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Class 1 NICs primary threshold increases from 6 July 2022

The primary threshold for Class 1 NICs increased to £12,570 on 6 July 2022, bringing the threshold into line with the income tax personal allowance.

06 Jul 2022 00:00 | Published by a Tolley Employment Tax expert

Weekly roundup of HMRC manual changes: 4 July 2022

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

04 Jul 2022 00:00 | Published by a Tolley Employment Tax expert

SI 2022/723 The Registered Pension Schemes (Authorised Member Payments) Regulations 2022

These Regulations enable assets held within registered pension schemes which are “dormant” to be transferred out of the pension scheme into a reclaim fund without incurring unauthorised payments charges.

30 Jun 2022 00:00 | Published by a Tolley Employment Tax expert

Updated HMRC toolkits (2022)

HMRC has updated its Expenses and benefits from employment, Directors’ loan accounts, National Insurance contributions and statutory payments and VAT partial exemption toolkits.

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

Regulations and practice guidance on remote observation of court and tribunal hearings have taken effect

The Remote Observation and Recording (Courts and Tribunals) Regulations 2022, SI 2022/705, which were made under section 85A of the Courts Act 2003 (which was itself introduced by section 198 of the Police, Crime, Sentencing and Courts Act 2022), came into force on 28 June 2022. Also on 28 June 2022, the Lord Chief Justice and the Senior President of the Tribunals published Practice Guidance on Remote Observation of Hearings—New Powers in order to help judicial office holders understand and apply the law.

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

Weekly roundup of HMRC manual changes: 27 June 2022

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

27 Jun 2022 00:00 | Published by a Tolley Corporation Tax expert

HMRC increases late-payment interest rates

HMRC has increased the interest rates for late payments of tax following the Bank of England’s decision on 16 June 2022 to increase the bank base rate from 1% to 1.25%.

20 Jun 2022 00:00 | Published by a Tolley Corporation Tax expert

New HMRC tool for National Insurance Contributions (NIC) changes

HMRC has launched a new tool that can be used to estimate the impact of the recent NIC changes on employees. This tool is not suitable for the self-employed.

20 Jun 2022 00:00 | Published by a Tolley Employment Tax expert

Weekly roundup of HMRC manual changes: 20 June 2022

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

20 Jun 2022 00:00 | Published by a Tolley Corporation Tax expert

Money Laundering regulations: consultation responses

HMRC has published responses to the consultation on draft legislation amending the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations,

16 Jun 2022 00:00 | Published by a Tolley Corporation Tax expert

Calculating Class 1 NICs in freeport tax sites

The ICAEW Tax Faculty has provided guidance to clarify how employers should apply the freeports upper secondary threshold for NICs.

16 Jun 2022 00:00 | Published by a Tolley Employment Tax expert

FTT Tax Chamber issues Practice Statement on witness summonses

The Tax Chamber President has published a Practice Statement in relation to the issue of witness summonses and orders to produce documents.

16 Jun 2022 00:00 | Published by a Tolley Corporation Tax expert

Agent update: issue 97

HMRC has published Agent Update issue 97 (June 2022) providing a round-up of recent developments for tax agents and advisers.

16 Jun 2022 00:00 | Published by a Tolley Corporation Tax expert

Employer Bulletin: June 2022

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

15 Jun 2022 00:00 | Published by a Tolley Employment Tax expert

SI 2022/643 The Designation of Freeport Tax Sites (Plymouth and South Devon Freeport) Regulations 2022

These Regulations designate various areas within the Plymouth and South Devon freeport as freeport tax sites with effect from 4 July 2022.

13 Jun 2022 18:30 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC manual changes: 13 June 2022

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

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

HMRC comments on WFH expenses in PAYE codes

HMRC has commented on the removal of working from home (WFH) expenses from 2022/23 PAYE Codes where the employee no longer qualifies for the expense.

09 Jun 2022 00:00 | Published by a Tolley Employment Tax expert

Weekly roundup of HMRC manual changes – 6 June 2022

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

06 Jun 2022 00:00 | Published by a Tolley Corporation Tax expert

Pension schemes newsletter 139: May 2022

HMRC has published pension schemes newsletter 139, to update stakeholders on the latest news and updates regarding pension schemes.

31 May 2022 00:00 | Published by a Tolley Employment Tax expert

Weekly roundup of HMRC manual changes: 30 May 2022

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

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

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