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The Law Society has responded to HMRC’s call for evidence on timely payment for income tax self-assessment and corporation tax for small companies.

The initial draft clauses for the 2022 Finance Act were published on 20 July 2021 and include more detail on previously announced proposals. Whilst the Government refers to it as draft legislation for Finance Bill 2021/22, in this commentary, for clarity, it is referred to as Draft Finance Bill 2022. The final contents of the Bill will be subject to confirmation at a later date, expected to be in the Autumn, though it is uncertain whether this will be combined with an Autumn Budget.

The Chartered Institute of Taxation (CIOT) has published its response to the HMRC call for evidence on the tax administration framework: supporting a 21st century system.

HMRC has updated its guidance with new sections on what to do if taxpayers have not submitted a notification or claim by email before, if they cannot submit their claim electronically, and guidance on common errors.

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

The Department for International Trade (DIT) has a launched a consultation to seek views on proposed changes to the trade preference scheme which reduces or removes import tariffs for 70 developing countries.

HMRC has published Agent Update issue 86 (July 2021) providing a round-up of recent developments for tax agents and advisers.

The Association of Taxation Technicians (ATT) has responded to a government consultation on bringing tax payments for small businesses closer to the point where the income or profit arises.

HMRC has published a paper setting out its approach to dealing with tax debt for individuals and businesses and those concerned about their ability to pay their tax due.

HMRC has updated its general anti-abuse rule (GAAR) guidance with effect from 16 July 2021.

HMRC has updated the PDDD1 letter it sends out before publishing a taxpayer’s details following a deliberate inaccuracy penalty.

The Association of Taxation Technicians (ATT) has called for tax policies and legislation to develop in parallel with any new digital systems to avoid placing more burdens on, or adding to the frustrations of, taxpayers.

The Chartered Institute of Taxation (CIOT) has responded to the Treasury review of the Office of Tax Simplification (OTS) which was closed on 6 July 2021.

HMRC has updated its guidance for trustees on authorising an agent to access the trust.

The OECD has published the Tax Transparency in Latin America 2021 report, which outlines a Latin American initiative to tackle tax evasion, corruption and other financial crimes through transparency and exchange of information (EOI) for tax purposes.

The Chancellor of the Exchequer has welcomed milestone progress on international tax reform during meetings of G20 Finance Ministers and Central Bank Governors in Venice.

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

HMRC has published new guidance on how to claim relief from Stamp Duty Land Tax (SDLT) when buying land or buildings in a Freeport tax site.

Draft legislation for the next Finance Bill will be published on Tuesday 20 July 2021.

HMRC has published a paper setting out its strategy for tackling the hidden economy (tax conditionality) - taxis, private hire vehicles and scrap metal dealers - by making licence renewals conditional on tax checks.