulations 2020 (SI 2020/1435) (the 鈥淪uspension Regulations鈥�), both of which formed part of legislation made in December 2020 under the Taxation (Cross-border Trade) Act 2018 (TCTA).

These Regulations apply insolvency and restructuring measures included in the Corporate Insolvency and Governance Act 2020 to limited liability partnerships.

HMRC has updated its guidance to add information on correcting errors on VAT returns in relation to the VAT payments deferral scheme and how to defer any extra payments resulting from error corrections.

HMRC has published updated guidance for stakeholders. Subjects covered in this guidance include clarification that only Northern Ireland traders will need to submit information sheets (INF鈥檚) from 1 January 2021. . While the Brexit transition/implementation period ended at 11pm on 31 December 2020 (IP completion day), the government continues to issue new and updated Brexit webpages and guidance documents on the associated legal and practical changes. Further guidance may be issued post-IP completion day, so stakeholders are advised to monitor these pages for updates.

The Office of the United States Trade Representative (USTR) has published the findings of its investigation into the UK digital services tax (DST) under section 301 of the Trade Act of 1974. This allows the US to implement retaliatory tariffs if 鈥榰nfair trade practices鈥� are found to discriminate against US companies. The USTR found that the UK DST 鈥榠s inconsistent with principles of international taxation, including due to application to revenue rather than income, extraterritoriality, and retroactivity鈥� and 鈥榖urdens or restricts US commerce鈥�.

HMRC has confirmed that the 2019/20 SA700 must be signed with a physical signature.

The European Commission has opened the feedback period for its proposed initiative to introduce a digital levy to address the issue of fair taxation of the digital economy. The initiative proposes the introduction of an EU-wide digital tax but states that this should not interfere with the ongoing work of the OECD on a reform of the international corporate tax framework, and accordingly must be compatible with any agreement reached by OECD in addition to wider international obligations. The roadmap is open for feedback until 11 February 2021.

HMRC has published updated guidance for stakeholders, covering subjects including changes resulting from the end of the Brexit transition period. While the Brexit transition/implementation period ended at 11 pm on 31 December 2020 (IP completion day), the government continues to issue new and updated Brexit webpages and guidance documents on the associated legal and practical changes. Further guidance may be issued post-IP completion day, so stakeholders are advised to monitor these pages for updates.

The government has published a Q&A clarifying a number of aspects of the freeports policy and bidding process. The bidding process seeks to establish at least seven new freeports in England, with the new freeports policy including a new customs model, built on the UK鈥檚 current customs arrangements while taking inspiration from international best practice.

The Council of the EU has published a consolidated compromise proposal to introduce public country-by-country reporting (CbCR), which is being pushed by Portugal after it assumed the Presidency of the Council of the European Union on 1 January 2021.

The Platform for Collaboration on Tax (PCT), a joint initiative of the OECD, IMF, UN and World Bank, has published a new toolkit that helps countries to implement effective transfer pricing documentation requirements.

Following the publication of the detailed blueprints on BEPS 2.0 pillar one and pillar two in October 2020 the OECD held a public consultation meeting on 14 and 15 January 2021.

HMRC has published an updated series of excise notices, covering subjects including changes resulting from the end of the Brexit transition period. While the Brexit transition/implementation period ended at 11 pm on 31 December 2020 (IP completion day), the government continues to issue new and updated Brexit webpages and guidance documents on the associated legal and practical changes. Further guidance may continue to be issued post-IP completion day, so stakeholders are advised to monitor these pages for updates.

HM Revenue and Customs (HMRC) has published a policy paper setting out the reasonable steps that operators of frontier locations should take using the pre-lodgement model to control goods arriving into Great Britain from the EU. The model will come into force from 1 July 2021.