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Latest Employment Tax News

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New HMRC Guidelines for Compliance pages

HMRC has published several new guidance pages to its “Guidelines for Compliance”.

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

Uncertainty as to timing of Medium-Term Fiscal Plan

The Treasury Committee tweeted that the Chancellor has agreed to bring forward the date of the next fiscal event, originally scheduled to take place on 23 November, to some time in October. However, the Chancellor himself seemed to dispute this, noting in an interview that the Medium-Term Fiscal Plan will take place on 23 November.

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

Pension schemes newsletter 143: September 2022

HMRC has published pension schemes newsletter 143.

03 Oct 2022 00:00 | Published by a Tolley Employment Tax expert

HMRC Stakeholder Digest: 28 September 2022

HMRC’s Stakeholder Digest (28 September 2022) provides a round-up of recent news.

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

CC/FS71: Compliance checks: information notices: penalties for facilitating avoidance schemes involving non-resident promoters

HMRC has published a new factsheet CC/FS71 Compliance checks: information notices on penalties for facilitating avoidance schemes involving non-resident promoters.

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

CIOT response: Finance Bill 2022-23 draft legislation

The CIOT has responded to the Finance Bill 2022-23 draft legislation on capital gains tax: transfers of assets between spouses and civil partners in the process of separating; new transfer pricing documentation requirements for UK businesses; and low earners anomaly: pensions relief relating to net pay arrangements.

29 Sep 2022 00:00 | Published by a Tolley Corporation Tax expert

Clients of repayment agent to be refunded directly by HMRC

HMRC has confirmed that a large number of taxpayers who have reclaimed tax payments using the repayment agent Tax Credits Ltd since December 2021 will be due a direct refund from HMRC.

29 Sep 2022 00:00 | Published by a Tolley Corporation Tax expert

HM Treasury response to Bank of England financial stability intervention

HM Treasury has fully indemnified the Bank of England's intervention to restore orderly markets.

29 Sep 2022 00:00 | Published by a Tolley Corporation Tax expert

Call for evidence: review of hybrid and distance working

The deadline for the call for evidence on the review of hybrid and distance working has been amended.

28 Sep 2022 00:00 | Published by a Tolley Corporation Tax expert

SI 2022/987 The Statutory Sick Pay (Coronavirus) (Suspension of Waiting Days) (Saving Provision) (Northern Ireland) Regulations 2022

These Regulations make a saving provision for Northern Ireland following the expiry of Coronavirus Act 2020 s 43 at midnight on 24 September 2022.

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

HMRC guidance: How to choose a tax agent

HMRC has published new guidance on how to choose a tax advisor/agent to deal with HMRC on a taxpayer’s behalf.

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

Employment Related Securities Bulletin 45

HMRC has published Employment Related Securities (ERS) Bulletin 45.

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

Mini-Budget: 23 September 2022—key tax highlights

The Chancellor of the Exchequer delivered a fiscal statement to the House of Commons, outlining cuts to income tax, reversal of the NIC increases, scrapping of the planned increase in corporation tax, permanent £1m annual investment allowance, unwinding of the 2017 and 2021 off-payroll working rules changes, and cuts to SDLT.

23 Sep 2022 00:00 | Published by a Tolley Corporation Tax expert

HMRC guidance: How to choose a tax agent

HMRC has published new guidance on how to choose a tax advisor/agent to deal with HMRC on a taxpayer’s behalf.

23 Sep 2022 00:00 | Published by a Tolley Corporation Tax expert

Agent Update: issue 100

HMRC has published Agent Update issue 100 (September 2022) providing a round-up of recent developments and changes to legislation and allowances relating to UK tax for tax agents and advisers.

22 Sep 2022 00:00 | Published by a Tolley Corporation Tax expert

HMRC updates Employer Bulletin: August 2022

HMRC has updated its Employer Bulletin with a revised start date of the variable payment plan service.

21 Sep 2022 00:00 | Published by a Tolley Employment Tax expert

CIOT response to the consultation on protecting customers claiming tax repayments

The CIOT has responded to the HMRC consultation on raising standards in tax advice: protecting customers claiming tax repayments.

15 Sep 2022 00:00 | Published by a Tolley Corporation Tax expert

Government clarification on approved mileage allowance payments

ICAEW’s Tax Faculty has published the corrected statement made by the government on the amount that employers can reimburse free of income tax and national insurance contributions (NIC) in relation to business mileage for the use of the employee’s own car.

14 Sep 2022 00:00 | Published by a Tolley Employment Tax expert

New HMRC tax agent and adviser guidance pages

HMRC has published several guidance pages relating to HMRC online services for agents.

08 Sep 2022 00:00 | Published by a Tolley Corporation Tax expert

Updated HMRC guidance on paying the Apprenticeship Levy

HMRC has updated its guidance on paying the apprenticeship levy to clarify that information about the off-payroll working rules applies to medium and large-sized clients outside the public sector.

07 Sep 2022 00:00 | Published by a Tolley Employment Tax expert

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Associated companies ― from 1 April 2023

Associated companies ― from 1 April 2023Implications of associated companiesFrom 1 April 2023, the rate of corporation tax that a company is subject to depends on the level of its augmented profits. The rate of tax is based on a comparison of the company’s augmented profits against the corporation

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Group relief for carried-forward losses

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Overseas property businesses for companies

Overseas property businesses for companiesOverviewReal estate income is generally taxed where the property is located; the UK tax treaties generally allow the jurisdiction where the land is located to tax income from the land.Therefore, a UK company with overseas property may be subject to tax in

14 Jul 2020 12:22 | Produced by Tolley in association with Rob Durrant-Walker of Crane Dale Tax, part of AMS Group Read more Read more