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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

Weekly roundup of HMRC manual changes – 25 April 2022

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

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

Agent update: issue 95

HMRC has published Agent Update issue 95 (April 2022) providing a round-up of recent developments for tax agents and advisers.

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

HMRC Stakeholder Digest: 11 April 2022

HMRC’s Stakeholder Digest (11 April 2022) provides a round-up of the latest news and updates including information on the Ukraine tax relief and guidance, Extending Making Tax Digital (MTD) to all VAT registered businesses and the introduction of the new 64-8 agent authorisation form.

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

Employer Bulletin: April 2022

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

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

HMRC offers settlement terms for users of remuneration trust tax avoidance schemes

HM Revenue & Customs (HMRC) has published settlement terms for companies or individuals who have used certain tax avoidance schemes involving remuneration trusts. HMRC report that these schemes do not work to deliver the ‘tax free’ environment they claim and that the scheme design may have a fundamental flaw resulting in no valid transfer of funds to a trust. The settlement is only open for individuals or companies whose scheme use meets certain criteria which are set out fully in the terms. The settlement opportunity will be open for applicants until 31 July 2022.

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

Weekly roundup of HMRC manual changes: 11 April 2022

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

11 Apr 2022 00:00 | Published by a Tolley Corporation Tax expert

Managing pension schemes service newsletter – April 2022

HMRC has published its Managing Pension Schemes service newsletter for April 2022 to update stakeholders on the latest news for pension schemes.

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

HMRC revises guidance on interest rates

HMRC has updated its guidance to explain how repayment and late-payment interest rates are set.

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

HMRC Corporate report on Named tax avoidance schemes, promoters, enablers and suppliers

HMRC has issued new guidance regarding the information it may publish on tax avoidance schemes, promoters, enablers and suppliers of these schemes. This includes a ‘current list’ of named tax avoidance schemes, promoters, enablers and suppliers.

07 Apr 2022 00:00 | Published by a Tolley Corporation Tax expert

Written statement: tax exemptions for sponsorship payments under Homes for Ukraine Scheme

The Financial Secretary to the Treasury has issued a written statement that announces that the government will introduce legislation in Finance Bill 2022-23 which exempts sponsorship payments made under the Homes for Ukraine scheme from income tax and corporation tax. In addition, the payments will not be liable to National Insurance contributions (NICs). Reliefs from the annual tax on enveloped dwellings (ATED) and the 15% rate of Stamp Duty Land Tax (SDLT) will continue to be available where dwellings are used under the Homes for Ukraine Scheme.

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

Government urges businesses to take advantage of national insurance relief when hiring veterans

From 6 April 2022, businesses hiring former members of the UK armed forces in their first year of civilian employment can save thousands of pounds in employee National Insurance contributions (NICs).

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

SI 2022/428 The Social Security Benefits (Claims and Payments) (Modification) Regulations 2022

These Regulations amend the Social Security (Claims and Payments) Regulations, SI 1987/1968 and the Universal Credit, Personal Independence Payment, Jobseeker’s Allowance and Employment and Support Allowance (Claims and Payments) Regulations, SI 2013/380. These Regulations will introduce a temporary change which will result in the Department for Work and Pensions (DWP) no longer accepting requests for ongoing consumption payments from energy suppliers for either new arrangements or increased payments for DWP claimants. Claimants will still be able to request ongoing consumption payments if they choose to do so, or increase/alter any payments already in place.

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

SI 2022/416 The Social Security (Contributions) (Amendment No. 2) Regulations 2022

These Regulations temporarily increase the Married Women’s Reduced Rate (MWRR) primary Class 1 National Insurance contributions (NICs) by 1.25% for 2022/23.

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

Weekly roundup of HMRC manual changes: 4 April 2022

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

04 Apr 2022 00:00 | Published by a Tolley Corporation Tax expert

HMRC Guidance on submitting Appendix 7A and Appendix 7B returns

HMRC has issued instructions via the Joint Forum on Expatriate Tax and National Insurance Contributions on the filing on Appendix 7A and Appendix 7B returns.

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

NICs (Increase of Thresholds) Act 2022 receives Royal Assent

The

31 Mar 2022 00:00 | Published by a Tolley Employment Tax expert

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