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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.

HMRC has updated its import, export and customs guidance to reflect the post-Brexit regime. The update covers the period from 6 December 2021 to 13 December 2021.

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 on Soft Drinks Industry Levy penalties to add information in relation to penalties for inaccuracies in a return.

These Regulations designate those freeport tax sites within, or connected to, a freeport in which plant and machinery allowances, structures and buildings allowances and stamp duty land tax reliefs are available. These Regulations come into force on 30 December 2021.

These Regulations provide for an exemption from capital gains tax in relation to compensation payments made to former customers of London Capital and Finance plc (LCF) under the LCF Compensation Scheme.

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

The Chartered Institute of Taxation has shared an update on behalf of HMRC on Making Tax Digital for Income Tax Self-Assessment (MTD ITSA) pilot.

The self-serve online facility to agree time to pay for income tax self assessment liabilities of under £30,000 remains available and can be used to spread the payment of tax due by 31 January 2022. This facility is available to all taxpayers who have filed their 2020/21 tax return and plan to pay off the debt within 12 months.

The Scottish government delivered its 2022-23 budget on 9 December 2021

These Regulations extend the end date of the Customs (Managed Transition Procedure) (EU Exit) Regulations 2019 (SI 2019/487) from 31 December 2021 to 31 December 2022 and set out how VAT registered businesses making customs declarations by conduct on importation account for import VAT.

The Council of the European Union has reached an agreement on a proposal to update the rules for value added tax (VAT) rates for goods and services. The proposal offers Member States more flexibility and equality supporting the EU’s green, digital and public health priorities. The Council of the EU awaits the European Parliament’s opinion on the proposal to formerly adopt the new directive by March 2022.

HMRC has published its bi-monthly magazine providing the latest information on payroll-related topics for employers and agents.

HMRC has updated its plastic packaging tax guidance on creating invoices to state that the requirement to include a statement with an invoice to show that Plastic Packaging Tax has been paid, which was due to commence in April 2022, will be delayed. The update also includes guidance on transferring a registered plastic packaging business as a going concern and the temporary treatments available when the person responsible for dealing with Plastic Packaging Tax dies, becomes incapacitated or becomes insolvent.

Algeria has signed the Yaoundé Declaration―an African initiative for transparency and exchange of information for tax purposes.

HMRC has published new guidance on clearance applications and how to apply for advance confirmation of an exempt distribution when a company purchases its own shares.

6 December 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 import, export and customs guidance to reflect the post-Brexit regime. The update covers the period from 29 November 2021 to 6 December 2021.

HMRC has published new guidance detailing which gifts count towards the value of an estate, how they are valued and how much Inheritance Tax may be due.

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.