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HMRC has published Agent Update issue 87 (August 2021) providing a round-up of recent developments for tax agents and advisers.

HMRC has updated Notice 706 with details on the use of Partial Exemption Special Method (PESM) to recover input tax on goods or services that businesses supply.

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

Barbados has joined the two-pillar plan to reform the international taxation rules to ensure that multinational enterprises pay a fair share of tax wherever they operate.

Maldives, Papua New Guinea and Rwanda have signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters (the Organisation for Economic Co-operation and Development ((OECD’s)) treaty for international tax co-operation and exchange of information), bringing the total number of jurisdictions that participate in the Convention to 144.

HMRC has published its bi-monthly magazine providing the latest information on payroll-related topics for employers and agents.

The Law Society has responded to HMRC’s call for evidence on simplifying the VAT land exemption following recommendations in the Office for Tax Simplification’s (OTS) 2017 VAT review.

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

HMRC has added the UK-USA Competent Authority Agreement signed in July 2021 to its international treaty collection.

The Chartered Institute of Taxation (CIOT) has responded to HMRC’s call for evidence on Simplifying the VAT Land Exemption which closed on 3 August 2021.

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

HMRC has updated its guidance and VAT notice 742A to reflect that the temporary extension to the time limit for notifying an option to tax ended on 31 July 2021.

HMRC has updated VAT Notice 700/17 with a new section on what a company must do if it is being wound up, and receives supplies for which it is liable for VAT.

HMRC has updated its guidance on VAT deferred due to coronavirus to cover the penalty that may be charged where businesses failed to pay the deferred VAT in full by 30 June 2021 and how to appeal against that penalty.

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

HMRC has updated its factsheet on the penalties it may charge for enablers of tax avoidance which are subsequently defeated to reflect changes made by

The initial draft clauses for the 2022 Finance Act were published on 20 July 2021 and include more detail on previously announced proposals. Whilst the Government refers to it as draft legislation for Finance Bill 2021/22, in this commentary, for clarity, it is referred to as Draft Finance Bill 2022. The final contents of the Bill will be subject to confirmation at a later date, expected to be in the Autumn, though it is uncertain whether this will be combined with an Autumn Budget.

The Chartered Institute of Taxation (CIOT) has published its response to the HMRC call for evidence on the tax administration framework: supporting a 21st century system.

HMRC has published Agent Update issue 86 (July 2021) providing a round-up of recent developments for tax agents and advisers.

HMRC has updated the PDDD1 letter it sends out before publishing a taxpayer’s details following a deliberate inaccuracy penalty.