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We understand that following a consultation with members of the Land & Property Liaison Group, HMRC has decided to proceed with changes to the administrative process for option to tax notifications.

The Office of Tax Simplification (OTS) has published its report on the tax complexities driven by hybrid working, including for periods where employees choose to work overseas.

A consultation has been launched seeking views on the draft Transfer Pricing Records Regulations 2023.

HMRC has published draft legislation and a new policy paper on the Electricity Generator Levy.

HMRC has published a non-statutory instrument to legislate the definition of ‘designated cryptoassets’ and include them in the list of investment transactions which qualify for the Investment Manager Exemption.

The OECD is seeking public comments on compliance and co-ordination aspects of the Pillar Two global minimum tax.

The OECD is seeking public comments on the draft Multilateral Convention (MLC) provisions on Digital Services Taxes (DSTs) and other relevant similar measures under Amount A of Pillar One.

HMRC has launched a consultation seeking views on draft guidance on changes to the Research and Development (R&D) tax reliefs.

Following the announcement that the start date for Making Tax Digital (MTD) for Income Tax is to be delayed until 6 April 2026, HMRC has updated its guidance pages. The professional bodies have also commented on the delay.

HMRC has published new guidance on how agencies, employers or workers should complete checks for, or report, potential payroll company fraud.

The ATT has published a new technical article which explores how income tax basis period reform will interact with the averaging rules for farmers and creative artists.

HMRC is increasing the late-payment rate of interest to 6%, and the repayment rate to 2.5%, from 6 January 2023. Interest on quarterly instalment payments of corporation tax is also increased from 26 December 2022.

The freeze to UK alcohol duty rates has been extended six months to 1 August 2023.

HMRC has updated its guidance on how to complete a return if another business exports or converts components in the same accounting period.

The Chancellor has announced that the Spring Budget 2023 will be on 15 March 2023.

The government has announced that mandation of Making Tax Digital for Income Tax (MTD for ITSA) has been delayed until 6 April 2026 at the earliest.

These Regulations increase the land and buildings transaction tax additional dwelling supplement in Scotland from 4% to 6% with effect from 16 December 2022.

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.

Azerbaijan has joined international efforts against tax evasion and avoidance by joining the Inclusive Framework on BEPS.

19 December 2022 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.