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HMRC’s Stakeholder Digest (23 March 2022) provides a round-up of the latest news and updates including information on the Spring Statement, introduction of Plastic Packaging Tax and closure of the Statutory Sick Pay Rebate Scheme (SSP).

The Chancellor delivered his Spring Statement on 23 March 2022, detailing several new tax announcements.

The Supreme Court has published its judgment in Commissioners for Her Majesty's Revenue and Customs (Appellant) v NCL Investments Ltd and another (Respondent). The Supreme Court unanimously dismisses the appeal. The judgment is given by Lord Hamblen and Lady Rose, with whom Lord Reed, Lord Briggs and Lord Sales agree.

HMRC has published Employment Related Securities Bulletin 41 for March 2022.

These Regulations make consequential and miscellaneous amendments, and modifications, to existing pensions legislation in relation to collective money purchase schemes.

HMRC is making changes to the process for claiming tax relief for employment expenses by post.

The CIOT has responded to HMRC’s call for evidence on Income Tax Self Assessment registration for the self-employed and landlords.

These Regulations make provisions in consequence of the Social Security Benefits Up-rating Order, SI 2022/292 which provides for the annual up-rating of social security benefits.

These Regulations make amendments to the Child Benefit (General) Regulations, SI 2006/223 and the Tax Credits (Definition and Calculation of Income) Regulations, SI 2002/2006 to ensure that persons who left Ukraine in connection with the Russian invasion on 24 February 2022 are exempt from the requirement to have been living in the UK for at least three months before becoming entitled to Child Benefit. They will also ensure that payments under the Homes for Ukraine scheme are disregarded for the purposes of calculating entitlement to tax credits.

The Order fulfils the statutory duty of the Secretary of State to review the rates of social security benefits and provides for the up-rating of certain benefits.

HMRC has announced that the interest rates for late payments will be revised following the Bank of England’s interest rate rise from 0.50% to 0.75%.

These Regulations increase the special rate of Class 2 NICs payable by share fishermen to £3.80 per week from 6 April 2022.

These Regulations extend the income tax exemption for employer-provided or reimbursed coronavirus tests for the 2022–23 tax year.

These Regulations extend the current NICs disregard for employer-provided or employer-reimbursed coronavirus tests for the tax year 2022–23.

The Government of Jersey has stated that all forms of tax cooperation with Russia are suspended with immediate effect. The Minister for External Relations and Financial Services, Senator Ian Gorst, stated that Jersey should not be providing the Russian government with information that can be used to increase its tax revenues. This suspension follows from a similar announcement from the UK government on Thursday 17 March 2022.

These Regulations temporarily modify the formulae used to calculate the NICs annual maxima, as a consequence of the 1.25 percentage point increase in NICs rates for the tax year 2022–23.

These regulations make provision in relation to the zero-rate of secondary National Insurance contributions (NICs) available to freeport employers and employers of armed forces veterans to ensure that an employment that is eligible for multiple rates of NICs, but to which HMRC has not assigned the relevant NICs category letters because of the small numbers involved, can still benefit from the relief.

These Regulations make provision in relation to the zero-rate of secondary National Insurance contributions (NICs) available in freeport tax sites where employees’ time spent at the freeport site is limited due to a protected characteristic.

HMRC has published Agent Update issue 94 (March 2022) providing a round-up of recent developments for tax agents and advisers.

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