½Û×ÓÊÓÆµ

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

Update to the account name for payment of the soft drinks industry levy and the plastic packaging tax

The account name for online or telephone banking, CHAPS or Bacs and overseas payments has been updated to ‘HMRC General BT Receipts’.

01 Sep 2022 00:00 | Published by a

Pension schemes newsletter 142: August 2022

HMRC has published pension schemes newsletter 142.

31 Aug 2022 00:00 | Published by a Tolley Corporation Tax expert

HMRC names tax avoidance promoting directors for the first time

HMRC has used new powers to publicly name directors of tax avoidance promoting companies for the first time. Saxonside Ltd and its director, Adam Fathers, have been named in addition to director of The Umbrella Agency Ltd, Stuart John Brooke. HMRC warns customers to leave the firms’ schemes or risk large tax bills. HMRC’s Director of Counter Avoidance, Mary Aiston, stated this should serve as a ‘stark warning’ and that HMRC will continue to use all powers to ‘crack-down’ on promoters.

31 Aug 2022 00:00 | Published by a

Tax news roundup: 30 August 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.

30 Aug 2022 00:00 | Published by a

Weekly roundup of HMRC post-Brexit import, export and customs guidance: 30 August 2022

HMRC has updated its import, export and customs guidance to reflect the post-Brexit regime. The update covers the period from 22 August 2022 to 30 August 2022.

30 Aug 2022 00:00 | Published by a

Weekly roundup of HMRC manual changes: 30 August 2022

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

30 Aug 2022 00:00 | Published by a Tolley Personal Tax expert

OECD publishes comments on the progress report under Amount A of Pillar One

The OECD has published the public comments received on the Progress Report on Amount A of Pillar One.

26 Aug 2022 00:00 | Published by a Tolley Corporation Tax expert

Spotlight 60: Warning for agency workers and contractors employed by umbrella companies

HMRC has published Spotlight 60 highlighting certain tax avoidance arrangements used by some umbrella companies.

26 Aug 2022 00:00 | Published by a Tolley Corporation Tax expert

Updated HMRC guidance on making tax digital for income tax

HMRC has updated its Making Tax Digital (MTD) for income tax guidance pages to add information for taxpayers in relation to meeting the MTD for Income Tax requirements by 6 April 2024.

26 Aug 2022 00:00 | Published by a Tolley Owner-Managed Businesses expert

Updated HMRC guidance on penalties for trusts

HMRC has updated its guidance for trustees and agents with information on penalties due to late registration or failure to register.

26 Aug 2022 00:00 | Published by a Tolley Trusts and Inheritance Tax expert

Notices under Schedule 7A of the Taxation (International and Other Provisions) Act (TIOPA) 2010

HMRC has published a notice which applies to all corporate interest restriction returns (and revised returns) filed with HMRC on or after 1 October 2022. This notice specifies what information must be included in a return and has the force of law.

26 Aug 2022 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC manual changes: 22 August 2022

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

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

Weekly roundup of HMRC post-Brexit import, export and customs guidance: 22 August 2022

HMRC has updated its import, export and customs guidance to reflect the post-Brexit regime. The update covers the period from 15 August 2022 to 22 August 2022.

22 Aug 2022 00:00 | Published by a

Tax news roundup: 22 August 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.

22 Aug 2022 00:00 | Published by a

HMRC Stakeholder Digest: 17 August 2022

HMRC’s Stakeholder Digest (17 August 2022) provides a round-up of recent news including various reminders for 2021–22.

19 Aug 2022 00:00 | Published by a Tolley Personal Tax expert

Agent Update: issue 99

HMRC has published Agent Update issue 99 (August 2022) providing a round-up of recent developments for tax agents and advisers.

18 Aug 2022 00:00 | Published by a Tolley Corporation Tax expert

CIOT response to the OECD consultation on the Progress Report on Amount A of Pillar One

CIOT response to the OECD consultation on the progress report on Amount A of Pillar One.

18 Aug 2022 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC post-Brexit import, export and customs guidance: 16 August 2022

HMRC has updated its import, export and customs guidance to reflect the post-Brexit regime. The update covers the period from 9 August 2022 to 16 August 2022.

16 Aug 2022 00:00 | Published by a

Tax news roundup: 16 August 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.

16 Aug 2022 00:00 | Published by a

Weekly roundup of HMRC manual changes: 16 August 2022

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

15 Aug 2022 18:30 | Published by a Tolley Corporation Tax expert

Popular Articles

Relief for employee share schemes

Relief for employee share schemesRemuneration expenses are generally deductible for corporation tax purposes as they are considered to be incurred wholly and exclusively for the purposes of the trade. However, expenses relating to shares are usually classed as capital and are therefore not

14 Jul 2020 13:21 | Produced by Tolley Read more Read more

Corporate interest restriction ― administrative aspects

Corporate interest restriction ― administrative aspectsThe corporate interest restriction (CIR) regime has some specific administrative rules in addition to the general administrative requirements for corporation tax returns. This guidance note does not include commentary on provisions that are

14 Jul 2020 11:19 | Produced by Tolley Read more Read more

Self assessment ― estimates and provisional figures

Self assessment ― estimates and provisional figuresIf the taxpayer does not have sufficient information to enable them to complete the tax return in the time allowed, they should include either a best estimate or a provisional figure. The taxpayer should not either leave a box blank or enter

14 Jul 2020 13:37 | Produced by Tolley Read more Read more