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

HMRC’s Stakeholder Digest (4 August 2022) provides a round-up of recent news including Legislation Day and HMRC’s annual report and accounts for 2021–22.

HMRC has increased the interest rates for late payments of tax following the Bank of England’s decision on 5 August 2022 to increase the bank base rate from 1.25% to 1.75%.

New guidance sets out HMRC’s response in relation to common errors in the calculation of Coronavirus Job Retention Scheme (CJRS) grants for eligible employees.

The OTS has published a scoping note setting out the themes for its planned call for evidence on the emerging trends and tax implications of hybrid and distance working.

The Tax Chamber President has released updated guidance on the procedure to be followed when a party to a case wishes to rely on oral evidence given by video or telephone from abroad.

A call for evidence has been published on Scottish Government block grant adjustments for tax and welfare devolution. The consultation closes on 19 September 2022.

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

HMRC has published an updated version of its agent toolkit for capital allowances for plant and machinery for 2021–22.

These Regulations bring into force most of the provisions of Part 1 of the Economic Crime (Transparency and Enforcement) Act 2022 relating to the registration of overseas entities.

HMRC has published an updated version of its agent toolkit for property rental income for 2021–22.

The ATT and CIOT are calling on HMRC to publish ‘detailed practical guidance’ setting out taxpayer obligations under Making Tax Digital for Income Tax Self-Assessment, and to ‘objectively review’ the proposed timetable for implementation.

HMRC has published new compliance factsheets on facilitating avoidance schemes involving non-resident promoters. The factsheet on failure to comply with stop notices has been updated.

The CIOT has raised concerns regarding the lack of detail in the draft notices made under regulations 3, 8, 12 and 16 of the Income Tax (Digital Requirements) Regulations 2021,

HMRC has clarified that, with one exception, a CGT UK property return must be filed even if the disposal has already been reported on a self-assessment tax return.

HMRC’s Stakeholder Digest (20 July 2022) provides a round-up of recent news including Legislation Day and HMRC’s annual report and accounts for 2021–22.

The Treasury Committee has launched an inquiry examining the tax reliefs available to individuals and businesses, and whether the system of reliefs achieves benefits for the UK economy that justify their cost. The inquiry will follow HMRC’s definitions of structural and non-structural reliefs. The Committee seeks responses on whether the current suite of tax reliefs represent good value for money, how the various reliefs rank relative to each other based on cost effectiveness, the problems arising from tax reliefs for taxpayers, businesses or for the wider economy, and whether the tax reliefs are being used as intended. The Committee also invites respondents to outline potential reforms to the system of tax reliefs. Responses must be submitted by 19 September 2022.

In this GAAR panel opinion on a repayment of a participator loan through transactions involving group companies, the panel's opinion is that entering into, and carrying out, the tax arrangements was a reasonable course of action in relation to the relevant tax provisions. This is the first of the GAAR Advisory Panel’s opinions that favours the taxpayer.

HMRC has published pension schemes newsletter 141.

HMRC has published Agent Update issue 98 (July 2022) providing a round-up of recent developments for tax agents and advisers.