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Weekly roundup of HMRC post-Brexit import, export and customs guidance: 6 June 2022

HMRC has updated its import, export and customs guidance to reflect the post-Brexit regime. The update covers the period from 30 May 2022 to 6 June 2022.

06 Jun 2022 00:00 | Published by a

Weekly roundup of HMRC manual changes – 6 June 2022

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

06 Jun 2022 00:00 | Published by a Tolley Corporation Tax expert

Law society response: Basis period reform provisional figures consultation

The Law Society has responded to HMRC’s consultation on potential easements for firms affected by the basis period reform.

06 Jun 2022 00:00 | Published by a Tolley Owner-Managed Businesses expert

Tax news roundup: 6 June 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.

06 Jun 2022 00:00 | Published by a

Revenue and Customs Brief 10 (2022): VAT - business and non-business activities

HMRC has announced a change of policy regarding how it will identify whether an activity is a business activity for VAT purposes.

06 Jun 2022 00:00 | Published by a Tolley Value Added Tax expert

HMRC publishes compliance factsheet on how to avoid penalties for Making Tax Digital for VAT

HMRC has published new factsheet CC/FS69 with information for VAT registered businesses on how to avoid penalties for Making Tax Digital for VAT.

01 Jun 2022 00:00 | Published by a Tolley Value Added Tax expert

CIOT responds to OTS call for evidence on the review of property income

The Chartered Institute of Taxation (CIOT) has responded to the OTS call for evidence on the review of property income.

01 Jun 2022 00:00 | Published by a Tolley Corporation Tax expert

Pension schemes newsletter 139: May 2022

HMRC has published pension schemes newsletter 139, to update stakeholders on the latest news and updates regarding pension schemes.

31 May 2022 00:00 | Published by a Tolley Employment Tax expert

Tax news roundup: 30 May 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.

30 May 2022 00:00 | Published by a

OECD consultation on tax certainty aspects under Amount A of Pillar One

The OECD is seeking public comments on two consultation documents relating to tax certainty under Pillar One.

30 May 2022 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC post-Brexit import, export and customs guidance: 30 May 2022

HMRC has updated its import, export and customs guidance to reflect the post-Brexit regime. The update covers the period from 23 May 2022 to 30 May 2022.

30 May 2022 00:00 | Published by a

HMRC guidance on super-deduction or special rate first year allowances

HMRC has published new guidance on the super-deduction and the special rate first year (SR) allowance.

30 May 2022 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC manual changes: 30 May 2022

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

30 May 2022 00:00 | Published by a Tolley Corporation Tax expert

OECD publishes comments on the regulated financial services exclusion under Amount A of Pillar One

The OECD has published responses to the consultation on the regulated financial services exclusion under Amount A of Pillar One.

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

Updated VAT Notice 735: Domestic reverse charge procedure

HMRC has updated its guidance to reflect that from 1 July 2022 businesses registered or liable to be registered for VAT will no longer need to report information about sales of mobiles or computer chips in the UK.

26 May 2022 00:00 | Published by a Tolley Value Added Tax expert

China deposits an instrument for the approval of the Multilateral BEPS Convention

China has deposited its instrument of ratification with the OECD for the BEPS Multilateral Convention.

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

OECD Pillar One implementation delayed

OECD Secretary-General Mathias Cormann has told the World Economic Forum in Davos that the agreement needed to finalise Pillar 1 is likely to be delayed, resulting in practical implementation taking place from 2024 rather than 2023.

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

Advisory fuel rates from 1 June 2022

HMRC has published revised advisory fuel rates for company cars which apply from 1 June 2022.

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

Updated HMRC guidance on mini umbrella company fraud

HMRC has updated its guidance with information on what it is doing about mini umbrella fraud.

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

Chancellor announces energy profits levy on oil and gas profits

The UK Government has outlined its proposals for a windfall tax on the extraordinary profits of oil and gas companies which will be used to support those most heavily affected by the increased cost of living.

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

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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

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Non-trading deficits on loan relationships

Non-trading deficits on loan relationshipsOverview of non-trading deficits (NTDs)When a company’s debits on its non-trading loan relationships and derivative contracts in an accounting period exceed the credits on its non-trading loan relationships and derivative contracts in the same period (the

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Holdover relief for disposals by trustees

Holdover relief for disposals by trusteesOverviewWhere a capital gain has been realised on an asset that has been disposed of and that disposal was not for full value (that is not in an arm’s length sale) then holdover relief may be available. This will happen when trustees appoint capital assets

14 Jul 2020 11:54 | Produced by Tolley Read more Read more