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HMRC has published Agent Update issue 104 (18 January 2023) providing a round-up of recent developments and changes to legislation and allowances relating to UK tax for tax agents and advisers.

HMRC has updated its spotlight on tax avoidance arrangements seeking to avoid corporation tax, income tax and national insurance contributions by using unfunded pension arrangements.

The Order increases the blind person’s allowance and married couple’s allowance for the 2023-24 tax year.

HMRC has updated its guidance on Annual Tax on Enveloped Dwellings.

The ICAEW has shared an update from HMRC in relation to employees and the self-employed working across borders.

HMRC has published the outcome and summary of responses to the consultation on Raising standards in tax advice: protecting customers claiming tax repayments. This consultation ran from 22 June 2022 to 14 September 2022.

Finance Act 2023

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

The Autumn 2022 Finance Bill has been scheduled to receive Royal Assent on Tuesday 10 January 2023.

HMRC has published its updated list of yearly average and spot foreign exchange rates for the year to 31 December 2022.

HMRC has provided updates to the CIOT and ATT regarding basis period reform. The updates cover easements for provisional figures, provision of overlap relief figures and HMRC’s communications strategy.

HMRC’s Stakeholder Digest (21 December 2022) provides a round-up of recent news and updates.

HMRC has published Spotlight 61 about tax avoidance schemes that use remuneration trusts to reduce profits and disguise income.

HMRC has advised the ATT that the Agent Dedicated Line (ADL) will only be able to answer questions on complex SA queries in January

HMRC has published Agent Update issue 103 (December 2022) providing a round-up of recent developments and changes to legislation and allowances relating to UK tax for tax agents and advisers

The Office of Tax Simplification (OTS) has published its report on the tax complexities driven by hybrid working, including for periods where employees choose to work overseas.

Following the announcement that the start date for Making Tax Digital (MTD) for Income Tax is to be delayed until 6 April 2026, HMRC has updated its guidance pages. The professional bodies have also commented on the delay.

HMRC has published new guidance on how agencies, employers or workers should complete checks for, or report, potential payroll company fraud.

The ATT has published a new technical article which explores how income tax basis period reform will interact with the averaging rules for farmers and creative artists.

HMRC is increasing the late-payment rate of interest to 6%, and the repayment rate to 2.5%, from 6 January 2023. Interest on quarterly instalment payments of corporation tax is also increased from 26 December 2022.