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Company cars: advisory fuel rates from 1 December 2021

HMRC has published revised advisory fuel rates for company cars which apply from 1 December 2021.

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

HMRC Guidance: risk of tax avoidance working through an umbrella company

HMRC has published two new guidance notes to enable contractors and agency workers working through umbrella companies to check their payslip to make sure they are not involved in a tax avoidance scheme.

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

Managing pension schemes service newsletter: November 2021

HMRC has published its Managing Pension Schemes service newsletter for November 2021, updating stakeholders on the latest news for pension schemes.

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

SI 2021/1286 The Tax Credits and Child Benefit (Miscellaneous Amendments) Regulations 2021

These Regulations amend a number of statutory instruments in relation to tax credits and child benefit. They come into force on 9 December 2021.

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

Agent Update: issue 90

HMRC has published Agent Update issue 90 (November 2021) providing a round-up of recent developments for tax agents and advisers.

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

Tax Administration and Maintenance Day will be on 30 November 2021

The Treasury has announced that Tax Administration and Maintenance Day will be on 30 November 2021.

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

CIOT response: Treasury Committee Inquiry into the Autumn Budget and Spending Review 2021

The Chartered Institute of Taxation (CIOT) has responded to the Treasury Committee’s inquiry into the Autumn Budget and Spending Review 2021.

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

SI 2021/1270 The Authorised Investment Funds (Tax) (Amendment) Regulations 2021

These Regulations amend the Authorised Investment Funds (Tax) Regulations, SI 2006/964 (the AIF regulations) to provide for tax treatment of a new type of authorised fund called the long-term asset fund (LTAF), which targets investment in long-term illiquid assets, following the introduction of rules for these new fund vehicles by the Financial Conduct Authority. They also make provision in relation to the application of Part 3A of the Corporation Tax Act 2010 (companies with small profits) to qualified investor schemes.

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

Updated HMRC guidance: Claim back Statutory Sick Pay (SSP) paid to employees

HMRC has updated its Coronavirus statutory sick pay rebate scheme guidance for employers to reflect that EU state aid rules no longer apply in the UK.

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

Joint and several liability notices for COVID-19 support payment

HMRC has published new guidance setting out how HMRC deals with customers who receive a joint and several liability notice for a company that has received COVID-19 support payments, including conditions for giving a notice and safeguards.

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

HMRC Stakeholder Digest: 4 November 2021

The Chartered Institute of Taxation (CIOT) has published an HMRC Stakeholder Digest (4 November 2021) providing a round-up of the latest news and updates for members, and their customers and clients.

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

Weekly roundup of HMRC manual changes: 8 November 2021

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

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

Welsh Government sets out tax priorities for 2021–2026

The Welsh Government has published a Tax Policy Framework Update and a Tax Policy Work Plan setting out strategic tax priorities for the 2021–2026 Senedd term.

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

Finance Bill 2022 published

Finance Bill 2022 was published on 4 November 2021.

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

Pension schemes newsletter 134: October 2021

HMRC has published pension schemes newsletter 134, bringing together the latest news for scheme administrators, employers and advisers.

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

HMRC SEISS ‘non-filers’ letter

HMRC are sending out Self-Employment Income Support Scheme (SEISS) letters to non-filers of 2019/20 self-assessment tax returns who have received grants under SEISS.

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

Updated CWG2 guidance: further guide to PAYE and National Insurance contributions

HMRC has updated its CWG2 leaflet with information about the Convention on Social Security Coordination between the UK and the Swiss Confederation and what employers need to do if an employee does not provide a certificate showing the social security contributions they must pay in another country.

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

Weekly roundup of HMRC manual changes: 1 November 2021

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

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

HMRC’s One to Many letter Foreign Tax Credit Relief Double Taxation Allowance project

The CIOT has reported that HMRC’s Wealthy External Forum has issued several briefings to forum members in relation to letters that it intends to send out in relation to foreign tax credit relief double taxation allowance.

29 Oct 2021 00:00 | Published by a Tolley Trusts and Inheritance Tax expert

HMRC’s One to Many letter Cryptoassets project

The CIOT has reported that HMRC’s Wealthy External Forum has issued several briefings to forum members in relation to letters that it intends to send out in relation to cryptoassets.

29 Oct 2021 00:00 | Published by a Tolley Trusts and Inheritance Tax expert

Popular Articles

Gifts out of surplus income

Gifts out of surplus incomeA valuable exemption from inheritance tax (IHT) applies to gifts out of surplus income. This exemption applies only to lifetime gifts and is therefore a key part of lifetime planning. The exemption applies to both outright gifts and gifts into trust. Gifts which meet the

14 Jul 2020 11:48 | Produced by Tolley in association with Emma Haley at Boodle Hatfield LLP Read more Read more

Self assessment ― estimates and provisional figures

Self assessment ― estimates and provisional figuresIf the taxpayer does not have sufficient information to enable them to complete the tax return in the time allowed, they should include either a best estimate or a provisional figure. The taxpayer should not either leave a box blank or enter

14 Jul 2020 13:37 | Produced by Tolley Read more Read more

Furnished holiday lets

Furnished holiday letsThis guidance note sets out the qualifying conditions for a property let to be treated as a furnished holiday let (FHL) for tax purposes and the subsequent tax implications.Whether or not a property qualifies as an FHL can make an important difference to the taxation

14 Jul 2020 11:46 | Produced by Tolley Read more Read more