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The CIOT has shared an update setting out that HMRC will change the way it carries out VAT assessments for overseas online marketplace traders from September 2022. From September, HMRC will issue assessments to traders in cases where the information held by HMRC indicates that VAT returns are inaccurate, rather than asking for additional information from traders in the first instance. This change will be of interest to marketplace traders, and online marketplace hosts.

HMRC has published Agent Update issue 98 (July 2022) providing a round-up of recent developments for tax agents and advisers.

HMRC and the Treasury have published a number of new consultations and responses, covering various subjects including the UK’s implementation of Pillar 2, the reporting rules for digital platforms, self-assessment notification of liability timings, and improving the way HMRC uses taxpayer data.

Partial exemption special methods are often used in specific sectors and HMRC has worked with representative bodies to produce sector specific partial exemption frameworks. The frameworks are intended to facilitate the agreement of consistent, fair, and reasonable partial exemption special methods. Frameworks are regularly updated and on 19 July 2022 HMRC published an online edition of the framework for NHS bodies, the previous edition having been published as a PDF document.

The Office of Tax Simplification has published a report which analyses the impacts of tax complexity and recommends that the principle of simplification should be embedded in the tax policy making process.

On 20 July 2022, the Treasury published a raft of legislation in draft which will form the basis of Finance Bill 2023.

HMRC has updated the CIOT regarding the deferral of the introduction of the Second-hand Motor Vehicle Export Refund Scheme that was to be introduced on 1 October 2022.

HMRC has published a new guidance on steps to be taken before registering as a professional tax agent.

These Regulations provide a new list of high-risk third countries in relation to which enhanced due diligence requirements apply under the principal Money Laundering Regulations.

HMRC’s latest Stakeholder Digest provides a round-up of the latest news and updates including information on Finance Bill 2023, PAYE tax refund using the HMRC app and tax-free childcare.

HMRC has updated its disclosure of tax avoidance schemes (DOTAS) and the disclosure of tax avoidance schemes: VAT and other indirect taxes, (DASVOIT) guidance.

11 July 2022 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

HMRC’s latest Digest provides a round-up of recent news including the latest tax gap data, the end of CHIEF for imports, HMRC’s tax repayment agent consultation, and the new corporate interest restriction working group.

The UK government intends to publish draft legislation for Finance Bill 2023 on 20 July 2022.

HMRC has updated its guidance on applying for Simplified Import VAT Accounting to include details in relation to the Customs Handling of Import and Export Freight (CHIEF) system from 1 October 2022.

HMRC has updated its guidance on claiming relief from plastic packaging tax (PPT) in various scenarios.

HMRC has updated its Expenses and benefits from employment, Directors’ loan accounts, National Insurance contributions and statutory payments and VAT partial exemption toolkits.

The Remote Observation and Recording (Courts and Tribunals) Regulations 2022, SI 2022/705, which were made under section 85A of the Courts Act 2003 (which was itself introduced by section 198 of the Police, Crime, Sentencing and Courts Act 2022), came into force on 28 June 2022. Also on 28 June 2022, the Lord Chief Justice and the Senior President of the Tribunals published Practice Guidance on Remote Observation of Hearings—New Powers in order to help judicial office holders understand and apply the law.

HMRC has updated its capital gains tax (CGT) for trusts and estates supplementary toolkit and its VAT input tax toolkit.

27 June 2022 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.