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Weekly roundup of HMRC manual changes – 6 June 2022

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

06 Jun 2022 00:00 | Published by a Tolley Corporation Tax expert

CIOT responds to OTS call for evidence on the review of property income

The Chartered Institute of Taxation (CIOT) has responded to the OTS call for evidence on the review of property income.

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

OECD consultation on tax certainty aspects under Amount A of Pillar One

The OECD is seeking public comments on two consultation documents relating to tax certainty under Pillar One.

30 May 2022 00:00 | Published by a Tolley Corporation Tax expert

HMRC guidance on super-deduction or special rate first year allowances

HMRC has published new guidance on the super-deduction and the special rate first year (SR) allowance.

30 May 2022 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC manual changes: 30 May 2022

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

30 May 2022 00:00 | Published by a Tolley Corporation Tax expert

OECD publishes comments on the regulated financial services exclusion under Amount A of Pillar One

The OECD has published responses to the consultation on the regulated financial services exclusion under Amount A of Pillar One.

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

China deposits an instrument for the approval of the Multilateral BEPS Convention

China has deposited its instrument of ratification with the OECD for the BEPS Multilateral Convention.

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

OECD Pillar One implementation delayed

OECD Secretary-General Mathias Cormann has told the World Economic Forum in Davos that the agreement needed to finalise Pillar 1 is likely to be delayed, resulting in practical implementation taking place from 2024 rather than 2023.

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

Chancellor announces energy profits levy on oil and gas profits

The UK Government has outlined its proposals for a windfall tax on the extraordinary profits of oil and gas companies which will be used to support those most heavily affected by the increased cost of living.

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

Delays in Research & Development Tax Credit (RDTC) payments

HMRC has informed the CIOT that the pause in some RDTC payments continues while HMRC investigates some irregular claims, which means delays to the usual processing times.

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

SI 2022/572 The Alternative Finance (Income Tax, Capital Gains Tax and Corporation Tax) Order 2022

This Order widens the scope of tax legislation applying to alternative finance arrangements, specifically the purchase and resale arrangements and the diminishing shared ownership arrangements. The Order will allow both Home Purchase Plan providers that are not financial institutions but are regulated by the Financial Conduct Authority (FCA) and certain alternative finance arrangements facilitated through FCA-regulated peer-to-peer platforms to come within the scope of provisions for alternative finance arrangements.

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

Consultation on expanding the investment transactions list

HMRC has launched a consultation seeking views on the inclusion of cryptoassets in the investment transactions list of asset types used for the purposes of the Investment Manager Exemption (IME) and certain fund tax regimes. The consultation will run from 23 May 2022 to 18 July 2022.

23 May 2022 00:00 | Published by a Tolley Corporation Tax expert

CIOT/ATT response: Consultation on online sales tax

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

23 May 2022 00:00 | Published by a Tolley Corporation Tax expert

Technical consultation: amendment to the hybrid and other mismatches rules

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 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC manual changes: 23 May 2022

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

23 May 2022 00:00 | Published by a Tolley Corporation Tax expert

Agent update: issue 96

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

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

HMRC update on R&D payment delays

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.

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

Uzbekistan joins Global Forum on Transparency and Exchange of Information for Tax Purposes

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

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

CC/FS48 - Penalties for not telling HMRC about Coronavirus Job Retention Scheme grant overpayments

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.

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

HMRC publishes updated UK-Ukraine double taxation convention

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.

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

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