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Spring Budget 2023: new investment allowances and relaxation of pension restrictions

The Chancellor’s Budget on 15 March 2023 included several new announcements, and brought together previously published proposals, many of which will be legislated in the Spring Finance Bill.

15 Mar 2023 00:00 | Published by a Tolley Corporation Tax expert

Updated HMRC guidance on money laundering supervision

HMRC has updated its guidance on helping to prevent money laundering and terrorist financing for a trust or company service provider.

14 Mar 2023 00:00 | Published by a Tolley Corporation Tax expert

CIOT and ATT response: R&D Tax Reliefs Review: Consultation on a single scheme

The CIOT and ATT have responded to the HMRC consultation R&D Tax Reliefs Review: Consultation on a single scheme.

14 Mar 2023 00:00 | Published by a Tolley Corporation Tax expert

SI 2023/293 The Research and Development (Prescribed Activities) Regulations 2023

These Regulations revoke and replace SI 2004/712 (Research and Development (Prescribed Activities) Regulations) to ensure that the legislation refers to the latest iteration of the applicable R&D guidelines –  the BEIS guidelines 2023.

13 Mar 2023 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC post-Brexit import, export and customs guidance: 13 March 2023

HMRC has updated its import, export and customs guidance to reflect the post-Brexit regime. The update covers the period from 7 March 2023 to 13 March 2023.

13 Mar 2023 00:00 | Published by a

Tax news roundup: 13 March 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.

13 Mar 2023 00:00 | Published by a

Weekly roundup of HMRC manual changes: 13 March 2023

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

13 Mar 2023 00:00 | Published by a Tolley Corporation Tax expert

Updated HMRC guidance on completing a VAT Return to account for import VAT

HMRC has updated its guidance on how to account for import VAT on a VAT Return if postponed VAT accounting is used.

10 Mar 2023 00:00 | Published by a Tolley Value Added Tax expert

Angola joins Global Forum as 166th member

Angola has become the 166th member – and 35th African member – of the Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum).

09 Mar 2023 00:00 | Published by a Tolley Corporation Tax expert

Welsh Parliament approves Welsh Rate Resolution

Welsh Parliament approves Welsh Rate Resolution

09 Mar 2023 00:00 | Published by a Tolley Owner-Managed Businesses expert

Kyrgyzstan: tax treaties

HMRC has reviewed its UK-Kyrgyz Republic tax treaty page to correct an error.

09 Mar 2023 00:00 | Published by a Tolley Corporation Tax expert

HMRC Stakeholder Digest: 8 March 2023

HMRC’s Stakeholder Digest (8 March 2023) provides a round-up of recent news and updates.

09 Mar 2023 00:00 | Published by a Tolley Employment Tax expert

Updated VAT Notice 708/6: Energy-saving materials and heating equipment

HMRC has updated its VAT notice on installing energy-saving materials and grant-funded heating equipment.

08 Mar 2023 00:00 | Published by a Tolley Value Added Tax expert

SI 2023/264 The Individual Savings Account (Amendment) Regulations 2023

These Regulations amend the Individual Savings Account (ISA) Regulations, SI 1998/1870 (the principal Regulations) to relax certain rules on assets which can be held within (or returned to) the ISA wrapper, and to provide further safeguards for investors where a provider loses its approved status.

08 Mar 2023 00:00 | Published by a Tolley Personal Tax expert

Taxpayers given more time for voluntary National Insurance contributions

The government has extended the voluntary National Insurance (NI) contribution deadline to 31 July 2023 to give taxpayers more time to fill gaps in their NI record and help increase the amount they receive in State Pension.

08 Mar 2023 00:00 | Published by a Tolley Employment Tax expert

HMRC publishes new guidance notes on charging VAT on goods sold direct to customer in the UK

HMRC has published three new guidance notes on charging VAT on goods sold direct to customers in the UK.

08 Mar 2023 00:00 | Published by a Tolley Value Added Tax expert

HMRC publishes new guidance on Off-payroll working

HMRC has published multiple new guidance notes on Off-payroll working for intermediaries, contractors and clients.

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

Spring Finance Bill 2023 to be published on 23 March 2023

The UK government intends to publish the Spring Finance Bill 2023 on 23 March 2023.

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

Revenue and Customs Brief 3 (2023): changes to VAT treatment of local authority leisure services

HMRC has published a new Brief setting out a change to the VAT treatment of leisure services provided by local authorities.

06 Mar 2023 00:00 | Published by a Tolley Value Added Tax expert

Tax news roundup: 6 March 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.

06 Mar 2023 00:00 | Published by a

Popular Articles

Foreign tax relief

Foreign tax reliefIncome and gains may be taxable in more than one country. The UK has three ways of ensuring that the individual does not bear a double burden:1)treaty tax relief may reduce or eliminate the double tax2)if there is no treaty, the individual can claim ‘unilateral’ relief by deducting

14 Jul 2020 11:44 | Produced by Tolley Read more Read more

Taxation of dividend income

Taxation of dividend incomeIntroductionA dividend is a distribution of profit by a company to its shareholders.A dividend is not only a payment in cash. It can be the issue of new shares in exchange for forfeiting the right to a cash payment (a stock dividend). For more detail, see the Cash

14 Jul 2020 13:48 | Produced by Tolley Read more Read more

Subsistence expenses

Subsistence expensesIntroductionSubsistence is the amount incurred as a consequence of business travel. Typically it relates to accommodation and meal costs incurred. These amounts are allowed because they are associated with the necessary travel which is not to a permanent workplace. See the Travel

14 Jul 2020 13:43 | Produced by Tolley in association with Philip Rutherford Read more Read more