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CIOT update on HMRC’s position on certain remittances

Representatives from the CIOT have met HMRC to discuss the issue of remittances of loan monies secured against collateral representing foreign income or gains.

17 Oct 2023 00:00 | Published by a Tolley Personal Tax expert

HMRC: fractional shares cannot be held in ISAs

HMRC has confirmed its interpretation that only whole shares (rather than fractions of shares) can be held in an ISA.

17 Oct 2023 00:00 | Published by a Tolley Personal Tax expert

Weekly Roundup HMRC Manuals: 16 October 2023

16 October 2023 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors

16 Oct 2023 00:00 | Published by a Tolley Corporation Tax expert

CIOT Autumn Statement 2023 representation: Cryptoassets and their treatment for tax purposes

The CIOT has made an Autumn Statement 2023 representation on Cryptoassets and their treatment for tax purposes.

13 Oct 2023 00:00 | Published by a Tolley Corporation Tax expert

Weekly Roundup HMRC Manuals: 9 October 2023

10 October 2023 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors

09 Oct 2023 00:00 | Published by a Tolley Corporation Tax expert

New HMRC guidance on public service pensions remedy

HMRC has published new guidance for agents and individuals on the McCloud public service pensions remedy.

06 Oct 2023 00:00 | Published by a Tolley Employment Tax expert

HMRC Directions: electronic format for pensions remedy ‘specified information’

HMRC has formally authorised the online submission of information setting out how an individual’s tax position has changed as a result of the public service pension schemes remedy.

05 Oct 2023 00:00 | Published by a Tolley Employment Tax expert

Land and Buildings Transaction Tax (Green Freeports Relief) (Scotland) Order, SSI 2023/280

This Order provides for relief from land and buildings transaction tax in designated Scottish green freeport tax sites.

05 Oct 2023 00:00 | Published by a Tolley Corporation Tax expert

Spotlight 63: property business arrangements involving hybrid partnerships

Spotlight 63 highlights an avoidance scheme marketed to landlords which claims to bypass the restrictions on mortgage interest relief, reduce taxable profits from the property business and reduce CGT and IHT. HMRC is clear that the scheme is not effective.

05 Oct 2023 00:00 | Published by a Tolley Owner-Managed Businesses expert

New electronic filing directions for Upper Tribunal

A new Practice Direction requires documents to be submitted to the Upper Tribunal electronically via the Tribunal’s CE-File secure online portal.

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

Weekly Roundup HMRC Manuals: 3 October 2023

3 October 2023 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors

03 Oct 2023 00:00 | Published by a Tolley Corporation Tax expert

CIOT response: anti-money laundering supervision

The CIOT has responded to the Treasury consultation: ‘Reforming anti-money laundering and counter-terrorism financing supervision’.

03 Oct 2023 00:00 | Published by a Tolley Corporation Tax expert

New remittance basis toolkit for agents

HMRC has issued a new toolkit intended to help advisers consider whether clients who have used the remittance basis have made taxable remittances.

03 Oct 2023 00:00 | Published by a Tolley Employment Tax expert

UK Government announces tax exemption for War Widow(er)s Recognition Payment

The Government has announced that the War Widow (er)s Recognition payment of £87,500 will be exempt from income tax and National Insurance Contributions

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

Updated HMRC guidance on paying tax bill using a Certificate of Tax Deposit

HMRC has updated its guidance to explain what deposit holders need to do before the Certificate of Tax Deposit (CTD) Scheme closes on 23 November 2023.

25 Sep 2023 00:00 | Published by a Tolley Corporation Tax expert

Weekly Roundup HMRC Manuals: 25 September 2023

25 September 2023 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

25 Sep 2023 00:00 | Published by a Tolley Corporation Tax expert

Agent update: issue 112

HMRC has published Agent Update issue 112 (20 September 2023) providing a round-up of recent developments and changes to legislation and allowances relating to UK tax for tax agents and advisers.

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

Pensions (Extension of Automatic Enrolment) Act 2023 receives Royal Assent

Pensions (Extension of Automatic Enrolment) Act 2023

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

CIOT response: Abolishing the pensions lifetime allowance

The CIOT has commented on the draft Finance Bill 2024 legislation on abolishing the pensions lifetime allowance.

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

Weekly Roundup HMRC Manuals: 19 September 2023

19 September 2023 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

19 Sep 2023 00:00 | Published by a Tolley Corporation Tax expert

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Loans provided to employees

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Timing of disposal for capital gains tax

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Terminal trading loss relief

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