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CJEU overturns Fiat Luxembourg state aid decision

The Court of Justice of the European Union has set aside the EU General Court’s judgment and annulled the Commission’s decision in the Fiat Chrysler Finance Europe (

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

SI 2022/1147 The Taxation (International and Other Provisions) Act 2010 Transfer Pricing Guidelines Designation Order 2022

This Order will update the definition of ‘transfer pricing guidelines’ to refer to the 2022 OECD's Transfer Pricing Guidelines. This Order comes into force on 1 January 2023.

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

Rates of interest paid by and to HMRC and the devolved tax authorities reflecting BoE interest rate rise to 3%

HMRC has announced that it will increase its late payment interest rates to reflect the rise in the Bank of England base rate. The Bank of England raised interest rates to 3% on 3 November 2022. Generally HMRC’s late payment interest rate is set, by regulation, at the Bank of England base rate plus 2.5% (other than in respect of corporation tax quarterly instalments). For quarterly instalments payments, HMRC’s interest rate is set at the Bank of England base rate plus 1%.

07 Nov 2022 00:00 | Published by a Tolley Corporation Tax expert

Energy bill support schemes Regulations published

The Department for Business, Energy and Industrial Strategy has issued regulations to implement the energy bill relief schemes in Great Britain and Northern Ireland.

07 Nov 2022 00:00 | Published by a Tolley Corporation Tax expert

CIOT response: Review of hybrid and distance working

The CIOT has responded to the Office of Tax Simplification (OTS) call for evidence on Review of hybrid and distance working.

07 Nov 2022 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC manual changes: 7 November 2022

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

07 Nov 2022 00:00 | Published by a Tolley Corporation Tax expert

OTS to review tax implications of residential property income

The OTS has published a report on the income tax rules for residential property income, exploring the common complexities, issues, and concerns facing taxpayers.

02 Nov 2022 00:00 | Published by a Tolley Corporation Tax expert

Viewing online forms in full before completion

HMRC has launched a new service allowing HMRC online gForms to be viewed in full before completion.

01 Nov 2022 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC manual changes: 31 October 2022

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

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

HMRC campaign on offshore corporates owning UK property

HMRC has informed the CIOT that it is launching a new campaign in November 2022 to tackle non-compliance linked to offshore corporates owning UK property.

28 Oct 2022 00:00 | Published by a Tolley Corporation Tax expert

Saint Christopher (Saint Kitts) and Nevis: tax treaties

The consolidated text of the 1947 UK-Saint Kitts and Nevis Double Taxation Agreement has been added to the HMRC tax treaties page.

28 Oct 2022 00:00 | Published by a Tolley Corporation Tax expert

Updated HMRC guidance on advance assurance applications for venture capital schemes

HMRC has updated its guidance with information on how to apply for advance assurance for all venture capital schemes except Social Investment Tax Relief using the new online form.

27 Oct 2022 00:00 | Published by a Tolley Corporation Tax expert

HMRC Factsheets: Economic Crime and Corporate Transparency Bill 2022

HMRC has added and updated factsheets which provide details of the different measures contained in the Economic Crime and Corporate Transparency Bill.

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

Chancellor pushes back the fiscal statement to 17 November 2022

The Chancellor has announced that the economic statement which was due on 31 October 2022 will now take place on 17 November 2022.

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

Prime Minister Sunak takes office

Rishi Sunak has taken office as the UK’s next Prime Minister following Liz Truss’s resignation.

25 Oct 2022 00:00 | Published by a Tolley Corporation Tax expert

New UK subsidy control regime: information events

HMRC has published details of a series of information events for public authorities on the new UK subsidy control regime.

24 Oct 2022 00:00 | Published by a Tolley Corporation Tax expert

Consultation: Change to HMRC statistics publications

HMRC is consulting on changes to its current suite of statistical publications. The consultation will run until the 16 January 2023.

24 Oct 2022 00:00 | Published by a Tolley Corporation Tax expert

HMRC guidance on what to do if a tax agent’s business is changing

HMRC has published new guidance on what tax agents need to tell HMRC if their business is changing in some way.

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

Consultation: Draft regulations: The Platform Operators (Due Diligence and Reporting Requirements) Regulations

HMRC has launched a consultation on the draft regulations to implement the Organisation for Economic Co-operation and Development’s (OECD’s) Model Reporting Rules for Digital Platforms.

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

SI 2022/1055 The Double Taxation Relief and International Tax Enforcement (Luxembourg) Order 2022

These Regulations bring into effect 2022 Convention and Protocol Arrangements between the UK and the government of Luxembourg, which was signed on 7 June 2022.

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

Popular Articles

Company cars

Company carsIntroductionCompany cars are one of the most common taxable benefits. The rules for calculating the benefit are complex, and the reporting requirements are more onerous than most benefits. Company cars are covered by very specific legislation. Detailed guidance on each of the following

14 Jul 2020 11:15 | Produced by Tolley 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

Winding up a trust ― legal, administrative and compliance issues

Winding up a trust ― legal, administrative and compliance issuesOverviewWhen winding up a trust, there are legal formalities and compliance issues that need to be dealt with, as well as IHT and CGT consequences that flow from the termination. This guidance note considers when and how a trust comes

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