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The Chartered Institute of Taxation (CIOT) has responded to the HM Treasury’s consultation on online sales tax (OST).

HMRC has launched a technical consultation seeking views on draft regulations that will remove a sunset clause from the Hybrid and Other Mismatches rules so that an exemption for certain hybrid instruments issued by banks continues to apply from 1 January 2023.

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

HMRC has published Agent Update issue 96 (May 2022) providing a round-up of recent developments for tax agents and advisers.

The Association of Taxation Technicians (ATT) has shared an update from HMRC that it is pausing some Research & Development Tax Credit (RDTC) payments while it investigates some irregular claims.

Uzbekistan has joined the Global Forum on Transparency and Exchange of Information for Tax Purposes.

HMRC has updated factsheet CC/FS48 and added new sections to provide more information about the recovery of overclaimed Coronavirus Job Retention Scheme (CJRS) grants.

The consolidated text of the 1993 UK-Ukraine Double Taxation Convention as amended by the 2017 protocol has been added to the tax treaties and related documents between the UK and Ukraine.

The CIOT has shared an HMRC briefing on share sale proceeds where disposal figures declared on taxpayer’s Self-Assessment returns don’t match those declared by the purchasing company.

HMRC has published new factsheet CC/FS57 on the Human Rights Act and DOTAS penalties.

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

The EU temporary state aid framework introduced in 2020 to support companies during the COVID-19 pandemic is gradually to be phased out.

The Welsh government has reached an agreement with the UK government on the establishment of freeports in Wales.

Opening the 2022–23 Parliamentary session on 10 May 2022, the Queen's Speech set out the UK Government's legislative priorities including the following:

HMRC has increased the interest rates for late payments of tax following the Bank of England’s decision on 5 May 2022 to increase the bank base rate from 0.75% to 1%.

The OECD is seeking public comments on the Regulated Financial Services Exclusion under Amount A of Pillar One to address the tax challenges arising from the digitalisation of the economy.

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

The Government has issued a publication aiming to kickstart a conversation with businesses on reforming the UK’s capital allowances regime.

HMRC has published new factsheet CC/FS55 about penalties for inaccurate interest restriction returns and documents.

The Chartered Institute of Taxation (CIOT) has published its comments on the HMRC’s Construction Industry Scheme (CIS): Landlord contributions to tenant works.