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The Welsh Revenue Authority has issued new guidance summarising its approach to dealing with tax avoidance and evasion, including its powers to issue penalties in relation to the devolved taxes.

The Public Bill Committee has completed its work on Finance Bill 2022 and the Bill has been reported with amendments to the House.

HMRC has updated its guidance on the Self-Employment Income Support Scheme (SEISS) to ask self-employed individuals and members of partnerships who were unable to make a claim due to HMRC error to contact HMRC by 28 February 2022.

HMRC is urging tax agents and accountants to remind their clients that COVID-19 support grants or payments are taxable and should be declared on their company tax returns.

HMRC has launched a consultation seeking views on domestic implementation of the OECD Pillar Two rules for a worldwide 15% minimum corporation tax rate for large multinational groups.

The CIOT has published the latest HMRC Stakeholder Digest (6 January 2022) which provides a round-up of the latest news and updates.

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

The Chancellor of the Exchequer has commissioned the Office for Budget Responsibility to produce an economic and fiscal forecast for Wednesday 23 March 2022.

The CIOT has published the latest HMRC Stakeholder Digest (22 December 2021) which provides a round-up of the latest news and updates.

SI 2022/5 The Statutory Sick Pay (Coronavirus) (Funding of Employers’ Liabilities) Regulations 2022 and SI 2022/9 The Statutory Sick Pay (Coronavirus) (Funding of Employers’ Liabilities) (Northern Ireland) Regulations 2022 provide for the reintroduction the Coronavirus Statutory Sick Pay Rebate Scheme (SSPRS) from 21 December 2021.

The European Commission has presented proposal of a Directive laying down rules to prevent the misuse of shell entities for tax purposes.

The European Commission has proposed a Directive ensuring a minimum effective tax rate for the global activities of large multinational groups.

In the ever-fast-moving world of tax announcements and developments, this news pulls together some of the key changes announced between 23 December 2021 to 4 January 2022. Our commentary will be updated in due course to reflect these latest developments.

HMRC has updated its Capital versus revenue expenditure toolkit for 2020-21.

The Chancellor has announced additional support for businesses impacted by the Omicron variant.

HMRC has updated its Making Tax Digital (MTD) guidance pages to add information in relation to submitting quarterly updates of business income and expenses.

The Scottish Government has published the outcomes of its consultation on its overarching approach to tax policy, alongside Scotland’s first Framework for Tax, which sets out the principles and strategic objectives that underpin the Scottish Approach to Taxation.

The Scottish Government has launched a consultation seeking the public’s views on the operation of the Land and Buildings Transaction Tax (LBTT) Additional Dwelling Supplement (ADS). This will be the first stage in the review of the ADS announced in the 2021-22 Programme for Government.

HMRC has rewritten its factsheet on managing serious defaulters.

HMRC interest rates for late payments will be revised following the Bank of England interest rate rise to 0.25% from 0.1%.