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CIOT response: Welsh Tax Acts (Power to Modify) Bill

The CIOT and Low Incomes Tax Reform Group (LITRG) have responded to the inquiry by the Finance Committee of the Senedd Cymru (Welsh Parliament) into the Welsh Tax Acts etc. (Power to Modify) Bill.

03 Feb 2022 00:00 | Published by a Tolley Corporation Tax expert

HMRC guidance: Employer guides for PAYE and National Insurance contributions

HMRC has published the latest versions of its employer guide to Class 1A National Insurance contributions on benefits in kind, termination payments and sporting testimonial payments (CWG5), and of its further guidance for employers on PAYE and National Insurance contributions (CWG2), the latter to be used from 6 April 2022.

02 Feb 2022 00:00 | Published by a Tolley Employment Tax expert

Working group publishes interim report on e-signatures

The Ministry of Justice (MoJ) has welcomed an interim report on e-signatures, published by the Industry Working Group on Electronic Execution of Documents, which identifies best practice guidance based on existing technology and provides recommendations for future reform.

02 Feb 2022 00:00 | Published by a

HMRC guidance: Valuing stocks and shares for Inheritance Tax

HMRC has published new guidance that provides information on how to value stocks and shares of someone who has died for inheritance tax purposes.

02 Feb 2022 00:00 | Published by a Tolley Trusts and Inheritance Tax expert

Updated HMRC guidance: Disclosure of tax avoidance schemes

HMRC has substantially updated its disclosure of tax avoidance schemes (DOTAS) guidance. New topics covered include HMRC’s powers, introduced in the

02 Feb 2022 00:00 | Published by a Tolley Corporation Tax expert

Updated HMRC guidance on Plastic Packaging Tax return

HMRC has updated its plastic packaging tax guidance on including components in the total weight of finished plastic packaging components manufactured in or imported to the UK in the accounting period.

01 Feb 2022 00:00 | Published by a Tolley Owner-Managed Businesses expert

Notices to file income tax returns incorrectly issued to non-resident corporate landlords

The Chartered Institute of Taxation (CIOT) has shared an update from HMRC which provides further details on Notices to file income tax returns incorrectly issued to non-resident corporate landlords.

01 Feb 2022 00:00 | Published by a Tolley Corporation Tax expert

Prepare for the Health and Social Care Levy

HMRC has published new guidance to provide information on how National Insurance contributions (NICs) will increase when the Health and Social Care Levy comes into effect in the UK on 6 April 2022.

01 Feb 2022 00:00 | Published by a Tolley Employment Tax expert

HMRC guidance: claiming creative industry tax reliefs

HMRC has published new guidance for companies on providing evidence to support their Company Tax Return for claiming creative industry tax reliefs for Corporation Tax.

01 Feb 2022 00:00 | Published by a Tolley Corporation Tax expert

Finance Bill 2022: new 'public interest business protection tax' to be introduced

The UK government is to introduce a new tax to counter the risk of businesses taking assets for their own benefit at the expense of energy supply businesses which depend on those assets and which, as a result, become insolvent, with the associated costs of maintaining energy supply passing to the state.

31 Jan 2022 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC manual changes: 31 January 2022

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

31 Jan 2022 00:00 | Published by a Tolley Corporation Tax expert

Tax news roundup: 31 January 2022

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

31 Jan 2022 00:00 | Published by a

HMRC Stakeholder Digest: 26 January 2022

The CIOT has published the latest HMRC Stakeholder Digest (26 January 2022) which provides a round-up of the latest news, including the late payment of voluntary Class 2 NICs and the delayed introduction of the new VAT penalty regime.

28 Jan 2022 00:00 | Published by a Tolley Corporation Tax expert

Finance Bill 2022: Report Stage set for 2 February

Finance Bill 2022 will be considered at Report Stage in the House of Commons on 2 February 2022. The government has proposed a number of amendments which are expected to be approved at this final stage for changes.

27 Jan 2022 00:00 | Published by a Tolley Corporation Tax expert

CIOT responds to HMRC review of Double Taxation Treaties 2022-23

The Chartered Institute of Taxation (CIOT) has issued a response to the HMRC stakeholder consultation on Review of Double Taxation Treaties (DTTs) 2022-23.

27 Jan 2022 00:00 | Published by a Tolley Corporation Tax expert

Technical consultation: The Social Security Contributions (Freeports) Regulations 2022

HMRC has launched a technical consultation on draft regulations covering Freeport National Insurance contributions relief where employees’ time spent at the freeport site is limited due to a protected characteristic. The consultation runs until 17 February 2022.

27 Jan 2022 00:00 | Published by a Tolley Employment Tax expert

Bank and Building Society Interest returns: Bulletin January 2022

HMRC has published the Bank and Building Society Interest (BBSI) returns Bulletin for 2022, explaining the top 5 reasons for rejecting BBSI data returns.

26 Jan 2022 00:00 | Published by a

House of Commons Library briefing on the 2019 loan charge has been published

The House of Commons Library has published a research briefing on the 2019 loan charge.

26 Jan 2022 00:00 | Published by a

Weekly roundup of HMRC manual changes: 24 January 2022

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

24 Jan 2022 00:00 | Published by a Tolley Corporation Tax expert

OECD publishes new 'harmful tax practices' peer review conclusions

The OECD has published the results from its latest peer review of preferential tax regimes on Mutual Agreement Procedures.

24 Jan 2022 00:00 | Published by a Tolley Corporation Tax expert

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