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The Chartered Institute of Taxation (CIOT) has responded to the HM Treasury’s consultation on online sales tax (OST).

HMRC has launched a technical consultation seeking views on draft regulations that will remove a sunset clause from the Hybrid and Other Mismatches rules so that an exemption for certain hybrid instruments issued by banks continues to apply from 1 January 2023.

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

These Regulations amend child benefit and tax credits legislation for various reasons, including to remove a number of temporary easements introduced during the coronavirus pandemic.

HMRC has published Agent Update issue 96 (May 2022) providing a round-up of recent developments for tax agents and advisers.

The President of the First-tier Tax Tribunal (FTT) published a new Practice Direction, which takes effect from 1 June 2022, and gives guidance to the FTT on the types of cases that should normally be allocated to the four categories set out in rule 23 of the Tribunal Procedure (First-tier Tribunal) (Tax Chamber) Rules 2009 (FTT Rules),

HMRC has updated its guidance with information on accounting for VAT on goods sold on board ferries between Great Britain and Northern Ireland.

HMRC has updated its guidance with information about what businesses should do if they make supplies that are exempt from VAT when moving goods from Great Britain to Northern Ireland.

HMRC has updated its guidance with more information about what businesses should do if they are moving their own goods from Northern Ireland to Great Britain.

The Association of Taxation Technicians (ATT) has shared an update from HMRC that it is pausing some Research & Development Tax Credit (RDTC) payments while it investigates some irregular claims.

HMRC has updated its guidance with more information about sales of goods by members of a UK VAT group.

Uzbekistan has joined the Global Forum on Transparency and Exchange of Information for Tax Purposes.

These Regulations amend the Value Added Tax Regulations 1995 by revoking regulations 23A to 23D which require businesses registered for VAT to submit a sales statement to HMRC on certain goods subject to a domestic reverse charge. These statements are known as reverse charge sales lists and by removing this requirement, businesses will no longer have to compile and submit information on a regular basis about their sales of mobile phones and computer chips.

HMRC has updated factsheet CC/FS48 and added new sections to provide more information about the recovery of overclaimed Coronavirus Job Retention Scheme (CJRS) grants.

The consolidated text of the 1993 UK-Ukraine Double Taxation Convention as amended by the 2017 protocol has been added to the tax treaties and related documents between the UK and Ukraine.

The CIOT has shared an HMRC briefing on share sale proceeds where disposal figures declared on taxpayer’s Self-Assessment returns don’t match those declared by the purchasing company.

HMRC has updated its guidance on valuing goods when working out the VAT due when importing goods into the UK with a new section on moving goods into Northern Ireland.

In the Treasury minutes published on 16 May 2022, the government has responded, among other things, to the Public Accounts Committee (PAC) report from session 2021–2022 on HMRC’s management of tax debt.

HMRC has published new factsheet CC/FS57 on the Human Rights Act and DOTAS penalties.

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