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SI 2021/1447 The Double Taxation Relief and International Tax Enforcement (Taiwan) Order 2021

The UK has agreed a protocol to the existing double taxation agreement with Taiwan (SI 2002/3137 (‘the Agreement’)). The protocol is set out in The Double Taxation Relief and International Tax Enforcement (Taiwan) Order 2021, SI 2021/1447.

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

Agent Update: issue 91

HMRC has published Agent Update issue 91 (December 2021) providing a round-up of recent developments for tax agents and advisers.

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

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

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

Making Tax Digital for Income Tax Self-Assessment: joining the pilot

The Chartered Institute of Taxation has shared an update on behalf of HMRC on Making Tax Digital for Income Tax Self-Assessment (MTD ITSA) pilot.

10 Dec 2021 00:00 | Published by a Tolley Employment Tax 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

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

CJRS guidance: correcting underpayments

HMRC has updated its Coronavirus Job Retention Scheme guidance to add a new section on how to top up employees’ wages where businesses have claimed a grant but not paid employees enough, and further information about offsetting overclaimed amounts.

03 Dec 2021 00:00 | Published by a Tolley Employment Tax 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

Tax Administration and Maintenance Day: 30 November 2021

Over 30 documents were published on the inaugural ‘Tax Administration and Maintenance day’ signifying the start of a period of consultation and evaluation. Our summary document details the key announcements.

30 Nov 2021 00:00 | Published by a Tolley Corporation Tax expert

Pension schemes newsletter 135: November 2021

HMRC has published pension schemes newsletter 135, which informs relevant stakeholders of the latest news and updates regarding pension schemes.

30 Nov 2021 00:00 | Published by a Tolley Employment Tax expert

Weekly roundup of HMRC manual changes: 29 November 2021

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

29 Nov 2021 00:00 | Published by a Tolley Corporation Tax expert

CIOT comments: Finance (No.2) Bill 2021 briefings

The CIOT has commented on Finance (No.2) Bill 2021 briefings on - Clauses 7-8 Schedule 1: Basis Period Reform, Clauses 53-66: Economic Crime (Anti- Money Laundering) Levy and Clauses 84-90 Schedule 12: Tackling Tax Avoidance.

25 Nov 2021 00:00 | Published by a Tolley Corporation Tax expert

HMRC Stakeholder Digest: 19 November 2021

The CIOT has published the latest HMRC Stakeholder Digest (19 November 2021) which providing a round-up of the latest news and updates.

25 Nov 2021 00:00 | Published by a Tolley Employment Tax expert

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FRS 102 ― tax presentation and disclosures

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14 Jul 2020 11:46 | Produced by Tolley in association with Malcolm Greenbaum Read more Read more

Qualifying charitable donations

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14 Jul 2020 13:03 | Produced by Tolley Read more Read more

Capital allowances on cars

Capital allowances on carsSummary of capital allowances on carsThe current capital allowance rates applicable to cars are as follows:Pool typeDescription of carRateLegislationMain rate poolNew and unused cars with CO2 emissions of 50g/km and below 18%CAA 2001, s 104AASecondhand cars with CO2

14 Jul 2020 11:08 | Produced by Tolley Read more Read more