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Latest Corporation Tax News

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Relief from Stamp Duty Land Tax in Freeport tax sites

HMRC has published new guidance on how to claim relief from Stamp Duty Land Tax (SDLT) when buying land or buildings in a Freeport tax site.

12 Jul 2021 00:00 | Published by a Tolley Corporation Tax expert

Legislation Day: Tuesday 20 July 2021

Draft legislation for the next Finance Bill will be published on Tuesday 20 July 2021.

08 Jul 2021 00:00 | Published by a Tolley Corporation Tax expert

OECD Secretary-General Tax Report

The OECD secretary-general has published his report to the July 2021 meeting of G20 leaders in Italy, covering international tax developments including the digital economy, the tax policy aspects of climate change and supporting developing countries to build sustainable tax bases.

06 Jul 2021 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC manual changes: 5 July 2021

5 July 2021 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

05 Jul 2021 00:00 | Published by a Tolley Corporation Tax expert

HMRC’s compliance approach for large business

HMRC has updated its guidance to add new sections on the Compliance Risk Management framework, Business Risk Reviews and large business consultation forums.

05 Jul 2021 00:00 | Published by a Tolley Corporation Tax expert

Updated HMRC guidance on extended loss carry-back for companies

HMRC has updated its guidance on how to make a de minimis claim for extended loss carry-back claims for companies.

05 Jul 2021 00:00 | Published by a Tolley Corporation Tax expert

New framework for international tax reform

130 countries and jurisdictions have joined a new two-pillar plan to reform international taxation rules and ensure that multinational enterprises pay a fair share of tax wherever they operate.

02 Jul 2021 00:00 | Published by a Tolley Corporation Tax expert

HMRC issue briefing: Collecting tax debts after coronavirus

HMRC has published a paper setting out its approach to collecting tax debts and supporting taxpayers as the UK emerges from the coronavirus (COVID–19) pandemic.

30 Jun 2021 00:00 | Published by a Tolley Corporation Tax expert

SI 2021/740 The Finance Act 2020, Schedule 11 (Appointed Day) (Northern Ireland) Regulations 2021

These Regulations provide for 29th June 2021 to be the appointed day for the commencement of paragraphs 8 and 13 of Schedule 11 to the Finance Act 2020.

29 Jun 2021 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC manual changes: 28 June 2021

28 June 2021 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

28 Jun 2021 00:00 | Published by a Tolley Corporation Tax expert

HMRC updated Employer Bulletin: June 2021

HMRC has updated its bi-monthly magazine for June 2021 to provide the latest information for employers and agents on the deadline of 30 June 2021 which applies to both the EU Settlement Scheme and the Small to Medium Enterprise (SME) Brexit Support Fund.

23 Jun 2021 00:00 | Published by a Tolley Corporation Tax expert

First Tier Tribunal (FTT) guidance update on PDF bundles and appeals

The First-Tier Tribunal (FTT) has updated its guidance on delivering PDF bundles for use in hearings in the Tax Chamber.

23 Jun 2021 00:00 | Published by a Tolley Corporation Tax expert

SI 2021/718 The Corporate Insolvency and Governance Act 2020 (Coronavirus) (Extension of the Relevant Period) (No. 2) Regulations 2021

These Regulations extend the period within which the temporary provision in Schedule 10 to the Corporate Insolvency and Governance Act 2020 (CIGA 2020, Sch 10) has effect, from 30th June 2021 until 30th September 2021.

22 Jun 2021 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC manual changes: 21 June 2021

21 June 2021 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

21 Jun 2021 00:00 | Published by a Tolley Corporation Tax expert

Updated HMRC guidance on applying for a SDLT refund

HMRC has updated its Stamp Duty Land Tax (SDLT) guidance to add information on checks, repayments and paying back amounts that are not due.

21 Jun 2021 00:00 | Published by a Tolley Corporation Tax expert

New OECD report on fighting tax crimes

The Forum of Heads of Tax Crime Investigation has welcomed the launch of a new edition of the global reference guide setting out the ten core requirements for jurisdictions to be able to effectively tackle tax crime.

18 Jun 2021 00:00 | Published by a Tolley Corporation Tax expert

Agent Update: issue 85

HMRC has published Agent Update issue 85 (June 2021) providing a round-up of recent developments for tax agents and advisers.

17 Jun 2021 00:00 | Published by a Tolley Corporation Tax expert

Law Society response: HMRC discussion document on helping taxpayers get offshore tax right

The Law Society has responded to HMRC’s consultation seeking views on ways to help taxpayers get their offshore tax right first time. The Society agrees that the use of offshore data to inform HMRC’s communications and prompts to taxpayers, and particularly to agents, could promote compliance but advises caution where data is incomplete or misleading.

16 Jun 2021 00:00 | Published by a Tolley Corporation Tax expert

Albania: tax treaties

HMRC has published the synthesised text of the UK’s double taxation treaty with Albania, as modified by the BEPS Multilateral Instrument (MLI).

15 Jun 2021 00:00 | Published by a Tolley Corporation Tax expert

SI 2021/704 The Corporation Tax (Carry Back of Losses: Temporary Extension) Regulations 2021

These Regulations are supplementary to the legislation in Finance Act 2021 that provides for a temporary extension to the trading loss carry back rules from 12 months to three years for companies and unincorporated businesses.

15 Jun 2021 00:00 | Published by a Tolley Corporation Tax expert

Popular Articles

Foreign tax relief

Foreign tax reliefIncome and gains may be taxable in more than one country. The UK has three ways of ensuring that the individual does not bear a double burden:1)treaty tax relief may reduce or eliminate the double tax2)if there is no treaty, the individual can claim ‘unilateral’ relief by deducting

14 Jul 2020 11:44 | Produced by Tolley Read more Read more

VAT registration ― change of VAT registration details

VAT registration ― change of VAT registration detailsVAT registered persons must keep their VAT registration details up to date and notify HMRC of any changes. Failure to notify HMRC by the relevant time could result in a penalty. For guidance regarding penalties for failure to notify please see the

14 Jul 2020 13:57 | Produced by Tolley Read more Read more

VAT registration ― artificial separation of business activities (disaggregation)

VAT registration ― artificial separation of business activities (disaggregation)This guidance note should be read in conjunction with the VAT registration ― compulsory guidance note and is relevant to persons established or resident in the UK. Persons that are not established or resident in the UK

14 Jul 2020 13:57 | Produced by Tolley Read more Read more