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Latest Tax News

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Updated VAT notice 700/56: Insolvency

HMRC has updated its VAT notice 700/56 with various sections on insolvency.

23 Jan 2024 00:00 | Published by a Tolley Value Added Tax expert

HMRC guidance: claiming audio-visual expenditure credits for corporation tax

HMRC has published new guidance on the video games and audio-visual expenditure credits for Corporation Tax.

22 Jan 2024 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC import, export and customs guidance: 22 January 2024

Details of updates to HMRC import, export and customs guidance for the period from 16 January 2024 to 22 January 2024.

22 Jan 2024 00:00 | Published by a

Tax news roundup: 22 January 2024

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.

22 Jan 2024 00:00 | Published by a

Weekly Roundup HMRC Manuals: 22 January 2024

22 January 2024 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors

22 Jan 2024 00:00 | Published by a Tolley Corporation Tax expert

OECD: Zambia joins Global Forum as 39th African member

Zambia has become the 171st member – and 39th African member – of the Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum).

18 Jan 2024 00:00 | Published by a Tolley Corporation Tax expert

Agent update: issue 116

HMRC has published Agent Update issue 116 (17 January 2024) providing a round-up of recent developments and changes to legislation and allowances relating to UK tax for tax agents and advisers.

18 Jan 2024 00:00 | Published by a Tolley Corporation Tax expert

National Insurance and Social Security: workers moving between the UK and EU, Gibraltar, Iceland, Liechtenstein, Norway, or Switzerland

HMRC has updated its guidance on National Insurance and social security contributions for workers moving between the UK and EU, Gibraltar, Iceland, Liechtenstein, Norway, or Switzerland.

18 Jan 2024 00:00 | Published by a Tolley Employment Tax expert

Consultation outcome: UK law reform in transfer pricing, permanent establishment and Diverted Profits Tax

HMRC has published responses to its consultation on proposals to reform the law in relation to transfer pricing, permanent establishment, and Diverted Profits Tax.

17 Jan 2024 00:00 | Published by a Tolley Corporation Tax expert

Consultation: Tax Simplification for Alternative Finance

The government is consulting on proposals to reform the tax treatment of alternative refinancing arrangements.

17 Jan 2024 00:00 | Published by a Tolley Personal Tax expert

HMRC's policy paper on simplification update for January 2024

HMRC has published details of a new Online service for employees to claim tax relief for expenses. In addition the reporting and paying of income Tax and Class 1A National Insurance Contributions (NICs) on benefits in kind via payroll software is to be mandated from April 2026

17 Jan 2024 00:00 | Published by a Tolley Employment Tax expert

Tax news roundup: 16 January 2024

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.

16 Jan 2024 00:00 | Published by a

Weekly roundup of HMRC import, export and customs guidance: 16 January 2024

Details of updates to HMRC import, export and customs guidance for the period from 9 January 2024 to 16 January 2024.

16 Jan 2024 00:00 | Published by a

Weekly Roundup HMRC Manuals: 16 January 2024

16 January 2024 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors

16 Jan 2024 00:00 | Published by a Tolley Corporation Tax expert

CIOT response: Finance Bill 2023-24

The CIOT has published Finance Bill 2023-24 briefings on Corporate Taxes, Evasion and Avoidance, and VAT excise.

12 Jan 2024 00:00 | Published by a Tolley Corporation Tax expert

CIOT response: Income Tax (Digital Requirements)(Amendment) Regulations 2024

The CIOT has responded to the consultation on the draft legislation on Income Tax (Digital Requirements)(Amendment) Regulations 2024

12 Jan 2024 00:00 | Published by a Tolley Personal Tax expert

SI 2024/24 The Value Added Tax (Installation of Energy-Saving Materials) Order 2024

These regulations make changes to the scope of VAT relief on energy-saving materials (ESMs) by reinstating relief for the installation of ESMs in relevant charitable buildings and introducing new categories of ESMs (such as water-source heat pumps).

12 Jan 2024 00:00 | Published by a Tolley Value Added Tax expert

HMRC to waive self-assessment penalties for subpostmasters

Subpostmasters who receive top-up payments under the Horizon Shortfall Scheme will not be subject to penalties or interest where those payments are not received ‘in good time’ to file a tax return by the filing deadline.

11 Jan 2024 00:00 | Published by a Tolley Personal Tax expert

CIOT response: Construction Industry Scheme (CIS) proposed amendments

The CIOT has responded to the HMRC’s technical consultation on the proposed amendments of the Construction Industry Scheme (CIS) regulations, which sets out exceptions to VAT compliance obligations to ensure that Gross Payment Status (GPS) is not refused or removed for minor errors, and exempt certain payments from landlords to tenants from the scope of the CIS.

09 Jan 2024 00:00 | Published by a Tolley Employment Tax expert

Tax news roundup: 8 January 2024

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.

08 Jan 2024 00:00 | Published by a

Popular Articles

Company cars

Company carsIntroductionCompany cars are one of the most common taxable benefits. The rules for calculating the benefit are complex, and the reporting requirements are more onerous than most benefits. Company cars are covered by very specific legislation. Detailed guidance on each of the following

14 Jul 2020 11:15 | Produced by Tolley Read more Read more

Timing of disposal for capital gains tax

Timing of disposal for capital gains taxDate of disposalThe date of the disposal determines the period in which the gain is subject to capital gains tax (CGT). When the rates of CGT change, the determination of the date of disposal can also affect the rate of CGT that applies to the gain.See the

14 Jul 2020 13:50 | Produced by Tolley Read more Read more

Classes of NIC and who pays them

Classes of NIC and who pays themClass 1 NICClass 1 NIC is payable on earnings paid to an employed worker which derive from, or are treated as deriving from, an employed earner’s employment in the UK. There are two kinds of Class 1 NIC, primary contributions for which the employee is liable and

14 Jul 2020 11:13 | Produced by Tolley in association with Jim Yuill at The Yuill Consultancy Read more Read more