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HMRC has launched a technical consultation seeking views on the technical guidance for the government’s new policy on the requirement for large business to notify HMRC when they take an uncertain tax position.

The Chartered Institute of Taxation (CIOT) has responded to the BEIS, HMT and HMRC consultation on Corporate Re-domiciliation.

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

The Welsh Revenue Authority has issued new guidance summarising its approach to dealing with tax avoidance and evasion, including its powers to issue penalties in relation to the devolved taxes.

The Public Bill Committee has completed its work on Finance Bill 2022 and the Bill has been reported with amendments to the House.

HMRC has updated its guidance on the Self-Employment Income Support Scheme (SEISS) to ask self-employed individuals and members of partnerships who were unable to make a claim due to HMRC error to contact HMRC by 28 February 2022.

HMRC is urging tax agents and accountants to remind their clients that COVID-19 support grants or payments are taxable and should be declared on their company tax returns.

HMRC has launched a consultation seeking views on domestic implementation of the OECD Pillar Two rules for a worldwide 15% minimum corporation tax rate for large multinational groups.

The CIOT has published the latest HMRC Stakeholder Digest (6 January 2022) which provides a round-up of the latest news and updates.

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

The Chancellor of the Exchequer has commissioned the Office for Budget Responsibility to produce an economic and fiscal forecast for Wednesday 23 March 2022.

The Welsh Parliament is consulting on a Bill to give Welsh ministers powers to modify the Welsh Taxes Acts for various purposes.

Tunisia has committed to implement the international Standard for Automatic Exchange of Financial Account Information in Tax Matters (AEOI) by 2024, which makes Tunisia the 121st Global Forum member to commit to start AEOI by a specific date, and the tenth African country to do so.

The CIOT has published the latest HMRC Stakeholder Digest (22 December 2021) which provides a round-up of the latest news and updates.

The European Commission has presented proposal of a Directive laying down rules to prevent the misuse of shell entities for tax purposes.

The European Commission has proposed a Directive ensuring a minimum effective tax rate for the global activities of large multinational groups.

In the ever-fast-moving world of tax announcements and developments, this news pulls together some of the key changes announced between 23 December 2021 to 4 January 2022. Our commentary will be updated in due course to reflect these latest developments.

HMRC has updated its Capital versus revenue expenditure toolkit for 2020-21.

The Chancellor has announced additional support for businesses impacted by the Omicron variant.

The OECD has published detailed rules to assist in the implementation of the landmark reform to the international tax system, which will ensure Multinational Enterprises (MNEs) will be subject to a minimum 15% tax rate from 2023.