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HMRC Stakeholder Digest: 25 May 2023

HMRC’s Stakeholder Digest (25 May 2023) provides a round-up of recent news and updates.

30 May 2023 00:00 | Published by a Tolley Owner-Managed Businesses expert

HMRC publishes new guidance on the Economic Crime Levy

HMRC has published two new guidance pages on the economic crime levy (ECL) - the annual charge on entities who are supervised under the Money Laundering Regulations and whose UK revenue exceeds £10·2 million per year.

26 May 2023 00:00 | Published by a Tolley Corporation Tax expert

Agent update: issue 108

HMRC has published Agent Update issue 108 (24 May 2023) providing a round-up of recent developments and changes to legislation and allowances relating to UK tax for tax agents and advisers.

25 May 2023 00:00 | Published by a Tolley Corporation Tax expert

Updated HMRC guidance: tax check for taxi, private hire or scrap metal licence applications

HMRC has updated its guidance on completing a tax check for renewing taxi, private hire or scrap metal licenses.

22 May 2023 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC manual changes: 22 May 2023

22 May 2023 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

22 May 2023 00:00 | Published by a Tolley Corporation Tax expert

HMRC updates interest rates following Bank of England decision

HMRC is increasing the late payment rate of interest to 7%, and the repayment interest rate to 3.5% from 31 May 2023. Interest on quarterly instalment payments of corporation tax is also increased from 22 May 2023.

16 May 2023 00:00 | Published by a Tolley Corporation Tax expert

Retained EU law sunset clause abandoned

The Retained EU Law (Revocation and Reform) Bill will now not automatically remove remaining retained EU law and EU-derived secondary legislation on 31 December 2023.

16 May 2023 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC manual changes: 15 May 2023

15 May 2023 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

15 May 2023 00:00 | Published by a Tolley Corporation Tax expert

CIOT and ATT response: Future financial services regulatory regime for cryptoassets

The CIOT and ATT have responded to the HM Treasury consultation on future financial services regulatory regime for cryptoassets.

15 May 2023 00:00 | Published by a Tolley Corporation Tax expert

Updated HMRC standard for agents

HMRC has updated its standard for agents.

12 May 2023 00:00 | Published by a Tolley Owner-Managed Businesses expert

HMRC Stakeholder Digest - 11 May 2023

HMRC’s Stakeholder Digest (11 May 2023) provides a round-up of recent news and updates.

12 May 2023 00:00 | Published by a Tolley Owner-Managed Businesses expert

Technical consultation: The Plastic Packaging Tax (General) (Amendment) Regulations 2023

HMRC has launched a technical consultation seeking views on draft regulations to amend the rules for claiming tax credits in certain circumstances in respect of Plastic Packaging Tax.

11 May 2023 00:00 | Published by a Tolley Owner-Managed Businesses expert

Updated HMRC tool for checking when HMRC will reply to a query

HMRC has updated its guidance on Check when you can expect a reply from HMRC.

11 May 2023 00:00 | Published by a Tolley Corporation Tax expert

OECD and IGF consultation on draft toolkits on base erosion and profit shifting (BEPS) in mining program

The OECD and the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development (IGF) invite public comments on draft toolkits to support developing countries in addressing transfer pricing risks when pricing minerals.

11 May 2023 00:00 | Published by a Tolley Corporation Tax expert

Spring Finance Bill 2023: Public Bill Committee

The Treasury has published explanatory notes to government amendments to the  Spring Finance Bill 2023.

11 May 2023 00:00 | Published by a Tolley Employment Tax expert

Weekly roundup of HMRC manual changes: 9 May 2023

9 May 2023 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

09 May 2023 00:00 | Published by a Tolley Corporation Tax expert

HMRC yearly average and spot rates

HMRC has published its updated list of yearly average and spot foreign exchange rates for the year to 31 March 2023.

04 May 2023 00:00 | Published by a Tolley Corporation Tax expert

Updated HMRC guidance for tax agents

HMRC has updated its tax agents guidance to clarify when a tax agent must have an agent service account.

04 May 2023 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC manual changes: 2 May 2023

2 May 2023 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

02 May 2023 00:00 | Published by a Tolley Corporation Tax expert

Tax Administration and Maintenance Day – 27 April 2023

The UK government published various tax policy consultations and other updated documents on 27 April 2023.

27 Apr 2023 00:00 | Published by a Tolley Corporation Tax expert

Popular Articles

Timing of disposal for capital gains tax

Timing of disposal for capital gains taxDate of disposalThe date of the disposal determines the period in which the gain is subject to capital gains tax (CGT). When the rates of CGT change, the determination of the date of disposal can also affect the rate of CGT that applies to the gain.See the

14 Jul 2020 13:50 | Produced by Tolley Read more Read more

Fuel-related payments / mileage payments

Fuel-related payments / mileage paymentsIntroductionMost employers will make payments to employees in relation to business travel. Among the most common payments in relation to business travel are fuel and mileage payments. If an employer does not reimburse these amounts, then the employee will be

14 Jul 2020 11:46 | Produced by Tolley in association with Philip Rutherford Read more Read more

Interest and penalties on late paid tax under self assessment

Interest and penalties on late paid tax under self assessmentInterestIf the capital gains tax, the balancing payment or payments on account of tax and / or Class 4 national insurance contributions (NIC) are paid late, HMRC will charge interest on the amount overdue from the original due date. The

14 Jul 2020 12:00 | Produced by Tolley Read more Read more