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Updated HMRC standard for agents

HMRC has updated its standard for agents.

12 May 2023 00:00 | Published by a Tolley Owner-Managed Businesses expert

Employment Related Securities Bulletin 50

HMRC has published Employment Related Securities (ERS) Bulletin 50.

12 May 2023 00:00 | Published by a Tolley Employment Tax expert

SI 2023/518 The Community Investment Tax Relief (Amendment of Investment Limits) Regulations 2023

These Regulations increase the limits that apply to the amounts of capital that accredited community development finance institutions (CDFIs) can raise from corporate and individual investors, and on which those investors can claim community investment tax relief (CITR).

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

HMRC Stakeholder Digest - 11 May 2023

HMRC’s Stakeholder Digest (11 May 2023) provides a round-up of recent news and updates.

12 May 2023 00:00 | Published by a Tolley Owner-Managed Businesses expert

SI 2023/508 The Tonnage Tax (Further Opportunity for Election) Order 2023

This Order provides a second further opportunity for shipping companies and groups to elect into the tonnage tax regime.

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

HMRC revises guidance on loan relationships unallowable purpose test

HMRC has made substantial changes to its Corporate Finance Manual at

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

Technical consultation: The Plastic Packaging Tax (General) (Amendment) Regulations 2023

HMRC has launched a technical consultation seeking views on draft regulations to amend the rules for claiming tax credits in certain circumstances in respect of Plastic Packaging Tax.

11 May 2023 00:00 | Published by a Tolley Owner-Managed Businesses expert

Updated HMRC tool for checking when HMRC will reply to a query

HMRC has updated its guidance on Check when you can expect a reply from HMRC.

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

OECD and IGF consultation on draft toolkits on base erosion and profit shifting (BEPS) in mining program

The OECD and the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development (IGF) invite public comments on draft toolkits to support developing countries in addressing transfer pricing risks when pricing minerals.

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

Spring Finance Bill 2023: Public Bill Committee

The Treasury has published explanatory notes to government amendments to the  Spring Finance Bill 2023.

11 May 2023 00:00 | Published by a Tolley Employment Tax expert

Weekly roundup of HMRC import, export and customs news: 9 May 2023

Details of updates to HMRC import, export and customs guidance for the period from 1 May 2023 to 9 May 2023.

09 May 2023 00:00 | Published by a

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

Tax news roundup: 9 May 2023

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.

08 May 2023 00:00 | Published by a

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

Revenue and Customs Brief 5 (2023): change to the VAT treatment of medical services carried out by non-registered staff directly supervised by pharmacists

This brief details a change to the VAT treatment of medical services carried out by non-registered staff directly supervised by pharmacists from 1 May 2023.

03 May 2023 00:00 | Published by a Tolley Value Added Tax expert

Updated VAT Notice 708/6: Energy-saving materials and heating equipment

HMRC has updated its VAT notice on installing energy-saving materials and grant-funded heating equipment.

02 May 2023 00:00 | Published by a Tolley Value Added Tax expert

SI 2023/482 The Income Tax (Care Leaver’s Apprenticeship Bursary Payment) (Amendment) Regulations 2023

These Regulations amend the Income Tax (Care Leaver’s Apprenticeship Bursary Payment) Regulations, SI 2020/922 to ensure that the income tax exemption applies to the new payment rate made by the Department of Education (DfE) to care leavers starting an English statutory apprenticeship on or after 1 August 2023.

02 May 2023 00:00 | Published by a Tolley Personal Tax expert

Weekly roundup of HMRC manual changes: 2 May 2023

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

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

Notice made under the Value Added Tax (Margin Schemes and Removal or Export of Goods: VAT-related Payments) Order, SI 2023/68

A notice (which has the force of law) has been published in relation to the record keeping requirements and method of claiming a VAT related payment on eligible second-hand motor vehicles that are bought in Great Britain and moved to Northern Ireland or the EU after 30 April 2023 with the intention of selling them.

02 May 2023 00:00 | Published by a Tolley Value Added Tax expert

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Class 1 v Class 1A

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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

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