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HMRC updates Uncertain Tax Treatments by Large Businesses Manual

ICAEW’s tax faculty has highlighted that HMRC’s guidance and tools for the tax treatment of the reimbursement of electricity costs for charging company-provided wholly electric cars conflicts with the law.

HMRC has reviewed its trusts guidance to cover its duty of care where the sharing of trust information with third parties (for example for anti-money laundering purposes) could expose the beneficial owner of the trust to a disproportionate risk of harm.

HMRC’s latest Employer Bulletin highlights the improved digital Form

HMRC has published new factsheet CC/FS72 on corresponding with HMRC by email.

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

HMRC has updated its guidance on claiming Research and development expenditure credit (RDEC) and Research and development (R&D) tax relief.

In the Treasury minutes published on 5 August 2022, the government has responded, among other things, to the Public Accounts Committee (PAC) report from session 2022–2023 on HMRC’s lessons from implementing IR35 reforms.

HMRC has updated its import, export and customs guidance to reflect the post-Brexit regime. The update covers the period from 2 August 2022 to 8 August 2022.

HMRC’s Stakeholder Digest (4 August 2022) provides a round-up of recent news including Legislation Day and HMRC’s annual report and accounts for 2021–22.

HMRC has published its Trusts and Estates Newsletter for August 2022.

HMRC has increased the interest rates for late payments of tax following the Bank of England’s decision on 5 August 2022 to increase the bank base rate from 1.25% to 1.75%.

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.

New guidance sets out HMRC’s response in relation to common errors in the calculation of Coronavirus Job Retention Scheme (CJRS) grants for eligible employees.

The OTS has published a scoping note setting out the themes for its planned call for evidence on the emerging trends and tax implications of hybrid and distance working.

The Tax Chamber President has released updated guidance on the procedure to be followed when a party to a case wishes to rely on oral evidence given by video or telephone from abroad.

The summary of responses on the independent customs regime has been published.

HMRC has published further updated guidance for imports, exports and customs to reflect the post-Brexit regime.

A call for evidence has been published on Scottish Government block grant adjustments for tax and welfare devolution. The consultation closes on 19 September 2022.

Directions have been published setting out HMRC approved methods of delivery for customers and agents submitting Corporate Interest Restriction notices and returns.