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The Chartered Institute of Taxation (CIOT) has shared HMRC guidance on how businesses should account for VAT while waiting for HMRC to approve (or otherwise) their VAT grouping applications.

The CIOT has published the latest HMRC Stakeholder Digest (6 January 2022) which provides a round-up of the latest news and updates.

HMRC has issued a reminder for VAT-registered businesses to take steps to prepare for Making Tax Digital for VAT before it becomes mandatory from 1 April 2022.

HMRC’s VAT Brief 1 (2022) announces a review of how VAT is reclaimed on the cost of charging electric vehicles that are used for business purposes and how to account for VAT on any private use.

The Chancellor of the Exchequer has commissioned the Office for Budget Responsibility to produce an economic and fiscal forecast for Wednesday 23 March 2022.

The Welsh Parliament is consulting on a Bill to give Welsh ministers powers to modify the Welsh Taxes Acts for various purposes.

The CIOT has published the latest HMRC Stakeholder Digest (22 December 2021) which provides a round-up of the latest news and updates.

In the ever-fast-moving world of tax announcements and developments, this news pulls together some of the key changes announced between 23 December 2021 to 4 January 2022. Our commentary will be updated in due course to reflect these latest developments.

The Chartered Institute of Taxation has shared feedback from the Joint VAT Consultative Committee (JVCC) on the most common reasons that cause online VAT registration applications to require manual intervention and increase processing time.

HMRC has updated its One Stop Shop VAT (OSS) Return guidance with detailed information about the different payment methods.

HMRC has published new guidance on Plastic Packaging Tax (PPT) to provide information on what records and accounts must kept by businesses to support the information when submitting their PPT returns.

HMRC has rewritten its factsheet on managing serious defaulters.

HMRC interest rates for late payments will be revised following the Bank of England interest rate rise to 0.25% from 0.1%.

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

These Regulations extend existing staged customs controls for goods that are in Ireland or Northern Ireland immediately before their importation into Great Britain. This means that the import controls taking effect for EU-GB movements of goods from 1 January 2022 will not apply to such goods. This ensures existing processes are maintained while discussions continue between the UK and EU on the future of the Northern Ireland Protocol.

HMRC has published Agent Update issue 91 (December 2021) providing a round-up of recent developments for tax agents and advisers.

13 Decemebr 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 the inclusion of new sections 'How to correct a previous return', 'If you have over-declared on your return' and 'Submit your return'.

These Regulations set out the appointed day on which most of the elements of the new plastic packaging tax (PPT), including the main charge to tax, come into force.

HMRC has updated its guidance with information about umbrella companies in section 6.6.