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HMRC to proceed with changes to administrative process for option to tax notifications

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.

21 Dec 2022 00:00 | Published by a Tolley Value Added Tax expert

OTS publishes report on hybrid and distance working

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.

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

HMRC consultation: The Transfer Pricing Records Regulations 2023

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

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

Electricity Generator Levy draft legislation and policy paper published

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

21 Dec 2022 00:00 | Published by a

Non-Statutory Instrument secondary legislation: the Investment Manager (Investment Transactions) (Cryptoassets) Regulations 2022

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.

21 Dec 2022 00:00 | Published by a

OECD consultation on compliance and tax certainty aspects of global minimum tax

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

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

OECD consultation on digital services taxes under Amount A of Pillar One

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.

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

HMRC consultation: Draft guidance on Research and Development (R&D) tax reliefs

HMRC has launched a consultation seeking views on draft guidance on changes to the Research and Development (R&D) tax reliefs.

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

Updated HMRC guidance on Making Tax Digital for Income Tax

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.

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

HMRC publishes new guidance on payroll company fraud

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

20 Dec 2022 00:00 | Published by a Tolley Owner-Managed Businesses expert

New technical article on basis period reform and averaging

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.

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

HMRC updates interest rates following Bank of England decision

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.

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

Government announces six-month extension to alcohol duty freeze

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

20 Dec 2022 00:00 | Published by a

Updated HMRC guidance on Plastic Packaging Tax

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

19 Dec 2022 00:00 | Published by a Tolley Value Added Tax expert

Spring Budget 2023 date announced

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

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

Mandation of Making Tax Digital for Income Tax delayed

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.

19 Dec 2022 00:00 | Published by a Tolley Owner-Managed Businesses expert

Land and Buildings Transaction Tax (additional amount: transactions relating to second homes etc) (Scotland) Amendment Order, SSI 2022/375

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

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

Tax news roundup: 19 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.

19 Dec 2022 00:00 | Published by a

Azerbaijan joins the Inclusive Framework on BEPS

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

19 Dec 2022 00:00 | Published by a

Weekly roundup of HMRC manual changes: 19 December 2022

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

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

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