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Spring Finance Bill 2023 to be published on 23 March 2023

The UK government intends to publish the Spring Finance Bill 2023 on 23 March 2023.

07 Mar 2023 00:00 | Published by a Tolley Employment Tax expert

Weekly roundup of HMRC manual changes: 6 March 2023

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

06 Mar 2023 00:00 | Published by a Tolley Corporation Tax expert

Preparing for the Economic Crime Levy

HMRC has published a policy paper to help relevant entities understand how the Economic Crime Levy (ECL) will work and how they will be affected.

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

SI 2023/236 The Social Security (Contributions) (Rates, Limits and Thresholds Amendments and National Insurance Funds Payments) Regulations 2023

These Regulations increase the flat-rate weekly amounts of Class 2 and Class 3 National Insurance contributions from 6 April 2023, and confirm that Class 1 earnings limits and thresholds are unchanged.

02 Mar 2023 00:00 | Published by a Tolley Employment Tax expert

Pension schemes newsletter 147: February 2023

HMRC has published pension schemes newsletter 147.

28 Feb 2023 00:00 | Published by a Tolley Employment Tax expert

Self-assessment late-payment penalty reminder

The first late-payment penalty for income tax due by the 31 January 2023 self-assessment deadline will be levied on amounts of tax still outstanding on 3 March.

28 Feb 2023 00:00 | Published by a Tolley Owner-Managed Businesses expert

Windsor Framework potential tax impact

On 27 February 2023, details of the Windsor Framework were revealed. The Framework aims to address issues with the application of the Northern Ireland Protocol, including trade friction.

28 Feb 2023 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC manual changes: 27 February 2023

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

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

HMRC Stakeholder Digest: 23 February 2023

HMRC’s Stakeholder Digest (23 February 2023) provides a round-up of recent news and updates.

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

Stamp Taxes Newsletter: February 2023

HMRC has released its Stamp Taxes Newsletter for February 2023

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

Exemption for Postmaster compensation payments

Regulations have been laid to exempt certain compensation payments to Postmasters from tax.

24 Feb 2023 00:00 | Published by a Tolley Employment Tax expert

Company cars: advisory fuel rates from 1 March 2023

HMRC has published revised advisory fuel rates for company cars which will apply from 1 March 2023.

23 Feb 2023 00:00 | Published by a Tolley Corporation Tax expert

HMRC guidance: Employer guides for PAYE and national insurance contributions

HMRC has published the latest version of its guidance for employers on PAYE and National Insurance contributions (CWG2), to be used from 6 April 2023.

21 Feb 2023 00:00 | Published by a Tolley Employment Tax expert

UK to proceed with beneficial ownership registers

The UK government has confirmed its intention to press ahead with the various registers of company ownership, on the basis that the UK registers adhere to the privacy requirements of the European Convention on Human Rights.

17 Feb 2023 00:00 | Published by a Tolley Corporation Tax expert

New toolkit to strengthen the effective collection of value added taxes on e-commerce in Africa

The OECD in partnership with World Bank Group and the African Tax Administration Forum (ATAF) have released a VAT digital toolkit for Africa.

16 Feb 2023 00:00 | Published by a Tolley Owner-Managed Businesses expert

Agent Update: issue 105

HMRC has published Agent Update issue 105 (15 February 2023) providing a round-up of recent developments and changes to legislation and allowances relating to UK tax for tax agents and advisers.

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

HMRC guidance: Employer guide for National Insurance contributions

HMRC has published the latest version of its employer guide to Class 1A National Insurance contributions on benefits in kind, termination payments and sporting testimonial payments (CWG5).

15 Feb 2023 00:00 | Published by a Tolley Employment Tax expert

Additional Dwelling Supplement consultation launched

The Scottish Government are consulting on proposed changes to the Additional Dwelling Supplement.

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

CIOT urges the Government to review “unfair” repayment interest rates

The CIOT urges the Government to review “unfair” repayment interest rates, with taxpayers facing late payment bills from HMRC up to 17 times higher than what is returned to those who have overpaid.

09 Feb 2023 18:30 | Published by a Tolley Corporation Tax expert

HMRC new Litigation and Settlement Strategy Manual

HMRC has published a new manual on its Litigation and Settlement Strategy.

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

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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

Repairs and renewals

Repairs and renewalsThe key consideration in determining whether expenditure on repairs and renewals is allowable as a deduction for tax purposes is whether it is capital or revenue in nature. In some cases, it can be relatively straightforward to identify revenue repairs. HMRC provides the

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Payroll record keeping

Payroll record keepingUnder SI 2003/2682, reg 97, “...an employer must keep, for not less than 3 years after the end of the tax year to which they relate, all PAYE records which are not required to be sent to [HMRC]...”. Reasons for keeping the records include:•being able to calculate tax and

14 Jul 2020 12:52 | Produced by Tolley in association with Ian Holloway Read more Read more