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Updated VAT Notice 700/12: How to fill in and submit the VAT Return

HMRC has updated VAT Notice 700/12 to include in 4.6 on ‘reverse charge accounting’ more goods and services where the reverse charge applies, and the VAT return boxes businesses need to complete.

29 Sep 2022 00:00 | Published by a Tolley Value Added Tax expert

HM Treasury response to Bank of England financial stability intervention

HM Treasury has fully indemnified the Bank of England's intervention to restore orderly markets.

29 Sep 2022 00:00 | Published by a Tolley Corporation Tax expert

Call for evidence: review of hybrid and distance working

The deadline for the call for evidence on the review of hybrid and distance working has been amended.

28 Sep 2022 00:00 | Published by a Tolley Corporation Tax expert

Updated HMRC guidance on Making Tax Digital for VAT

HMRC has updated various guidance on Making Tax digital for VAT.

28 Sep 2022 00:00 | Published by a Tolley Value Added Tax expert

HMRC raises interest rates following Bank of England decision

The late-payment interest rate will increase to 4.75% and the repayment rate to 1.25%, from 11 October 2022. Corporation tax quarterly instalment rates will increase from 3 October 2022.

28 Sep 2022 00:00 | Published by a

Updated HMRC guidance on uncertain tax treatment

HMRC has updated its guidance on uncertain tax treatment.

28 Sep 2022 00:00 | Published by a Tolley Corporation Tax expert

IFRS 17: Technical consultation on draft legislation

HMRC has launched a technical consultation seeking views on draft regulations that will spread the transitional impact of IFRS 17 and revoke the requirement for life insurance companies to spread acquisition expenses over 7 years.

27 Sep 2022 00:00 | Published by a Tolley Corporation Tax expert

Updated guidance on goods or services supplied to charities (VAT Notice 701/58)

HMRC has updated various sections in the VAT notice to include additional conventional advertising media, businesses to include in the meaning of ‘general public’ and range of digital advertising situations that qualify for standard and zero rate of VAT.

27 Sep 2022 00:00 | Published by a Tolley Value Added Tax expert

HMRC guidance: How HMRC resolves civil tax disputes

HMRC has published a page on their approach to resolve civil tax disputes and information on its internal governance processes.

27 Sep 2022 00:00 | Published by a Tolley Owner-Managed Businesses expert

Call for Evidence: Scottish Government block grant adjustments for tax and welfare devolution

The closing deadline for the call for evidence on Scottish Government block grant adjustments for tax and welfare devolution has been extended to 28 September 2022.

27 Sep 2022 00:00 | Published by a Tolley Owner-Managed Businesses expert

Government announces medium-term Fiscal Plan

Chancellor Kwasi Kwarteng will set out the governments medium-term Fiscal Plan on 23 November.

27 Sep 2022 00:00 | Published by a Tolley Owner-Managed Businesses expert

SI 2022/987 The Statutory Sick Pay (Coronavirus) (Suspension of Waiting Days) (Saving Provision) (Northern Ireland) Regulations 2022

These Regulations make a saving provision for Northern Ireland following the expiry of Coronavirus Act 2020 s 43 at midnight on 24 September 2022.

26 Sep 2022 00:00 | Published by a Tolley Employment Tax expert

Designation of Freeport Tax Sites in Solent, Plymouth and South Devon

Regulations have been laid to designate areas in the Solent and Plymouth and South Devon as Freeport Tax Sites from 14 October 2022.

26 Sep 2022 00:00 | Published by a Tolley Corporation Tax expert

HMRC guidance: How to choose a tax agent

HMRC has published new guidance on how to choose a tax advisor/agent to deal with HMRC on a taxpayer’s behalf.

26 Sep 2022 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC post-Brexit import, export and customs guidance—26 September 2022

HMRC has updated its import, export and customs guidance to reflect the post-Brexit regime. The update covers the period from 13 September 2022 to 26 September 2022.

26 Sep 2022 00:00 | Published by a

Employment Related Securities Bulletin 45

HMRC has published Employment Related Securities (ERS) Bulletin 45.

26 Sep 2022 00:00 | Published by a Tolley Employment Tax expert

Weekly roundup of HMRC manual changes: 26 September 2022

26 September 2022 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

26 Sep 2022 00:00 | Published by a Tolley Trusts and Inheritance Tax expert

Weekly roundup of HMRC post-Brexit import, export and customs guidance: 26 September 2022

HMRC has updated its import, export and customs guidance to reflect the post-Brexit regime. The update covers the period from 13 September 2022 to 26 September 2022.

26 Sep 2022 00:00 | Published by a

Tax news roundup: 26 September 2022

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.

26 Sep 2022 00:00 | Published by a

Mini-Budget: 23 September 2022—key tax highlights

The Chancellor of the Exchequer delivered a fiscal statement to the House of Commons, outlining cuts to income tax, reversal of the NIC increases, scrapping of the planned increase in corporation tax, permanent £1m annual investment allowance, unwinding of the 2017 and 2021 off-payroll working rules changes, and cuts to SDLT.

23 Sep 2022 00:00 | Published by a Tolley Corporation Tax expert

Popular Articles

Associated companies ― from 1 April 2023

Associated companies ― from 1 April 2023Implications of associated companiesFrom 1 April 2023, the rate of corporation tax that a company is subject to depends on the level of its augmented profits. The rate of tax is based on a comparison of the company’s augmented profits against the corporation

22 Mar 2021 10:21 | Produced by Tolley Read more Read more

Taxation of loan relationships

Taxation of loan relationshipsThe vast majority of companies will have loan relationships and so will need to consider how they are taxed under the loan relationship rules. There are also specific provisions dealing with relevant non-lending relationships and other deemed loan relationships.

14 Jul 2020 13:48 | Produced by Tolley Read more Read more

Real estate investment trusts (REITs)

Real estate investment trusts (REITs)Introduction to REITsA real estate investment trust (REIT) is in fact not a trust at all, it is a company which qualifies for special tax treatment under CTA 2010, Part 12. REITs are similar in many ways to collective fund vehicles (such as unit trusts) in that

14 Jul 2020 13:04 | Produced by Tolley in association with Rob Durrant-Walker of Crane Dale Tax Read more Read more