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Updated HMRC guidance: Statutory Sick Pay Rebate Scheme

HMRC has updated its guidance to confirm that the Coronavirus Statutory Sick Pay Rebate Scheme closes for coronavirus related absences after 17 March 2022.

24 Feb 2022 00:00 | Published by a Tolley Employment Tax expert

Finance Act 2022 receives Royal Assent

Finance Act 2022

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

Company cars: advisory fuel rates from 1 March 2022

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

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

CIOT response: umbrella company market call for evidence

The Chartered Institute of Taxation (CIOT) has responded to HM Treasury’s call for evidence on the role that umbrella companies play in the labour market, and how they interact with the tax system.

23 Feb 2022 00:00 | Published by a Tolley Employment Tax expert

CIOT response: business rates review technical consultation

The CIOT has responded to the Department for Levelling Up, Housing and Communities (DLUHC) and HM Treasury’s technical consultation on the business rates review.

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

Weekly roundup of HMRC manual changes: 21 February 2022

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

21 Feb 2022 00:00 | Published by a Tolley Corporation Tax expert

CIOT response: modernising tax debt collection from non-paying businesses

The Chartered Institute of Taxation (CIOT) has responded to HMRC’s consultation on modernising tax debt collection from non-paying businesses.

21 Feb 2022 00:00 | Published by a Tolley Corporation Tax expert

CIOT response: The draft Social Security Contributions (Freeports) Regulations 2022

The CIOT has responded to HMRC’s consultation on the draft Social Security Contributions (Freeports) Regulations 2022 which will maintain the new NICs relief where an employee’s time spent at a freeport site is limited due to a protected characteristic.

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

Consultation: DOTAS - The National Insurance Contributions (Application of Part 7 of the Finance Act 2004) (Amendment) Regulations 2022

HMRC has launched a consultation seeking views on draft regulations for the DOTAS National Insurance Contributions (NIC) regime, which amends the existing DOTAS NIC regulations. The main legislation is contained in the National Insurance Contributions Bill 2022.

17 Feb 2022 00:00 | Published by a Tolley Employment Tax expert

Agent Update: issue 93

HMRC has published Agent Update issue 93 (February 2022) providing a round-up of recent developments for tax agents and advisers.

17 Feb 2022 00:00 | Published by a Tolley Corporation Tax expert

Ground-breaking deal to establish two new Green Freeports in Scotland

The UK and Scottish governments have made a landmark agreement to establish 2 new Green Freeports in Scotland.

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

Employer Bulletin: February 2022

HMRC has published its bi-monthly magazine providing the latest information on payroll-related topics for employers and agents.

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

HMRC guidance for employers on claiming NICs relief for veterans

HMRC has published new guidance that provides information on how and when employers can claim NICs relief on the earnings of qualifying veterans.

15 Feb 2022 00:00 | Published by a Tolley Corporation Tax expert

Technical consultation: The Alternative Finance (Income Tax, Capital Gains Tax and Corporation Tax) Order 2022

HMRC has launched a technical consultation seeking views on draft regulations, which will widen the scope of the tax legislation applying to alternative finance arrangements. The consultation runs until 11 March 2022.

14 Feb 2022 00:00 | Published by a Tolley Corporation Tax expert

HMRC Stakeholder Digest: 10 February 2022

The CIOT has published the latest HMRC Stakeholder Digest (10 February 2022) which provides a round-up of the latest news and updates on Making Tax Digital for VAT, CJRS and umbrella company market.

14 Feb 2022 00:00 | Published by a Tolley Corporation Tax expert

Finance Bill 2022: summary of amendments

A House of Lords Library briefing paper summarises all stages in the Finance Bill’s progress through Parliament with details of all agreed amendments, together with the Lords’ Economic Affairs Finance Bill Sub-committee’s views on basis period reform and the new requirement for large businesses to notify uncertain tax treatments to HMRC.

14 Feb 2022 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC manual changes: 14 February 2022

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

14 Feb 2022 00:00 | Published by a Tolley Corporation Tax expert

CWG2: further guide to PAYE and National Insurance contributions

HMRC has updated the 2022-2023 version of the CWG2 guidance with sections 3.9.6 to 3.9.8.

10 Feb 2022 00:00 | Published by a Tolley Employment Tax expert

Updated HMRC guidance on Promoters of tax avoidance schemes

HMRC has substantially updated its promoters of tax avoidance schemes (POTAS) guidance to reflect updates to the provisions introduced by

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

Rates and thresholds for employers 2022 to 2023

HM Revenue and Customs (HMRC) has published new guidance detailing the rates and thresholds for employers operating a payroll or providing expenses and benefits to their employees. These rates and allowances apply from 6 April 2022 to 5 April 2023.

08 Feb 2022 00:00 | Published by a Tolley Corporation Tax expert

Popular Articles

Exporting goods ― proof of export

Exporting goods ― proof of exportIn addition to the requirements laid down in the Exporting goods ― overview guidance note, businesses intending to zero-rate exported goods must hold satisfactory evidence that the goods have been delivered to a destination outside of the UK. If satisfactory evidence

15 Dec 2020 14:02 | 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

Relief for employee share schemes

Relief for employee share schemesRemuneration expenses are generally deductible for corporation tax purposes as they are considered to be incurred wholly and exclusively for the purposes of the trade. However, expenses relating to shares are usually classed as capital and are therefore not

14 Jul 2020 13:21 | Produced by Tolley Read more Read more