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SI 2023/827 The Insurance Premium Tax (Amendment) Regulations 2023

These Regulations remove forms used in the administration of insurance premium tax from secondary legislation so that they can instead be issued directly by HMRC.

20 Jul 2023 00:00 | Published by a

Agent Update: issue 110

HMRC has published Agent Update issue 110 (19 July 2023) providing a round-up of recent developments and changes to legislation and allowances relating to UK tax for tax agents and advisers.

20 Jul 2023 00:00 | Published by a Tolley Corporation Tax expert

Basis Period Reform: support from HMRC with overlap relief

The ATT have shared an update from HMRC that an online tool will be launched on 29 August 2023 allowing businesses, the self-employed and their agents to request details of overlap profits where that data is held by HMRC.

19 Jul 2023 00:00 | Published by a Tolley Owner-Managed Businesses expert

SI 2023/812 The National Insurance Contributions Act 2022 (Freeports and Investment Zones) (Consequential Amendments) Regulations 2023

This instrument makes consequential amendments in light of the F(No 2)A 2023 changes that provide for NIC relief in investment zones.

19 Jul 2023 00:00 | Published by a Tolley Employment Tax expert

Convention on Social Security Coordination between Iceland, Liechtenstein, Norway and the United Kingdom of Great Britain and Northern Ireland

This treaty was presented to Parliament in July 2023. The explanatory memorandum provides information on the Convention on Social Security Coordination between Iceland, the Principality of Liechtenstein, the Kingdom of Norway, and the United Kingdom of Great Britain and Northern Ireland.

19 Jul 2023 00:00 | Published by a Tolley Employment Tax expert

CIOT response: The Tax Administration Framework Review: information and data

The CIOT has responded to the HMRC consultation on The Tax Administration Framework Review: information and data.

19 Jul 2023 00:00 | Published by a Tolley Owner-Managed Businesses expert

SI 2023/813 The Relief for Research and Development (Content of Claim Notifications, Additional Information Requirements and Miscellaneous Amendments) Regulations 2023

These Regulations specify the information to be provided by companies in support of their claims for research and development tax reliefs (“R&D tax reliefs”) and detail digital filing requirements.

19 Jul 2023 00:00 | Published by a Tolley Corporation Tax expert

Treasury Minutes: July 2023 – Government response on managing tax compliance following the pandemic

In the Treasury minutes published on 17 July 2023, the government has responded, among other things, to the Public Accounts Committee (PAC) report from session 2022-23 on managing tax compliance following the COVID-19 pandemic.

18 Jul 2023 00:00 | Published by a Tolley Corporation Tax expert

OECD Secretary-General tax report to G20 Finance ministers

The OECD secretary-general tax report to G20 Finance Ministers and Central Bank Governors has been published.

18 Jul 2023 00:00 | Published by a Tolley Corporation Tax expert

Government publishes draft legislation for next Finance Bill

Hot on the heels of

18 Jul 2023 00:00 | Published by a Tolley Corporation Tax expert

CIOT response: the Tax Administration Framework review: creating innovative change through new legislative pilots

The CIOT has responded to HMRC’s consultation on ‘The Tax Administration Framework Review: Creating innovative change through new legislative pilots’ which considers an option to test new policies or processes by making them available in a temporary online environment to a discrete group of taxpayers.

18 Jul 2023 00:00 | Published by a Tolley Owner-Managed Businesses expert

OECD invites public comments on technical aspects of Amount B under Pillar One

The OECD invites public input on Amount B under Pillar One relating to the simplification of transfer pricing rules.

18 Jul 2023 00:00 | Published by a Tolley Corporation Tax expert

Tax news roundup: 17 July 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.

17 Jul 2023 00:00 | Published by a

Weekly Roundup HMRC Manuals: 17 July 2023

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

17 Jul 2023 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC import, export and customs guidance: 17 July 2023

Details of updates to HMRC import, export and customs guidance for the period from 10 July 2023 to 17 July 2023.

17 Jul 2023 00:00 | Published by a

South Yorkshire named as first UK Investment Zone

South Yorkshire has been named as the UK’s first Investment Zone focused on Advanced manufacturing.

17 Jul 2023 00:00 | Published by a Tolley Owner-Managed Businesses expert

Updated guidance on how VAT affects charities (VAT Notice 701/1)

HMRC has updated VAT Notice 701/1 to add a new section on validity of the certificates issued to get certain construction works at zero rate and to update information in relation to the stage 2 test.

14 Jul 2023 00:00 | Published by a Tolley Value Added Tax expert

Downloadable paper CGT property return trial extended

The CIOT has published HMRC’s announcement that the downloadable paper CGT property return trial has been extended until the end of September 2023.

14 Jul 2023 00:00 | Published by a Tolley Personal Tax expert

SI 2023 /772 The Post Office Horizon Shortfall Scheme Top-Up Payments (Tax Exemptions) Regulations 2023 and SI 2023/773 The Social Security (Contributions) (Amendment No. 5) Regulations 2023

These Regulations exempt certain top-up payments made under the Post Office Limited’s Horizon Shortfall Scheme (HSS) from income tax, capital gains tax and Class 1 NICs.

11 Jul 2023 00:00 | Published by a Tolley Employment Tax expert

Weekly roundup of HMRC manual changes: 10 July 2023

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

10 Jul 2023 00:00 | Published by a Tolley Corporation Tax expert

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First year allowances

First year allowancesFirst year allowances (FYAs) are available on the following items:•first-year relief on qualifying new main rate plant and machinery (at 100%, which is described by HMRC as ‘full expensing’) and special rate assets (at 50%) from 1 April 2023 (companies only). These FYAs were

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