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CIOT response: Expanding the cash basis for the self-employed

The CIOT has responded to the HMRC consultation on Expanding the cash basis for the self-employed.

07 Jun 2023 00:00 | Published by a Tolley Employment Tax expert

Technical consultation: Tackling non-compliance in the umbrella company market

HMRC has launched a technical consultation seeking views on policy options to regulate umbrella companies and to tackle non-compliance in the umbrella company market.

07 Jun 2023 00:00 | Published by a Tolley Corporation Tax expert

Employment Related Securities Bulletin 52

HMRC has published Employment Related Securities (ERS) Bulletin 52.

06 Jun 2023 00:00 | Published by a Tolley Employment Tax expert

Charities newsletter 1: June 2023

HMRC has published Charities Newsletter 1 which is a new publication to keep the charities sector informed about relevant updates.

06 Jun 2023 00:00 | Published by a Tolley Corporation Tax expert

HMRC calls for evidence on Non-discretionary tax advantaged share schemes

HMRC has launched a consultation to seek views and gather evidence on the current usage of the Save As You Earn (SAYE) and Share Incentive Plan (SIP) employee share schemes and whether they are effective in achieving their stated policy objectives. The deadline for response is 5 pm on 25 August 2023.

05 Jun 2023 00:00 | Published by a Tolley Corporation Tax expert

Spotlight 62: Dividend diversion scheme used to fund education fees

HMRC has published Spotlight 62 on tax avoidance schemes used by owner managed companies to fund education fees.

05 Jun 2023 00:00 | Published by a Tolley Owner-Managed Businesses expert

Weekly roundup of HMRC manual changes: 5 June 2023

5 June 2023 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

05 Jun 2023 00:00 | Published by a Tolley Trusts and Inheritance Tax expert

Tax news roundup: 5 June 2023

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.

05 Jun 2023 00:00 | Published by a

CIOT response: VAT energy saving materials relief

The Chartered Institute of Taxation (CIOT) has responded to HMRC’s consultation: 'VAT energy saving materials relief - improving energy efficiency and reducing carbon emissions'.

05 Jun 2023 00:00 | Published by a Tolley Value Added Tax expert

Tax transparency rules for crypto-asset transactions (DAC8)

The European Parliament has published a briefing on Tax transparency rules for cryptoasset transactions (DAC8).

01 Jun 2023 00:00 | Published by a Tolley Owner-Managed Businesses expert

Pension schemes newsletter 150 - May 2023

HMRC has published pension schemes newsletter 150.

31 May 2023 00:00 | Published by a Tolley Employment Tax expert

Tax news roundup: 30 May 2023

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.

30 May 2023 00:00 | Published by a

Employment Related Securities Bulletin 51

HMRC has published Employment Related Securities (ERS) Bulletin 51.

30 May 2023 00:00 | Published by a Tolley Employment Tax expert

HMRC Stakeholder Digest: 25 May 2023

HMRC’s Stakeholder Digest (25 May 2023) provides a round-up of recent news and updates.

30 May 2023 00:00 | Published by a Tolley Owner-Managed Businesses expert

Weekly roundup of HMRC manual changes: 30 May 2023

30 May 2023 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

30 May 2023 00:00 | Published by a

Weekly roundup of HMRC import, export and customs guidance: 30 May 2023

Details of updates to HMRC import, export and customs guidance for the period from 22 May 2023 to 30 May 2023.

30 May 2023 00:00 | Published by a

HMRC publishes new guidance on the Economic Crime Levy

HMRC has published two new guidance pages on the economic crime levy (ECL) - the annual charge on entities who are supervised under the Money Laundering Regulations and whose UK revenue exceeds £10·2 million per year.

26 May 2023 00:00 | Published by a Tolley Corporation Tax expert

SI 2023/570 The Income Tax (Accommodation Allowances of Armed Forces) Regulations 2023

These regulations ensure that payments made by the Ministry of Defence to service personnel under the 2022 Contribution in Lieu of Council Tax (“CILOCTâ€) Rebate Scheme are exempt from income tax.

26 May 2023 00:00 | Published by a Tolley Employment Tax expert

Company cars: advisory fuel rates from 1 June 2023

HMRC has published revised advisory fuel rates for company cars which apply from 1 June 2023.

25 May 2023 00:00 | Published by a Tolley Employment Tax expert

Agent update: issue 108

HMRC has published Agent Update issue 108 (24 May 2023) providing a round-up of recent developments and changes to legislation and allowances relating to UK tax for tax agents and advisers.

25 May 2023 00:00 | Published by a Tolley Corporation Tax expert

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Non-trading deficits on loan relationships

Non-trading deficits on loan relationshipsOverview of non-trading deficits (NTDs)When a company’s debits on its non-trading loan relationships and derivative contracts in an accounting period exceed the credits on its non-trading loan relationships and derivative contracts in the same period (the

14 Jul 2020 12:17 | Produced by Tolley Read more Read more

Overseas property businesses for companies

Overseas property businesses for companiesOverviewReal estate income is generally taxed where the property is located; the UK tax treaties generally allow the jurisdiction where the land is located to tax income from the land.Therefore, a UK company with overseas property may be subject to tax in

14 Jul 2020 12:22 | Produced by Tolley in association with Rob Durrant-Walker of Crane Dale Tax, part of AMS Group Read more Read more

Holding companies ― VAT status of activities

Holding companies ― VAT status of activitiesThis guidance note examines how to determine the VAT status of a holding company’s activities. In particular, it looks at:•when a holding company is or is not in business•if a holding company is in business, whether its activities are exempt or taxableThe

14 Jul 2020 17:13 | Produced by Tolley Read more Read more