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SI 2021/1422 The Van Benefit and Car and Van Fuel Benefit (No. 2) Order 2021

This instrument sets the figures for calculating the cash equivalent of fuel for cars and vans and the benefit of the use of a van for the 2022-23 tax year.

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

Finance Bill 2022: government amendments to Schs 2 and 15

The government has proposed amendments to Schedules 2 (qualifying asset holding companies) and 15 (notification of uncertain tax treatment). Government amendments to clause 28 (diverted profits tax) were passed on 1 December.

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

HMRC Self-Assessment repayment claim verification letters

The Chartered Institute of Taxation has shared an update on behalf of HMRC on Income Tax Self-Assessment (ITSA) repayment claim verification letters (‘SURF’ letters).

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

Weekly roundup of HMRC manual changes: 13 December 2021

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

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

Over 130 jurisdictions comprehensively reviewed in the latest BEPS Action 5 peer review on tax rulings

The OECD Inclusive Framework on BEPS is releasing the 2020 peer review assessments of 131 jurisdictions in relation to the spontaneous exchanges of information on tax rulings on 14 December 2021.

14 Dec 2021 00:00 | Published by a Tolley Owner-Managed Businesses expert

HMRC Stakeholder Digest: 9 December 2021

The CIOT has published the latest HMRC Stakeholder Digest (9 December 2021) which provides a round-up of the latest news and updates.

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

OECD releases new transfer pricing profiles for 21 countries

The OECD has released new transfer pricing profiles for 21 countries

13 Dec 2021 00:00 | Published by a Tolley Owner-Managed Businesses expert

HMRC reminds income tax self assessment taxpayers about self-serve time to pay for liabilities under £30,000

The self-serve online facility to agree time to pay for income tax self assessment liabilities of under £30,000 remains available and can be used to spread the payment of tax due by 31 January 2022. This facility is available to all taxpayers who have filed their 2020/21 tax return and plan to pay off the debt within 12 months.

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

Scottish Budget 2022-23 - tax implications

The Scottish government delivered its 2022-23 budget on 9 December 2021

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

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

Updated HMRC guidance on Plastic packaging tax

HMRC has updated its plastic packaging tax guidance on creating invoices to state that the requirement to include a statement with an invoice to show that Plastic Packaging Tax has been paid, which was due to commence in April 2022, will be delayed. The update also includes guidance on transferring a registered plastic packaging business as a going concern and the temporary treatments available when the person responsible for dealing with Plastic Packaging Tax dies, becomes incapacitated or becomes insolvent.

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

Algeria becomes 32nd country to sign the Yaoundé Declaration

Algeria has signed the Yaoundé Declaration―an African initiative for transparency and exchange of information for tax purposes.

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

HMRC guidance: Clearance applications and exempt distribution when a company purchases its own shares

HMRC has published new guidance on clearance applications and how to apply for advance confirmation of an exempt distribution when a company purchases its own shares.

06 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

SSI 2021/448 The First-tier Tribunal for Scotland (Chambers) Amendment Regulations 2021

These Regulations amend the First-tier Tribunal for Scotland (Chambers) Regulations 2016, SSI 2016/341 to create a new chamber.

02 Dec 2021 00:00 | Published by a Tolley Owner-Managed Businesses 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

HMRC updated guidance: Reporting coronavirus (COVID-19) grants and support payments

HMRC has updated its guidance. A new section (‘Company tax return’) has been added which explains that grants and payments to support businesses during coronavirus (COVID-19) are taxable and need to be declared on company tax returns.

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

Courts and Tribunals Judiciary publishes guidance on e-bundles

The Courts and Tribunals Judiciary has published general guidance to ensure consistency in the provision of electronic bundles (e-bundles) for court hearings to promote efficient preparation and management of hearings. This guidance replaces previous guidance published in May 2020.

30 Nov 2021 00:00 | Published by a Tolley Owner-Managed Businesses expert

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Wholly and exclusively

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Timing of disposal for capital gains tax

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Married couple’s allowance

Married couple’s allowanceThe married couple’s allowance (MCA) is only available if one of the two spouses or civil partners was born before 6 April 1935. This means that one member of the couple must be at least 89 years old on 5 April 2024 to qualify for an allowance in the 2023/24 tax year.There

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