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Tax Administration and Maintenance Day: 30 November 2021

Over 30 documents were published on the inaugural ‘Tax Administration and Maintenance day’ signifying the start of a period of consultation and evaluation. Our summary document details the key announcements.

30 Nov 2021 00:00 | Published by a Tolley Corporation Tax expert

Pension schemes newsletter 135: November 2021

HMRC has published pension schemes newsletter 135, which informs relevant stakeholders of the latest news and updates regarding pension schemes.

30 Nov 2021 00:00 | Published by a Tolley Employment Tax expert

Weekly roundup of HMRC manual changes: 29 November 2021

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

29 Nov 2021 00:00 | Published by a Tolley Corporation Tax expert

CIOT comments: Finance (No.2) Bill 2021 briefings

The CIOT has commented on Finance (No.2) Bill 2021 briefings on - Clauses 7-8 Schedule 1: Basis Period Reform, Clauses 53-66: Economic Crime (Anti- Money Laundering) Levy and Clauses 84-90 Schedule 12: Tackling Tax Avoidance.

25 Nov 2021 00:00 | Published by a Tolley Corporation Tax expert

HMRC Stakeholder Digest: 19 November 2021

The CIOT has published the latest HMRC Stakeholder Digest (19 November 2021) which providing a round-up of the latest news and updates.

25 Nov 2021 00:00 | Published by a Tolley Employment Tax expert

Company cars: advisory fuel rates from 1 December 2021

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

24 Nov 2021 00:00 | Published by a Tolley Employment Tax expert

HMRC Guidance: risk of tax avoidance working through an umbrella company

HMRC has published two new guidance notes to enable contractors and agency workers working through umbrella companies to check their payslip to make sure they are not involved in a tax avoidance scheme.

19 Nov 2021 00:00 | Published by a Tolley Employment Tax expert

Managing pension schemes service newsletter: November 2021

HMRC has published its Managing Pension Schemes service newsletter for November 2021, updating stakeholders on the latest news for pension schemes.

19 Nov 2021 00:00 | Published by a Tolley Owner-Managed Businesses expert

SI 2021/1286 The Tax Credits and Child Benefit (Miscellaneous Amendments) Regulations 2021

These Regulations amend a number of statutory instruments in relation to tax credits and child benefit. They come into force on 9 December 2021.

19 Nov 2021 00:00 | Published by a Tolley Employment Tax expert

Agent Update: issue 90

HMRC has published Agent Update issue 90 (November 2021) providing a round-up of recent developments for tax agents and advisers.

18 Nov 2021 00:00 | Published by a Tolley Corporation Tax expert

Tax Administration and Maintenance Day will be on 30 November 2021

The Treasury has announced that Tax Administration and Maintenance Day will be on 30 November 2021.

18 Nov 2021 00:00 | Published by a Tolley Corporation Tax expert

CIOT response: Treasury Committee Inquiry into the Autumn Budget and Spending Review 2021

The Chartered Institute of Taxation (CIOT) has responded to the Treasury Committee’s inquiry into the Autumn Budget and Spending Review 2021.

17 Nov 2021 00:00 | Published by a Tolley Corporation Tax expert

SI 2021/1270 The Authorised Investment Funds (Tax) (Amendment) Regulations 2021

These Regulations amend the Authorised Investment Funds (Tax) Regulations, SI 2006/964 (the AIF regulations) to provide for tax treatment of a new type of authorised fund called the long-term asset fund (LTAF), which targets investment in long-term illiquid assets, following the introduction of rules for these new fund vehicles by the Financial Conduct Authority. They also make provision in relation to the application of Part 3A of the Corporation Tax Act 2010 (companies with small profits) to qualified investor schemes.

17 Nov 2021 00:00 | Published by a Tolley Corporation Tax expert

Updated HMRC guidance: Claim back Statutory Sick Pay (SSP) paid to employees

HMRC has updated its Coronavirus statutory sick pay rebate scheme guidance for employers to reflect that EU state aid rules no longer apply in the UK.

11 Nov 2021 00:00 | Published by a Tolley Employment Tax expert

Joint and several liability notices for COVID-19 support payment

HMRC has published new guidance setting out how HMRC deals with customers who receive a joint and several liability notice for a company that has received COVID-19 support payments, including conditions for giving a notice and safeguards.

10 Nov 2021 00:00 | Published by a Tolley Corporation Tax expert

HMRC Stakeholder Digest: 4 November 2021

The Chartered Institute of Taxation (CIOT) has published an HMRC Stakeholder Digest (4 November 2021) providing a round-up of the latest news and updates for members, and their customers and clients.

08 Nov 2021 00:00 | Published by a Tolley Employment Tax expert

Weekly roundup of HMRC manual changes: 8 November 2021

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

08 Nov 2021 00:00 | Published by a Tolley Employment Tax expert

Welsh Government sets out tax priorities for 2021–2026

The Welsh Government has published a Tax Policy Framework Update and a Tax Policy Work Plan setting out strategic tax priorities for the 2021–2026 Senedd term.

04 Nov 2021 00:00 | Published by a Tolley Corporation Tax expert

Finance Bill 2022 published

Finance Bill 2022 was published on 4 November 2021.

04 Nov 2021 00:00 | Published by a Tolley Corporation Tax expert

Pension schemes newsletter 134: October 2021

HMRC has published pension schemes newsletter 134, bringing together the latest news for scheme administrators, employers and advisers.

02 Nov 2021 00:00 | Published by a Tolley Employment Tax expert

Popular Articles

Allowable deductions for employee-related expenses

Allowable deductions for employee-related expensesThis guidance note covers the tax treatment of some common types of trading expenditure relating to employees. Some of these are disallowable under general principles, for example the wholly and exclusively test or capital versus revenue expenditure.

14 Sep 2022 09:49 | Produced by Tolley Read more Read more

Non-business expenses

Non-business expensesIntroductionIn order for an expense to be tax deductible it must be incurred because of an employee’s employment. Any non-business related expense is, therefore, not relievable except in some very particular circumstances.This guidance note deals with three separate issues. The

14 Jul 2020 12:16 | Produced by Tolley Read more Read more

Capital allowances on cars

Capital allowances on carsSummary of capital allowances on carsThe current capital allowance rates applicable to cars are as follows:Pool typeDescription of carRateLegislationMain rate poolNew and unused cars with CO2 emissions of 50g/km and below 18%CAA 2001, s 104AASecondhand cars with CO2

14 Jul 2020 11:08 | Produced by Tolley Read more Read more