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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

Pension schemes newsletter 139: May 2022

HMRC has published pension schemes newsletter 139, to update stakeholders on the latest news and updates regarding pension schemes.

31 May 2022 00:00 | Published by a Tolley Employment 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

Advisory fuel rates from 1 June 2022

HMRC has published revised advisory fuel rates for company cars which apply from 1 June 2022.

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

Updated HMRC guidance on mini umbrella company fraud

HMRC has updated its guidance with information on what it is doing about mini umbrella fraud.

26 May 2022 00:00 | Published by a Tolley Employment 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

SI 2022/555 The Tax Credits and Child Benefit (Miscellaneous Amendments) Regulations 2022

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.

20 May 2022 00:00 | Published by a Tolley Employment 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

CC/FS57: Compliance checks factsheets: The Human Rights Act and DOTAS penalties

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

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

Weekly roundup of HMRC manual changes: 16 May 2022

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

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

HMRC Stakeholder Digest: 11 May 2022

HMRC’s Stakeholder Digest (11 May 2022) provides a round-up of the latest news and updates including information on financial support for SME businesses, tax-free childcare, tax credit renewals, Moscow stock exchange status, guidance on tax on tips, gratuities and service charges, EU import controls and data on transfer pricing and Diverted Profits Tax.

16 May 2022 00:00 | Published by a Tolley Employment Tax expert

Welsh and UK governments agree to establish freeports in Wales

The Welsh government has reached an agreement with the UK government on the establishment of freeports in Wales.

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

SI 2022/526 The National Insurance Contributions (Application of Part 7 of the Finance Act 2004) (Amendment) Regulations 2022

These Regulations extend the effect of the DOTAS provisions in FA 2021, which allow HMRC to issue notices where it reasonably suspects that arrangements are notifiable tax arrangements, to NICs arrangements.

12 May 2022 00:00 | Published by a Tolley Employment Tax expert

SI 2022/529 The Income Tax (Exemption of Social Security Benefits) Regulations 2022

These Regulations will exempt three new social security payments from income tax with retrospective effect from the date of their respective introductions.

12 May 2022 00:00 | Published by a Tolley Employment Tax expert

Queen's Speech 2022: highlights

Opening the 2022–23 Parliamentary session on 10 May 2022, the Queen's Speech set out the UK Government's legislative priorities including the following:

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

HMRC increases late-payment interest rates

HMRC has increased the interest rates for late payments of tax following the Bank of England’s decision on 5 May 2022 to increase the bank base rate from 0.75% to 1%.

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

Weekly roundup of HMRC manual changes: 9 May 2022

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

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

Final Direction for mandating format of claims for employment expenses

HMRC has published the final direction for mandating the format of claims for employment expenses.

06 May 2022 00:00 | Published by a Tolley Employment Tax expert

Weekly roundup of HMRC manual changes: 2 May 2022

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

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

HMRC's Guaranteed Minimum Pension (GMP) equalisation tax treatment

The Pensions and Lifetime Savings Association (PLSA) has issued additional information on HMRC’s GMP equalisation guidance on pensions tax considerations when equalising benefits for the effects of inequalities in GMPs. PLSA clarifies the tax treatment of the interest element, particularly in relation to tax due and responsibilities of pension schemes to deduct the tax due at the source.

26 Apr 2022 00:00 | Published by a Tolley Employment Tax expert

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Losses on shares set against income

Losses on shares set against incomeUsually, allowable capital losses can only be set against chargeable gains. If the losses are not fully utilised against gains in the year in which they arise, the excess is carried forward to use against future gains. See the Use of capital losses guidance note

14 Jul 2020 12:12 | Produced by Tolley Read more Read more

What are connected companies for loan relationship purposes ― practical approach

What are connected companies for loan relationship purposes ― practical approachBrief overview of the rulesThe loan relationships legislation applies to any ‘money debt’ arising from the lending of money entered into by a company, either as a lender or borrower. The rules are contained in CTA 2009,

20 Apr 2021 16:00 | Produced by Tolley Read more Read more

Real estate investment trusts (REITs)

Real estate investment trusts (REITs)Introduction to REITsA real estate investment trust (REIT) is in fact not a trust at all, it is a company which qualifies for special tax treatment under CTA 2010, Part 12. REITs are similar in many ways to collective fund vehicles (such as unit trusts) in that

14 Jul 2020 13:04 | Produced by Tolley in association with Rob Durrant-Walker of Crane Dale Tax Read more Read more