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Chancellor brings fiscal statement forward to 31 October

Writing to the Treasury Committee, the Chancellor has announced his intention to deliver his medium-term fiscal plan on 31 October, rather than 23 November.

10 Oct 2022 00:00 | Published by a Tolley Corporation Tax expert

SI 2022/1027 The Land Transaction Tax (Tax Bands and Tax Rates) (Wales) (Amendment) Regulations 2022

These Regulations revise the land transaction tax bands and rates for residential property transactions from 10 October 2022.

10 Oct 2022 00:00 | Published by a Tolley Owner-Managed Businesses expert

Changes to SME limits

Many UK businesses will be released from reporting requirements and other regulations in the future due to a change in the UK definition of ‘SME’.

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

HMRC publishes new GAAR Advisory Panel opinion on SDLT arrangements

HMRC has published a new GAAR Advisory Panel opinion on Stamp Duty Land Tax arrangements in relation to the sale and purchase of a residential property, involving an alternative finance agreement and a lease agreement.

06 Oct 2022 00:00 | Published by a Tolley Owner-Managed Businesses expert

HMRC reminder: Making Tax Digital for VAT

HMRC has published a reminder that businesses will no longer be able to use their existing VAT online account to submit VAT returns from 1 November 2022

05 Oct 2022 00:00 | Published by a Tolley Corporation Tax expert

Uncertainty as to timing of Medium-Term Fiscal Plan

The Treasury Committee tweeted that the Chancellor has agreed to bring forward the date of the next fiscal event, originally scheduled to take place on 23 November, to some time in October. However, the Chancellor himself seemed to dispute this, noting in an interview that the Medium-Term Fiscal Plan will take place on 23 November.

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

Regulatory capital exemption from hybrid and other mismatch rules to continue past 1 January 2023

Regulations are expected to be laid in time to ensure the exemption continues past 1 January 2023 when it otherwise had been due to expire.

03 Oct 2022 00:00 | Published by a Tolley Corporation Tax expert

Updated HMRC guidance on paying a tax bill

HMRC has updated its guidance on What will happen if you do not pay your tax bill.

03 Oct 2022 00:00 | Published by a Tolley Owner-Managed Businesses expert

Weekly roundup of HMRC manual changes: 3 October 2022

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

02 Oct 2022 18:30 | Published by a Tolley Corporation Tax expert

Manage team members using your HMRC business tax account

HMRC has published new guidance on how to add a team member to a business tax account and give them access to a tax, duty or scheme.

30 Sep 2022 00:00 | Published by a Tolley Corporation Tax expert

HMRC Stakeholder Digest: 28 September 2022

HMRC’s Stakeholder Digest (28 September 2022) provides a round-up of recent news.

30 Sep 2022 00:00 | Published by a Tolley Corporation Tax expert

CC/FS71: Compliance checks: information notices: penalties for facilitating avoidance schemes involving non-resident promoters

HMRC has published a new factsheet CC/FS71 Compliance checks: information notices on penalties for facilitating avoidance schemes involving non-resident promoters.

30 Sep 2022 00:00 | Published by a Tolley Corporation Tax expert

CIOT response: Finance Bill 2022-23 draft legislation

The CIOT has responded to the Finance Bill 2022-23 draft legislation on capital gains tax: transfers of assets between spouses and civil partners in the process of separating; new transfer pricing documentation requirements for UK businesses; and low earners anomaly: pensions relief relating to net pay arrangements.

29 Sep 2022 00:00 | Published by a Tolley Corporation Tax expert

Clients of repayment agent to be refunded directly by HMRC

HMRC has confirmed that a large number of taxpayers who have reclaimed tax payments using the repayment agent Tax Credits Ltd since December 2021 will be due a direct refund from HMRC.

29 Sep 2022 00:00 | Published by a Tolley Corporation Tax expert

HMRC publishes new GAAR Advisory Panel opinion

HMRC has published a new GAAR Advisory Panel opinion on the extraction of cash (or equivalent) using trust interests, limited liability partnership and the novation of loans.

29 Sep 2022 00:00 | Published by a Tolley Trusts and Inheritance Tax expert

HM Treasury response to Bank of England financial stability intervention

HM Treasury has fully indemnified the Bank of England's intervention to restore orderly markets.

29 Sep 2022 00:00 | Published by a Tolley Corporation Tax expert

Call for evidence: review of hybrid and distance working

The deadline for the call for evidence on the review of hybrid and distance working has been amended.

28 Sep 2022 00:00 | Published by a Tolley Corporation Tax expert

HMRC guidance: How HMRC resolves civil tax disputes

HMRC has published a page on their approach to resolve civil tax disputes and information on its internal governance processes.

27 Sep 2022 00:00 | Published by a Tolley Owner-Managed Businesses expert

Call for Evidence: Scottish Government block grant adjustments for tax and welfare devolution

The closing deadline for the call for evidence on Scottish Government block grant adjustments for tax and welfare devolution has been extended to 28 September 2022.

27 Sep 2022 00:00 | Published by a Tolley Owner-Managed Businesses expert

Government announces medium-term Fiscal Plan

Chancellor Kwasi Kwarteng will set out the governments medium-term Fiscal Plan on 23 November.

27 Sep 2022 00:00 | Published by a Tolley Owner-Managed Businesses expert

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Payroll record keeping

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