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Net Zero Review Final Report: Fiscal impact

HM Treasury has published its final report following the Net Zero Review as part of its Net Zero strategy. The report considers, amongst a wide range of other policy issues, the material fiscal consequences of the strategy.

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

CIOT responses to Money Laundering regulations

The Chartered Institute of Taxation (CIOT) has responded to the HMT’s consultations on Review of the UK’s AML/CFT regulatory and supervisory regime and Amendments to the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 Statutory Instrument 2022.

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

Weekly roundup of HMRC manual changes: 18 October 2021

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

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

Oman: tax treaties

HMRC has published the synthesised text of the UK’s double tax convention with Oman as modified by the Multilateral Instrument (MLI).

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

OECD: Tax dispute resolution progress reports

The OECD/G20 Inclusive Framework on BEPS (Inclusive Framework) has published its fourth annual review of BEPS Action 13 on transparency of global operations of large MNEs and BEPS Action 14 on resolution of tax related disputes between jurisdictions.

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

Changes for taxi, private hire or scrap metal licence applications from April 2022

HMRC has published new guidance on changes to the new rules for renewing taxi, private hire or scrap metal licenses from April 2022.

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

Agent update: issue 89

HMRC has published Agent Update issue 89 (October 2021) providing a round-up of recent developments for tax agents and advisers.

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

OECD Secretary General: October Tax Report

The OECD has published the secretary-general’s report to the October 2021 meeting of G20 leaders in Italy, covering the Two-Pillar solution to address the tax challenges arising from the digitalisation of the economy, tax policy aspects of climate change, developing countries and the OECD/G20 Inclusive Framework on BEPS, and tax and fiscal policy after the coronavirus (COVID-19) crisis.

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

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

Popular Articles

Ministers of religion

Ministers of religionMost ministers of religion or members of the clergy are either office-holders or employees and so their earnings are taxable under ITEPA 2003 as employment income and are subject to Class 1 National Insurance.For the purposes of the tax system, a minister does not have to belong

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

Loans written off

Loans written offCompanies sometimes provide directors, employees or shareholders with low interest or interest-free loans either as part of the reward package or on special occasions to help the individual meet significant expenditure. The employment income implications of these loans are discussed

14 Jul 2020 12:11 | Produced by Tolley Read more Read more

Holding companies ― VAT status of activities

Holding companies ― VAT status of activitiesThis guidance note examines how to determine the VAT status of a holding company’s activities. In particular, it looks at:•when a holding company is or is not in business•if a holding company is in business, whether its activities are exempt or taxableThe

14 Jul 2020 17:13 | Produced by Tolley Read more Read more