Ƶ

Tolley works hard to bring you the most up-to-date tax news straight to your inbox. In a dynamic industry it’s important to know when things change. With Tolley’s Tax News you can always be informed giving your clients the most comprehensive information available.

Latest Tax News

Filter icon Filter by tax area

CIOT response on HMT consultation on Sovereign immunity from direct taxation

The CIOT has responded to the HMT consultation on Sovereign immunity from direct taxation.

21 Sep 2022 00:00 | Published by a Tolley Owner-Managed Businesses expert

Energy bill relief scheme published

The UK government has published detail of its new energy price support scheme for non-domestic customers in Great Britain.

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

HMRC publish UK-Luxembourg MOU on arbitration under Part VI of the Multilateral Instrument

HMRC has published the UK-Luxembourg memorandum of understanding (“MOU”) on the arbitration process under Part VI of the Multilateral Instrument.

21 Sep 2022 00:00 | Published by a Tolley Owner-Managed Businesses expert

HMRC updates Employer Bulletin: August 2022

HMRC has updated its Employer Bulletin with a revised start date of the variable payment plan service.

21 Sep 2022 00:00 | Published by a Tolley Employment Tax expert

Weekly roundup of HMRC manual changes: 20 September 2022

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

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

Tax news roundup: 20 September 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.

20 Sep 2022 00:00 | Published by a

Weekly roundup of HMRC post-Brexit import, export and customs guidance: 20 September 2022

HMRC has updated its import, export and customs guidance to reflect the post-Brexit regime. The update covers the period from 12 September 2022 to 20 September 2022.

20 Sep 2022 00:00 | Published by a

Bulgaria ratifies BEPS Multilateral Instrument

Bulgaria has deposited its instrument of ratification for the BEPS Multilateral Instrument.

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

CIOT response to Scottish Government block grant adjustments for tax and welfare devolution

The Chartered Institute of Taxation (CIOT) and Low Incomes Tax Reform Group (LITRG) have responded to the call for evidence on Scottish Government block grant adjustments for tax and welfare devolution. In addition, the closing deadline for responses has been extended to 26 September.

16 Sep 2022 00:00 | Published by a Tolley Owner-Managed Businesses expert

CIOT response to the consultation on protecting customers claiming tax repayments

The CIOT has responded to the HMRC consultation on raising standards in tax advice: protecting customers claiming tax repayments.

15 Sep 2022 00:00 | Published by a Tolley Corporation Tax expert

Update on EU consultation on tax evasion

An information paper on the forthcoming Commission proposal for a directive to tackle the role of enablers involved in facilitating tax evasion and/or aggressive tax planning in the European Union has been prepared for the purposes of a meeting of the members of the Platform for tax good governance.

15 Sep 2022 00:00 | Published by a

Government clarification on approved mileage allowance payments

ICAEW’s Tax Faculty has published the corrected statement made by the government on the amount that employers can reimburse free of income tax and national insurance contributions (NIC) in relation to business mileage for the use of the employee’s own car.

14 Sep 2022 00:00 | Published by a Tolley Employment Tax expert

Advocate General’s opinion on compatibility of UK intra-group transfer rules with EU law

Advocate General Rantos recommends that the Court of Justice of the European Union finds that imposition of an immediate tax charge on asset transfers outside the UK tax net is compatible with EU law.

13 Sep 2022 00:00 | Published by a Tolley Corporation Tax expert

OECD publishes new peer review assessments for making tax dispute resolution more effective

Under BEPS Action 14, jurisdictions committed to implement a minimum standard to improve the resolution of tax-related disputes between jurisdictions. Stage 2 peer review monitoring reports have been released for Aruba, Bahrain, Barbados, Gibraltar, Greenland, Kazakhstan, Oman, Qatar, Saint Kitts and Nevis, Thailand, Trinidad and Tobago, United Arab Emirates and Viet Nam.

13 Sep 2022 00:00 | Published by a Tolley Corporation Tax expert

Tax news roundup: 12 September 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.

12 Sep 2022 00:00 | Published by a

Weekly roundup of HMRC post-Brexit import, export and customs guidance: 12 September 2022

HMRC has updated its import, export and customs guidance to reflect the post-Brexit regime. The update covers the period from 5 September 2022 to 12 September 2022.

12 Sep 2022 00:00 | Published by a

Weekly roundup of HMRC manual changes: 12 September 2022

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

12 Sep 2022 00:00 | Published by a Tolley Corporation Tax expert

Germany: tax treaties

The consolidated text of the 2010 UK-Germany Double Taxation Convention as amended by the 2021 Protocol has been added to the HMRC Germany: tax treaties page.

09 Sep 2022 00:00 | Published by a Tolley Corporation Tax expert

New HMRC guidance: Requirement to correct

HMRC has published additional guidance on the requirement to correct offshore tax non-compliance. The additional guidance supplements the original guidance published in November 2017.

08 Sep 2022 00:00 | Published by a Tolley Trusts and Inheritance Tax expert

2022 Brazil-UK joint declaration

HMRC has published a joint declaration that announces the first round of negotiations for a possible Double Taxation Agreement (DTA) between the UK and Brazil.

08 Sep 2022 00:00 | Published by a Tolley Corporation Tax expert

Popular Articles

Gifts out of surplus income

Gifts out of surplus incomeA valuable exemption from inheritance tax (IHT) applies to gifts out of surplus income. This exemption applies only to lifetime gifts and is therefore a key part of lifetime planning. The exemption applies to both outright gifts and gifts into trust. Gifts which meet the

14 Jul 2020 11:48 | Produced by Tolley in association with Emma Haley at Boodle Hatfield LLP Read more Read more

Definition of a close company

Definition of a close companyThe detailed definition of a close company is set out below, but in summary the rules are targeted at those companies where the owners can manipulate the activities of the company to influence their own tax position. Therefore, broadly speaking, in most cases an

14 Jul 2020 11:24 | Produced by Tolley Read more Read more

Withholding tax

Withholding taxIntroductionUK tax must be withheld on UK payments including:•interest•royalties•rental incomeUK withholding tax may be reduced under the provisions of a double tax treaty (DTT). Prior to 1 June 2021, payments of interest and royalties made to EU resident associated companies were

14 Jul 2020 14:01 | Produced by Tolley Read more Read more