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To help fund the government’s social care plans NIC rates will increase by 1.25% and tax on dividends will increase by 1.25% from April 2022.

The government spending plans are to be set out at the Spending Review on 27 October 2021 alongside an Autumn Budget.

For 2022–23, the earnings element on which the annual increase in the state pension is calculated will be set aside.

HMRC has provided the Chartered Institute of Taxation (CIOT) with information about its dedicated Customer Engagement and Support Team (CEST) and the support it can offer mid-sized business customers with complex tax issues.

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

The Law Society has responded to HMRC’s consultation on basis period reform which closed on 31 August 2021.

Algeria has joined the Global Forum on Transparency and Exchange of Information for Tax Purposes.

Jamaica and Ukraine have committed to implement the international Standard for Automatic Exchange of Financial Account Information in Tax Matters (AEOI) by 2022 and 2023 respectively.

Responding to HMRC’s consultation on basis period reform, the Association of Taxation Technicians (ATT) has called for a delay to the implementation of plans to change how partners and sole traders calculate their taxable profits each year.

Togo has joined the BEPS inclusive framework and the two-pillar plan to reform the international taxation rules to ensure that multinational enterprises pay a fair share of tax wherever they operate.

The Chartered Institute of Taxation (CIOT) has responded to the HMRC’s consultation on basis period reform which closed on 31 August 2021.

The Scottish Government has launched a consultation seeking the public’s views on its overarching approach to tax policy, through Scotland’s first framework for tax, and how the Scottish Government should use its devolved and local tax powers as part of the Scottish Budget 2022–23, particularly to support the ongoing economic recovery from coronavirus (COVID-19). The consultation also outlines the Scottish Government’s tax programme for this Parliament.

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

HMRC has updated its guidance with a new section 'Seeding relief for Property Authorised Investment Funds or Co-Ownership Authorised Contractual Schemes’.

HMRC has published a new factsheet on information and documents that a financial institution will need to provide to HMRC if they receive a financial institution notice (FIN).

HMRC has published an equality impact assessment of the changes to the NICs treatment of termination payments and sporting testimonials introduced in April 2020.

The Chartered Institute of Taxation (CIOT) has responded to HM Treasury’s Business Rates Review consultation on more frequent revaluations which closed on 24 August 2021.

HMRC has published revised advisory fuel rates for company cars which apply from 1 September 2021.

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

The Chartered Institute of Taxation (CIOT) has reported a problem with HMRC’s software that is causing incorrect SEISS figures to be included in the self-assessment tax return.