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CJRS guidance: correcting underpayments

HMRC has updated its Coronavirus Job Retention Scheme guidance to add a new section on how to top up employees’ wages where businesses have claimed a grant but not paid employees enough, and further information about offsetting overclaimed amounts.

03 Dec 2021 00:00 | Published by a Tolley Employment Tax expert

SSI 2021/448 The First-tier Tribunal for Scotland (Chambers) Amendment Regulations 2021

These Regulations amend the First-tier Tribunal for Scotland (Chambers) Regulations 2016, SSI 2016/341 to create a new chamber.

02 Dec 2021 00:00 | Published by a Tolley Owner-Managed Businesses expert

SI 2021/1344 The Income Tax (Qualifying Child Care) (Wales) Regulations 2021

These Regulations amend section 318C of ITEPA 2003, which defines “qualifying childcare” for the purposes of exemptions from income tax for employee benefits in respect of certain employer-provided or employer-contracted childcare.

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

HMRC Stakeholder Digest: 30 November 2021

The CIOT has published the latest HMRC Stakeholder Digest (30 November 2021) which provides a round-up of the latest news and updates.

01 Dec 2021 00:00 | Published by a Tolley Employment Tax expert

SI 2021/1341 The Income Tax (Exemption of Social Security Benefits) Regulations 2021

These Regulations are being made to exempt from tax four new social security payments with retrospective effect from the date of their respective introductions.

01 Dec 2021 00:00 | Published by a Tolley Employment Tax expert

HMRC updated guidance: Reporting coronavirus (COVID-19) grants and support payments

HMRC has updated its guidance. A new section (‘Company tax return’) has been added which explains that grants and payments to support businesses during coronavirus (COVID-19) are taxable and need to be declared on company tax returns.

01 Dec 2021 00:00 | Published by a Tolley Corporation Tax expert

HMRC factsheets: penalties for failing to comply with a stop notice

HMRC has published two new factsheets on penalties charged on individuals who are subject to a stop notice and fail to comply with that notice.

01 Dec 2021 00:00 | Published by a

Courts and Tribunals Judiciary publishes guidance on e-bundles

The Courts and Tribunals Judiciary has published general guidance to ensure consistency in the provision of electronic bundles (e-bundles) for court hearings to promote efficient preparation and management of hearings. This guidance replaces previous guidance published in May 2020.

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

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 post-Brexit import, export and customs guidance: 29 November 2021

HMRC has updated its import, export and customs guidance to reflect the post-Brexit regime. The update covers the period from 22 November 2021 to 29 November 2021.

29 Nov 2021 00:00 | Published by a

Tax news roundup: 29 November 2021

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.

29 Nov 2021 00:00 | Published by a

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

Global Forum releases four new peer review reports on the exchange of information on request for Côte d’Ivoire, Kenya, Moldova and Tanzania

The Global Forum published a new peer review report on transparency and exchange of information on request (EOIR) for Kenya, and three first-time reviews for Côte d’Ivoire, Moldova and Tanzania.

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

Belgium, Estonia, the Netherlands and Qatar deposit new notifications under the Multilateral BEPS Convention

Belgium, Estonia, the Netherlands and Qatar have deposited new notifications under the Multilateral Convention (MLI) that will take effect in accordance with Articles 29 and 35 of the MLI.

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

Updated HMRC guidance on registering for Plastic Packaging Tax

HMRC has updated its guidance on registering for Plastic Packaging Tax to add more information in relation to creating invoices and charging VAT.

25 Nov 2021 00:00 | Published by a Tolley Value Added 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

New mutual agreement procedure statistics released on OECD Tax Certainty Day

On 22 November 2021, the OECD released the latest mutual agreement procedure (MAP) statistics covering 118 jurisdictions and most MAP cases worldwide.

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

Popular Articles

Gifts out of surplus income

Gifts out of surplus incomeA valuable exemption from inheritance tax (IHT) applies to gifts out of surplus income. This exemption applies only to lifetime gifts and is therefore a key part of lifetime planning. The exemption applies to both outright gifts and gifts into trust. Gifts which meet the

14 Jul 2020 11:48 | Produced by Tolley in association with Emma Haley at Boodle Hatfield LLP Read more Read more

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

Parking provision and expenses

Parking provision and expensesCar parking facilities at or near to the employee’s workplaceThere is an exemption from tax and NIC where an employer provides parking, or pays for or reimburses an employee for the costs associated with car parking at or near the place of work; there are no reporting

14 Jul 2020 11:09 | Produced by Tolley Read more Read more