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CIOT calls for action to improve effectiveness of employee ownership regime

The Chartered Institute of Taxation (CIOT) has called for a review of the tax regime for Employee Ownership Trusts (EOT) to encourage take-up and discourage their abuse.

14 Oct 2021 00:00 | Published by a Tolley Employment Tax expert

Social Security (Up-rating of Benefits) Bill: second reading

Social Security (Up-rating of Benefits) Bill passed its second reading in the House of Lords on 14 October 2021. The bill has now been sent to the committee stage.

14 Oct 2021 00:00 | Published by a Tolley Employment Tax expert

Employer Bulletin: October 2021

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

13 Oct 2021 00:00 | Published by a Tolley Corporation Tax expert

Saint Christopher (Saint Kitts) and Nevis: tax treaties

HMRC has added the UK-Saint Christopher (Saint Kitts) and Nevis Tax Information Exchange Agreement (TIEA) to its international treaty collection.

12 Oct 2021 00:00 | Published by a Tolley Owner-Managed Businesses expert

HMRC updated guidance: Check if you're eligible for Making Tax Digital for Income Tax: non-UK resident and non-UK domiciled taxpayers

HMRC has updated its guidance on eligibility for MTD for income tax to state that non-UK resident or non-UK domiciled taxpayers only need to follow the MTD for Income Tax rules for their UK self-employment and property income.

12 Oct 2021 00:00 | Published by a Tolley Employment Tax expert

Reduce the risk of using an umbrella company who operates a tax avoidance scheme

HMRC has published a new guidance on how to reduce the risk of using a non-compliant umbrella company for UK agencies or businesses who utilise temporary labour.

12 Oct 2021 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC manual changes: 11 October 2021

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

11 Oct 2021 00:00 | Published by a Tolley Corporation Tax expert

HMRC update on agent view of employer liabilities and payments

The Chartered Institute of Taxation (CIOT) has published an update that HMRC has extended its agent view of employer liabilities and payments to agents with up to 2,000 clients.

08 Oct 2021 00:00 | Published by a Tolley Employment Tax expert

Joint and several liability notices for tax avoidance, tax evasion and repeated insolvency

HMRC has published new guidance detailing how it deals with taxpayers who are involved in tax avoidance, tax evasion or repeated insolvency who receive a joint and several liability notice.

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

San Marino: tax treaties

HMRC has added the UK-San Marino Tax Information Exchange Agreement (TIEA) to its international treaty collection.

07 Oct 2021 00:00 | Published by a Tolley Owner-Managed Businesses expert

Macao: tax treaties

HMRC has added the UK-Macao Tax Information Exchange Agreement (TIEA) to its international treaty collection.

07 Oct 2021 00:00 | Published by a Tolley Owner-Managed Businesses expert

St Vincent and the Grenadines: tax treaties

HMRC has added the UK- St Vincent and the Grenadines Tax Information Exchange Agreement (TIEA) to its international treaty collection.

07 Oct 2021 00:00 | Published by a Tolley Owner-Managed Businesses expert

HMRC Stakeholder Digest: 5 October 2021

The Chartered Institute of Taxation (CIOT) has published an HMRC Stakeholder Digest (October 2021) providing a round-up of the latest news and updates for members, and their customers and clients.

07 Oct 2021 00:00 | Published by a Tolley Corporation Tax expert

CIOT Budget representations

The Chartered Institute of Taxation (CIOT) has published the budget representations it has made on employee ownership trusts, employment taxes and pensions regime, assignment and enforcement of loans subject to the loan charge and remote working abroad.

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

Bahamas: tax treaties

HMRC has added the UK-Bahamas Tax Information Exchange Agreement (TIEA) to its international treaty collection.

06 Oct 2021 00:00 | Published by a Tolley Owner-Managed Businesses expert

Dominica: tax treaties

HMRC has added the UK-Dominica Tax Information Exchange Agreement (TIEA) to its international treaty collection.

06 Oct 2021 00:00 | Published by a Tolley Owner-Managed Businesses expert

Updated HMRC guidance: plastic packaging tax

HMRC has updated its guidance on plastic packaging tax with more information for businesses to prepare themselves for when it comes into effect from 1 April 2022.

05 Oct 2021 00:00 | Published by a Tolley Corporation Tax expert

Subsidy Control Bill sent to Public Bill Committee

The Subsidy Control Bill 2021–22, which will introduce a regime in the UK to replace the EU state aid rules, is currently passing through Parliament.

05 Oct 2021 00:00 | Published by a Tolley Owner-Managed Businesses expert

Weekly roundup of HMRC manual changes: 4 October 2021

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

04 Oct 2021 00:00 | Published by a Tolley Corporation Tax expert

Andorra, Namibia and Spain take further steps to strengthen their tax treaties

Namibia has signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting bringing the total number of jurisdictions that participate in the Convention to 96.

01 Oct 2021 00:00 | Published by a Tolley Owner-Managed Businesses expert

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Exemption ― burial and cremation

Exemption ― burial and cremationThis guidance note provides an overview of the VAT treatment of services that are provided in connection with the burial or cremation of human remains.VAT treatmentThe following services are exempt from VAT:•the disposal of the remains of the dead•making arrangements

14 Jul 2020 11:38 | Produced by Tolley Read more Read more

Simple assessments

Simple assessmentsFrom 2016/17 onwards, HMRC has the power to make a ‘simple assessment’ of the taxpayer’s income tax and / or capital gains tax liability outside of the self assessment system. As HMRC already receives significant amounts of information on the income received and tax paid by

14 Jul 2020 13:40 | Produced by Tolley Read more Read more

Indexation allowance and rebasing

Indexation allowance and rebasingThis guidance note explains the general rules surrounding the availability of indexation allowance (which was frozen at December 2017) on the disposal of company assets and provides information on the rebasing rules for assets held on 31 March 1982. For an overview

14 Jul 2020 11:59 | Produced by Tolley in association with Jackie Barker of Wells Associates Read more Read more