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HMRC has published new guidance for businesses on the VAT Import One Stop Shop (IOSS) regime.

HMRC has updated its import, export and customs guidance to reflect the post-Brexit regime. The update covers the period from 15 November 2021 to 22 November 2021.

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

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 published two new guidance notes to enable contractors and agency workers working through umbrella companies to check their payslip to make sure they are not involved in a tax avoidance scheme.

HMRC has published its Managing Pension Schemes service newsletter for November 2021, updating stakeholders on the latest news for pension schemes.

HMRC has updated its guidance on accounting for import VAT on the VAT return to add information on how to adjust errors.

These Regulations amend a number of statutory instruments in relation to tax credits and child benefit. They come into force on 9 December 2021.

HMRC has published Agent Update issue 90 (November 2021) providing a round-up of recent developments for tax agents and advisers.

The National Audit Report (NAO) has published a report on how HMRC has managed the collection of tax debt through the pandemic – in particular, whether it has adapted sufficiently to the changing nature and scale of that debt and the wider circumstances that affect taxpayers’ ability to repay tax, and whether it is likely to have sufficient capacity in the future.

HMRC has published a new series of compliance checks factsheets covering joint and several liability notices that can be issued to individuals connected with companies (usually directors) where there is a risk of tax or penalties not being paid.

The Treasury has announced that Tax Administration and Maintenance Day will be on 30 November 2021.

The OECD Global Forum on Transparency and Exchange of Information for Tax Purposes is launching the first edition of the ‘Women leaders in tax transparency’ programme. This network will constitute a new milestone for the Global Forum as it will contribute to the fight for gender equality and empower women to take leading roles on tax transparency in tax administrations.

HMRC has updated its guidance on packaging subject to plastic packaging tax with more information about recycled plastic.

UK Parliament has published HM Treasury's answer to the question of whether the Chancellor of the Exchequer will publish a response to Early Day Motion 420 on introducing a wealth tax. This question was submitted by the Scottish National Party MP for Glasgow North, Patrick Grady and answered by the Conservative Party MP for South East Cambridgeshire, Lucy Frazer. The answer stated that 'getting people back to work and encouraging and incentivising businesses to take on new employees and new apprentices ultimately creates the wealth that funds our public services.'

The Chartered Institute of Taxation (CIOT) has responded to the Treasury Committee’s inquiry into the Autumn Budget and Spending Review 2021.

These Regulations amend the Authorised Investment Funds (Tax) Regulations, SI 2006/964 (the AIF regulations) to provide for tax treatment of a new type of authorised fund called the long-term asset fund (LTAF), which targets investment in long-term illiquid assets, following the introduction of rules for these new fund vehicles by the Financial Conduct Authority. They also make provision in relation to the application of Part 3A of the Corporation Tax Act 2010 (companies with small profits) to qualified investor schemes.

The higher residential rates of land transaction tax (LTT) apply where the buyer already owns one or more residential properties. If the buyer replaces their main residence and sells their previous main residence within three years of buying their new main residence, the buyer can claim a refund of the higher rates element of the LTT paid.

The Finance Bill 2022 had its second reading on 16 November 2021. The notes to the Budget Resolutions were also updated.

The Association of Taxation Technicians (ATT) has submitted its written evidence to the House of Lords Economic Affairs Finance Bill Sub-Committee inquiry into the Draft Finance Bill 2021-22. The written evidence focuses on the proposed reform of the basis period rules for income tax.