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Latest Employment Tax News

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Employer Bulletin: December 2021

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

08 Dec 2021 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC manual changes: 6 December 2021

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

06 Dec 2021 00:00 | Published by a Tolley Corporation Tax expert

CJRS guidance: correcting underpayments

HMRC has updated its Coronavirus Job Retention Scheme guidance to add a new section on how to top up employees’ wages where businesses have claimed a grant but not paid employees enough, and further information about offsetting overclaimed amounts.

03 Dec 2021 00:00 | Published by a Tolley Employment Tax expert

SI 2021/1344 The Income Tax (Qualifying Child Care) (Wales) Regulations 2021

These Regulations amend section 318C of ITEPA 2003, which defines “qualifying childcare” for the purposes of exemptions from income tax for employee benefits in respect of certain employer-provided or employer-contracted childcare.

02 Dec 2021 00:00 | Published by a Tolley Employment Tax expert

HMRC Stakeholder Digest: 30 November 2021

The CIOT has published the latest HMRC Stakeholder Digest (30 November 2021) which provides a round-up of the latest news and updates.

01 Dec 2021 00:00 | Published by a Tolley Employment Tax expert

SI 2021/1341 The Income Tax (Exemption of Social Security Benefits) Regulations 2021

These Regulations are being made to exempt from tax four new social security payments with retrospective effect from the date of their respective introductions.

01 Dec 2021 00:00 | Published by a Tolley Employment Tax expert

Tax Administration and Maintenance Day: 30 November 2021

Over 30 documents were published on the inaugural ‘Tax Administration and Maintenance day’ signifying the start of a period of consultation and evaluation. Our summary document details the key announcements.

30 Nov 2021 00:00 | Published by a Tolley Corporation Tax expert

Pension schemes newsletter 135: November 2021

HMRC has published pension schemes newsletter 135, which informs relevant stakeholders of the latest news and updates regarding pension schemes.

30 Nov 2021 00:00 | Published by a Tolley Employment Tax expert

CIOT comments: Finance (No.2) Bill 2021 briefings

The CIOT has commented on Finance (No.2) Bill 2021 briefings on - Clauses 7-8 Schedule 1: Basis Period Reform, Clauses 53-66: Economic Crime (Anti- Money Laundering) Levy and Clauses 84-90 Schedule 12: Tackling Tax Avoidance.

25 Nov 2021 00:00 | Published by a Tolley Corporation Tax expert

HMRC Stakeholder Digest: 19 November 2021

The CIOT has published the latest HMRC Stakeholder Digest (19 November 2021) which providing a round-up of the latest news and updates.

25 Nov 2021 00:00 | Published by a Tolley Employment Tax expert

Company cars: advisory fuel rates from 1 December 2021

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

24 Nov 2021 00:00 | Published by a Tolley Employment Tax expert

Weekly roundup of HMRC manual changes: 22 November 2021

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

22 Nov 2021 00:00 | Published by a Tolley Corporation Tax expert

HMRC Guidance: risk of tax avoidance working through an umbrella company

HMRC has published two new guidance notes to enable contractors and agency workers working through umbrella companies to check their payslip to make sure they are not involved in a tax avoidance scheme.

19 Nov 2021 00:00 | Published by a Tolley Employment Tax expert

SI 2021/1286 The Tax Credits and Child Benefit (Miscellaneous Amendments) Regulations 2021

These Regulations amend a number of statutory instruments in relation to tax credits and child benefit. They come into force on 9 December 2021.

19 Nov 2021 00:00 | Published by a Tolley Employment Tax expert

Agent Update: issue 90

HMRC has published Agent Update issue 90 (November 2021) providing a round-up of recent developments for tax agents and advisers.

18 Nov 2021 00:00 | Published by a Tolley Corporation Tax expert

Tax Administration and Maintenance Day will be on 30 November 2021

The Treasury has announced that Tax Administration and Maintenance Day will be on 30 November 2021.

18 Nov 2021 00:00 | Published by a Tolley Corporation Tax expert

CIOT response: Treasury Committee Inquiry into the Autumn Budget and Spending Review 2021

The Chartered Institute of Taxation (CIOT) has responded to the Treasury Committee’s inquiry into the Autumn Budget and Spending Review 2021.

17 Nov 2021 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC manual changes: 15 November 2021

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

15 Nov 2021 00:00 | Published by a Tolley Corporation Tax expert

Updated HMRC guidance: Claim back Statutory Sick Pay (SSP) paid to employees

HMRC has updated its Coronavirus statutory sick pay rebate scheme guidance for employers to reflect that EU state aid rules no longer apply in the UK.

11 Nov 2021 00:00 | Published by a Tolley Employment Tax expert

Joint and several liability notices for COVID-19 support payment

HMRC has published new guidance setting out how HMRC deals with customers who receive a joint and several liability notice for a company that has received COVID-19 support payments, including conditions for giving a notice and safeguards.

10 Nov 2021 00:00 | Published by a Tolley Corporation Tax expert

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Associated companies ― from 1 April 2023

Associated companies ― from 1 April 2023Implications of associated companiesFrom 1 April 2023, the rate of corporation tax that a company is subject to depends on the level of its augmented profits. The rate of tax is based on a comparison of the company’s augmented profits against the corporation

22 Mar 2021 10:21 | Produced by Tolley Read more Read more

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

Withholding tax

Withholding taxIntroductionUK tax must be withheld on UK payments including:•interest•royalties•rental incomeUK withholding tax may be reduced under the provisions of a double tax treaty (DTT). Prior to 1 June 2021, payments of interest and royalties made to EU resident associated companies were

14 Jul 2020 14:01 | Produced by Tolley Read more Read more