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HMRC has announced that the interest rates for late payments will be revised following the Bank of England’s interest rate rise from 0.50% to 0.75%.

The Government of Jersey has stated that all forms of tax cooperation with Russia are suspended with immediate effect. The Minister for External Relations and Financial Services, Senator Ian Gorst, stated that Jersey should not be providing the Russian government with information that can be used to increase its tax revenues. This suspension follows from a similar announcement from the UK government on Thursday 17 March 2022.

HMRC has published Agent Update issue 94 (March 2022) providing a round-up of recent developments for tax agents and advisers.

The CIOT has shared guidance to help businesses understand when to sign up for Making Tax Digital (MTD) for VAT.

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

HMRC has published a new VAT brief which explains what businesses must do if they have chosen to continue using the Lennartz mechanism and entered the arrangement before 22 January 2010.

These Regulations correct a number of minor errors in the One Stop Shop and Import One Stop Shop legislation. The schemes form part of the EU e-commerce package implemented by the UK from 1 July 2021 under the Northern Ireland Protocol.

7 March 2022 - 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 on registering for plastic packaging tax (PPT) to provide additional information for importers of plastic packaging and examples to illustrate when plastic packaging components are finished.

HMRC has updated its plastic packaging tax (PPT) guidance to add more information in relation to registering for PPT as a group of companies, and how recovered material is reprocessed from pre-consumer plastic.

HMRC has published a new VAT Brief which explains how businesses should file their VAT returns while waiting for a decision on their VAT grouping application.

The National Insurance Contributions Bill is in the final stages of progressing through Parliament. On 1 March 2022, the House of Commons considered the House of Lords’ amendments, rejecting those proposed by the opposition parties that had been accepted by the House of Lords.

HMRC has published a new VAT Brief which explains how end-customer claims for refunds of VAT overpaid to a supplier are affected by the UK’s withdrawal from the EU. The Brief replaces Revenue and Customs Brief 4 (2017).

28 February 2022 - 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 on the import of plastic packaging components to clarify the treatment of packaging which is already filled with goods.

Finance Act 2022

HMRC has updated its guidance on registering for Plastic Packaging Tax (PPT) to add more information in relation to who should register for PPT.

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

HMRC has published a new VAT Brief which explains how businesses registered under the Flat Rate Scheme should account for import VAT using postponed VAT accounting from 1 June 2022.

HMRC has published Agent Update issue 93 (February 2022) providing a round-up of recent developments for tax agents and advisers.