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HMRC has published Agent Update issue 85 (June 2021) providing a round-up of recent developments for tax agents and advisers.

Responding to HMRC’s consultation on raising standards in the tax advice market, the Law Society supports the principle of mandatory professional indemnity insurance (PII) for anyone who provides tax advice, so long as the new regime does not create additional burdens for regulated professionals who are already subject to minimum PII requirements.

The Law Society has responded to HMRC’s consultation seeking views on ways to help taxpayers get their offshore tax right first time. The Society agrees that the use of offshore data to inform HMRC’s communications and prompts to taxpayers, and particularly to agents, could promote compliance but advises caution where data is incomplete or misleading.

HMRC is reminding working parents that they can use the Tax-Free childcare top-up to help pay for their childcare costs over the summer.

HMRC has published the synthesised text of the UK’s double taxation treaty with Albania, as modified by the BEPS Multilateral Instrument (MLI).

14 June 2021 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

Finance Act 2021

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

The Law Society has responded to HMRC’s consultation on a range of new measures to disrupt the business models relied on by promoters of tax avoidance.

The Office of Tax Simplification (OTS) has published a document setting out the scope of a new high-level exploration of the benefits, costs and wider implications of changing the date of the end of the tax year for individuals and will publish a further report over the Summer of 2021.

7 June 2021 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

The OECD has published the public comments received on proposed changes to commentaries in the OECD Model Tax Convention on Article 9 and related articles.

31 May 2021 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

HMRC has updated its guidance with the inclusion of new sections on how employers can correct overclaims in their subsequent CJRS claim and new templates if they are putting more than 15 employees on furlough.

HMRC has published revised advisory fuel rates for company cars which apply from 1 June 2021.

The OECD has published the stage 2 peer review monitoring reports for Estonia, Greece, Hungary, Iceland, Romania, the Slovak Republic, Slovenia and Turkey under the BEPS Action 14 minimum standard for the resolution of tax-related disputes.

HMRC has published new guidance setting out steps to calculate a worker’s statutory payment entitlement where the worker’s intermediary has received amounts net of income tax and Class 1 primary national insurance contributions (NICs) under the off-payroll working rules.

24 May 2021 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

The Courts and Tribunals Judiciary has published a Practice Note issued by Chamber President, Mr Justice Zacaroli, on electronic filing of documents in the Upper Tribunal, Tax and Chancery Chamber using CE-File.

HMRC has published Agent Update issue 84 (April-May 2021) providing a round-up of recent developments for tax agents and advisers.