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Latest Employment Tax News

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Company cars: advisory fuel rates from 1 September 2023

HMRC has published revised advisory fuel rates for company cars which apply from 1 September 2023.

25 Aug 2023 00:00 | Published by a Tolley Employment Tax expert

Russia: tax treaties

Russia has suspended substantially all material provisions of many of its Double Taxation Agreements

21 Aug 2023 00:00 | Published by a Tolley Corporation Tax expert

Employer Bulletin: August 2023

HMRC has published its bi-monthly magazine providing the latest information on payroll-related topics for employers and agents.

17 Aug 2023 00:00 | Published by a Tolley Employment Tax expert

Agent Update: issue 111

HMRC has published Agent Update issue 111 (17 August 2023) providing a round-up of recent developments and changes to legislation and allowances relating to UK tax for tax agents and advisers.

17 Aug 2023 00:00 | Published by a Tolley Corporation Tax expert

HMRC extends trial for responding to older post

The ICAEW has advised that HMRC is extending its trial for responding to old post.

15 Aug 2023 00:00 | Published by a Tolley Corporation Tax expert

Employment Related Securities Bulletin 53

HMRC has published Employment Related Securities (ERS) Bulletin 53.

07 Aug 2023 00:00 | Published by a Tolley Employment Tax expert

HMRC increases late-payment interest rates

HMRC is increasing the late-payment interest rate to 7.75% and the repayment rate to 4.25% from 22 August 2023. Interest on quarterly instalment payments of corporation tax is also increased from 14 August 2023.

04 Aug 2023 00:00 | Published by a Tolley Corporation Tax expert

Second Investment Zone for the North announced

The government has launched England’s second Investment Zone in Liverpool focused on life sciences.

02 Aug 2023 00:00 | Published by a Tolley Corporation Tax expert

Treasury Committee calls for action on complex, un-costed and exploited tax reliefs

The Treasury Committee calls for a systematic review into the cost of over a thousand tax reliefs which complicate the tax system and are open to abuse.

02 Aug 2023 00:00 | Published by a Tolley Corporation Tax expert

HMRC Stakeholder Digest - 27 July 2023

HMRC’s Stakeholder Digest (27 July 2023) confirms the end of the concessionary treatment of assignments of the right to receive tax repayments.

28 Jul 2023 00:00 | Published by a Tolley Employment Tax expert

New HMRC guidance on checking how to claim a tax refund for negative earnings

HMRC has published a new guidance page on how employees can claim a tax refund for negative earnings.

24 Jul 2023 00:00 | Published by a Tolley Employment Tax expert

Open consultation: Tax incentives for occupational health

HMRC and HM Treasury have launched a joint consultation on the role of tax incentives in boosting occupational health (OH) provision by employers.

21 Jul 2023 00:00 | Published by a Tolley Employment Tax expert

Pension schemes newsletter 152 — July 2023

HMRC has published pension schemes newsletter 152.

20 Jul 2023 00:00 | Published by a Tolley Employment Tax expert

SI 2023/823 The Social Security (Contributions) (Amendment No. 6) Regulations 2023

These Regulations provide a disregard from earnings, for NICs purposes, for compensation payments made under the public service pensions remedy.

20 Jul 2023 00:00 | Published by a Tolley Employment Tax expert

Agent Update: issue 110

HMRC has published Agent Update issue 110 (19 July 2023) providing a round-up of recent developments and changes to legislation and allowances relating to UK tax for tax agents and advisers.

20 Jul 2023 00:00 | Published by a Tolley Corporation Tax expert

SI 2023/812 The National Insurance Contributions Act 2022 (Freeports and Investment Zones) (Consequential Amendments) Regulations 2023

This instrument makes consequential amendments in light of the F(No 2)A 2023 changes that provide for NIC relief in investment zones.

19 Jul 2023 00:00 | Published by a Tolley Employment Tax expert

Convention on Social Security Coordination between Iceland, Liechtenstein, Norway and the United Kingdom of Great Britain and Northern Ireland

This treaty was presented to Parliament in July 2023. The explanatory memorandum provides information on the Convention on Social Security Coordination between Iceland, the Principality of Liechtenstein, the Kingdom of Norway, and the United Kingdom of Great Britain and Northern Ireland.

19 Jul 2023 00:00 | Published by a Tolley Employment Tax expert

Treasury Minutes: July 2023 – Government response on managing tax compliance following the pandemic

In the Treasury minutes published on 17 July 2023, the government has responded, among other things, to the Public Accounts Committee (PAC) report from session 2022-23 on managing tax compliance following the COVID-19 pandemic.

18 Jul 2023 00:00 | Published by a Tolley Corporation Tax expert

Government publishes draft legislation for next Finance Bill

Hot on the heels of

18 Jul 2023 00:00 | Published by a Tolley Corporation Tax expert

SI 2023 /772 The Post Office Horizon Shortfall Scheme Top-Up Payments (Tax Exemptions) Regulations 2023 and SI 2023/773 The Social Security (Contributions) (Amendment No. 5) Regulations 2023

These Regulations exempt certain top-up payments made under the Post Office Limited’s Horizon Shortfall Scheme (HSS) from income tax, capital gains tax and Class 1 NICs.

11 Jul 2023 00:00 | Published by a Tolley Employment Tax expert

Popular Articles

Company cars

Company carsIntroductionCompany cars are one of the most common taxable benefits. The rules for calculating the benefit are complex, and the reporting requirements are more onerous than most benefits. Company cars are covered by very specific legislation. Detailed guidance on each of the following

14 Jul 2020 11:15 | Produced by Tolley Read more Read more

Research and development expenditure credit (RDEC)

Research and development expenditure credit (RDEC)This guidance note provides information on how research and development expenditure credits (RDEC) are calculated and utilised. The Qualifying expenditure for R&D tax relief guidance note provides information on what expenditure qualifies for

14 Jul 2020 13:24 | Produced by Tolley in association with Will Sweeney Read more Read more

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