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Latest Corporation Tax News

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HMRC Factsheets: Economic Crime and Corporate Transparency Bill 2022

HMRC has added and updated factsheets which provide details of the different measures contained in the Economic Crime and Corporate Transparency Bill.

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

Chancellor pushes back the fiscal statement to 17 November 2022

The Chancellor has announced that the economic statement which was due on 31 October 2022 will now take place on 17 November 2022.

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

Prime Minister Sunak takes office

Rishi Sunak has taken office as the UK’s next Prime Minister following Liz Truss’s resignation.

25 Oct 2022 00:00 | Published by a Tolley Corporation Tax expert

New UK subsidy control regime: information events

HMRC has published details of a series of information events for public authorities on the new UK subsidy control regime.

24 Oct 2022 00:00 | Published by a Tolley Corporation Tax expert

Consultation: Change to HMRC statistics publications

HMRC is consulting on changes to its current suite of statistical publications. The consultation will run until the 16 January 2023.

24 Oct 2022 00:00 | Published by a Tolley Corporation Tax expert

HMRC guidance on what to do if a tax agent’s business is changing

HMRC has published new guidance on what tax agents need to tell HMRC if their business is changing in some way.

19 Oct 2022 00:00 | Published by a Tolley Corporation Tax expert

Consultation: Draft regulations: The Platform Operators (Due Diligence and Reporting Requirements) Regulations

HMRC has launched a consultation on the draft regulations to implement the Organisation for Economic Co-operation and Development’s (OECD’s) Model Reporting Rules for Digital Platforms.

19 Oct 2022 00:00 | Published by a Tolley Corporation Tax expert

SI 2022/1055 The Double Taxation Relief and International Tax Enforcement (Luxembourg) Order 2022

These Regulations bring into effect 2022 Convention and Protocol Arrangements between the UK and the government of Luxembourg, which was signed on 7 June 2022.

18 Oct 2022 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC manual changes: 17 October 2022

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

18 Oct 2022 00:00 | Published by a Tolley Corporation Tax expert

New Chancellor announces reversal of mini-Budget tax measures

Chancellor Jeremy Hunt has announced a reset of government fiscal policy, reversing ‘almost all the tax measures’ from the mini-Budget.

17 Oct 2022 00:00 | Published by a Tolley Corporation Tax expert

HMRC Stakeholder Digest: 14 October 2022

HMRC’s Stakeholder Digest (14 October 2022) provides a round-up of recent news.

17 Oct 2022 00:00 | Published by a Tolley Corporation Tax expert

PM confirms corporation tax will increase to 25% from April 2023

In a reversal of policy, Prime Minister Liz Truss has announced that the main rate of corporation tax will increase to 25% from 1 April 2023.

14 Oct 2022 00:00 | Published by a Tolley Corporation Tax expert

Isle of Man: tax treaties

The exchange of letters between the UK and Isle of Man which was signed in 2021 has been added to the HMRC Isle of Man: tax treaties page.

13 Oct 2022 00:00 | Published by a Tolley Corporation Tax expert

India: tax treaties

The text of the UK-India Double Taxation Convention has been amended on the HMRC India: tax treaties page.

13 Oct 2022 00:00 | Published by a Tolley Corporation Tax expert

OECD Secretary-General tax report to G20 Finance ministers

The OECD secretary-general tax report to G20 finance ministers and central bank governors has been published.

13 Oct 2022 00:00 | Published by a Tolley Corporation Tax expert

Chancellor brings fiscal statement forward to 31 October

Writing to the Treasury Committee, the Chancellor has announced his intention to deliver his medium-term fiscal plan on 31 October, rather than 23 November.

10 Oct 2022 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC manual changes: 10 October 2022

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

10 Oct 2022 00:00 | Published by a Tolley Corporation Tax expert

Changes to SME limits

Many UK businesses will be released from reporting requirements and other regulations in the future due to a change in the UK definition of ‘SME’.

07 Oct 2022 00:00 | Published by a Tolley Corporation Tax expert

Mongolia and South Africa strengthen tax treaties

Mongolia has signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting. South Africa has also deposited its instrument of ratification for the BEPS convention.

07 Oct 2022 00:00 | Published by a Tolley Corporation Tax expert

OECD consultation on the progress report under Amount A of Pillar One

The OECD is seeking public comments on the Progress Report on the Administration and Tax Certainty Aspects of Amount A of Pillar One.

07 Oct 2022 00:00 | Published by a Tolley Corporation Tax expert

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