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A summary of key developments as Finance (No 2) Bill 2023 makes its way through Parliament.

UK government amendments on R&D and multinational top-up tax are expected to be passed at Committee of the Whole House stage.

The Bill will be discussed by a Committee of the Whole House, before being passed to a Public Bill Committee for further consideration.

In the Treasury minutes published on the 30th March, the government has responded, among other things, to the Public Accounts Committee’s (PAC) report from session 2022-23 on HMRC’s performance in 2021-22.

HMRC is informing self-assessment taxpayers who currently file paper returns, that the paper forms will no longer be available to download from gov.uk from 6 April 2023.

These Regulations provide an exemption from income tax in the UK on income arising from duties or services performed by individuals in the UK in connection with the Women’s Finalissima 2023.

HMRC has published new guidance notes on how to report, and how to register to report, cross-border arrangements under the Mandatory Disclosure Rules (MDR).

These Regulations amend the Economic Crime (Anti-Money Laundering) Levy Regulations, SI 2022/269, to make further provision relating to the Economic Crime (Anti-Money Laundering) Levy.

HMRC’s Stakeholder Digest (23 March 2023) provides a round-up of recent news and updates.

HMRC is increasing the late payment rate of interest to 6.75%, and the repayment interest rate to 3.25% from 13 April 2023. Interest on quarterly instalment payments of corporation tax is also increased from 3 April 2023.

HMRC has published Agent Update issue 106 (22 March 2023) providing a round-up of recent developments and changes to legislation and allowances relating to UK tax for tax agents and advisers.

This Order provides for limited exemptions from income tax, capital gains tax, inheritance tax, stamp duty and stamp duty reserve tax to be given in respect of securities issued by the Caribbean Development Bank, Asian Infrastructure Investment Bank, and Inter-American Investment Corporation, international organisations of which the United Kingdom is a member.

HMRC has updated its guidance on rates of interest on beneficial loan arrangements.

20 March 2023 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

Revenue Scotland has decided to remove the 12 month authority to act time limit for agents

These Regulations increase the special rate of Class 2 NICs payable by share fishermen to £ 4.10 per week from 6 April 2023.

HMRC has published pension schemes newsletter 148.

Regulations have been laid to make it mandatory for employers to deliver P11D & P11D(b) information by an approved method of electronic communication.

These Regulations extend the deadline for paying voluntary National Insurance contributions (NICs) for tax years between 6 April 2006 and 5 April 2016, to 31 July 2023.

The Chancellor’s Budget on 15 March 2023 included several new announcements, and brought together previously published proposals, many of which will be legislated in the Spring Finance Bill.