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Consultation outcome: Raising standards in tax advice

HMRC has published the outcome and summary of responses to the consultation on Raising standards in tax advice: protecting customers claiming tax repayments. This consultation ran from 22 June 2022 to 14 September 2022.

11 Jan 2023 00:00 | Published by a Tolley Owner-Managed Businesses expert

Updated HMRC guidance on Plastic Packaging Tax

HMRC has updated the ‘Importers of plastic packaging’ section to show that certain types of reusable packaging will not be subject to Plastic Packaging Tax if they are imported into the UK under the Temporary Admission procedure.

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

Finance Act 2023 receives Royal Assent

Finance Act 2023

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

CIOT responses on recent Welsh Government consultations

The Chartered Institute of Taxation (CIOT) has responded to the Welsh Government consultations on a discretionary visitor levy for local authorities and reforming non-domestic rates in Wales.

10 Jan 2023 00:00 | Published by a Tolley Owner-Managed Businesses expert

Weekly roundup of HMRC manual changes: 9 January 2023

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

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

Weekly roundup of HMRC post-Brexit import, export and customs guidance: 9 January 2023

HMRC has updated its import, export and customs guidance to reflect the post-Brexit regime. The update covers the period from 19 December 2022 to 9 January 2023.

09 Jan 2023 00:00 | Published by a

Tax news roundup: 9 January 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.

09 Jan 2023 00:00 | Published by a

Finance Bill to receive Royal Assent on 10 January 2023

The Autumn 2022 Finance Bill has been scheduled to receive Royal Assent on Tuesday 10 January 2023.

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

HMRC yearly average and spot rates

HMRC has published its updated list of yearly average and spot foreign exchange rates for the year to 31 December 2022.

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

SI 2022/1389 The Register of Overseas Entities (Verification and Provision of Information) (Amendment) Regulations 2022

These Regulations amend the Register of Overseas Entities (Verification and Provision of Information) Regulations, SI 2022/725 in relation to certain requirements regarding the verification of information.

05 Jan 2023 00:00 | Published by a

Basis period reform: provisional figure easements and overlap relief

HMRC has provided updates to the CIOT and ATT regarding basis period reform. The updates cover easements for provisional figures, provision of overlap relief figures and HMRC’s communications strategy.

05 Jan 2023 00:00 | Published by a Tolley Personal Tax expert

SI 2022/1359 The Subsidy Control Act 2022 (Commencement) Regulations 2022

These Regulations bring into force on 4th January 2023 those provisions of the Subsidy Control Act 2022 not already in force.

05 Jan 2023 00:00 | Published by a

SI 2022/1344 The Inter-American Investment Corporation (Immunities and Privileges) Order 2022

This order confers the legal capacity of a body corporate on the Inter-American Investment Corporation (“the IICâ€) and grants immunities and privileges to the IIC and its officers and employees.

05 Jan 2023 00:00 | Published by a

Updated HMRC guidance on Making Tax Digital for VAT

HMRC has updated its guidance on Making Tax Digital for VAT.

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

SI 2022/1355 The Proceeds of Crime (Money Laundering) (Threshold Amount) Order 2022

This Order increases from £250 to £1,000 the threshold amount below which certain transactions can be carried out by certain businesses in operating an account for a customer without committing an offence under the Proceeds of Crime Act 2002 (POCA).

05 Jan 2023 00:00 | Published by a

HMRC Stakeholder Digest: 21 December 2022

HMRC’s Stakeholder Digest (21 December 2022) provides a round-up of recent news and updates.

04 Jan 2023 00:00 | Published by a Tolley Personal Tax expert

HMRC publishes new guidance on VAT penalties and interest

HMRC has published multiple guidance notes on changes to VAT penalties and interest charges.

04 Jan 2023 00:00 | Published by a Tolley Value Added Tax expert

Spotlight 61: Disguised remuneration: trusts used to reduce profits and disguise income

HMRC has published Spotlight 61 about tax avoidance schemes that use remuneration trusts to reduce profits and disguise income.

23 Dec 2022 00:00 | Published by a Tolley Corporation Tax expert

Use of Agent Dedicated Line in January

HMRC has advised the ATT that the Agent Dedicated Line (ADL) will only be able to answer questions on complex SA queries in January

22 Dec 2022 00:00 | Published by a Tolley Personal Tax expert

Agent Update: issue 103

HMRC has published Agent Update issue 103 (December 2022) providing a round-up of recent developments and changes to legislation and allowances relating to UK tax for tax agents and advisers

22 Dec 2022 00:00 | Published by a Tolley Corporation Tax expert

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Class 1 v Class 1A

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Fuel-related payments / mileage payments

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