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Government proposes further Finance (No 2) Bill amendments for Report Stage

The Chancellor has put forward several amendments, including two new clauses, which will be considered in the House of Commons at Report Stage on 20 June 2023 (rescheduled from the original 19 June date).

14 Jun 2023 00:00 | Published by a Tolley Corporation Tax expert

HMRC consultation: Introducing a voluntary standard for customs intermediaries

HMRC has launched a consultation seeking views on the proposal to introduce a voluntary standard for customs intermediaries, with the aim of improving the quality of service across the sector.

13 Jun 2023 00:00 | Published by a Tolley Corporation Tax expert

CIOT response: Reserved Investor Fund consultation

The Chartered Institute of Taxation (CIOT) has responded to the HM Treasury consultation on Reserved Investors Fund (RIF).

12 Jun 2023 00:00 | Published by a Tolley Corporation Tax expert

National Audit Office Report: Progress with Making Tax Digital

The National Audit Office (NAO) has published a report, Progress with Making Tax Digital. The report considers progress to implement Making Tax Digital, and whether HMRC’s latest plans provide confidence that the programme will deliver value for money.

12 Jun 2023 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC manual changes: 12 June 2023

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

12 Jun 2023 00:00 | Published by a Tolley Corporation Tax expert

Revenue and Customs Brief 6 (2023): VAT liability of digital publications — Supreme Court decision in News Corp and Ireland Ltd

This brief provides an update on the VAT treatment of supplies of digital newspapers and other digital publications before 1 May 2020.

09 Jun 2023 00:00 | Published by a Tolley Value Added Tax expert

Weekly roundup of HMRC manual changes: 5 June 2023

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

05 Jun 2023 00:00 | Published by a Tolley Trusts and Inheritance Tax expert

CIOT response: VAT energy saving materials relief

The Chartered Institute of Taxation (CIOT) has responded to HMRC’s consultation: 'VAT energy saving materials relief - improving energy efficiency and reducing carbon emissions'.

05 Jun 2023 00:00 | Published by a Tolley Value Added Tax expert

HMRC Stakeholder Digest: 25 May 2023

HMRC’s Stakeholder Digest (25 May 2023) provides a round-up of recent news and updates.

30 May 2023 00:00 | Published by a Tolley Owner-Managed Businesses expert

Agent update: issue 108

HMRC has published Agent Update issue 108 (24 May 2023) providing a round-up of recent developments and changes to legislation and allowances relating to UK tax for tax agents and advisers.

25 May 2023 00:00 | Published by a Tolley Corporation Tax expert

CIOT comments: Draft regulations on VAT provision for drink deposit return schemes

The CIOT has published its comments on the draft regulations on VAT provisions for drink deposit return schemes.

24 May 2023 18:30 | Published by a Tolley Value Added Tax expert

HMRC guidance: VAT-related payments using the second-hand motor vehicle payment scheme

HMRC has published two new guidance notes on the second-hand motor vehicle payment scheme.

22 May 2023 00:00 | Published by a Tolley Value Added Tax expert

HMRC updates interest rates following Bank of England decision

HMRC is increasing the late payment rate of interest to 7%, and the repayment interest rate to 3.5% from 31 May 2023. Interest on quarterly instalment payments of corporation tax is also increased from 22 May 2023.

16 May 2023 00:00 | Published by a Tolley Corporation Tax expert

Retained EU law sunset clause abandoned

The Retained EU Law (Revocation and Reform) Bill will now not automatically remove remaining retained EU law and EU-derived secondary legislation on 31 December 2023.

16 May 2023 00:00 | Published by a Tolley Corporation Tax expert

HMRC Stakeholder Digest - 11 May 2023

HMRC’s Stakeholder Digest (11 May 2023) provides a round-up of recent news and updates.

12 May 2023 00:00 | Published by a Tolley Owner-Managed Businesses expert

Technical consultation: The Plastic Packaging Tax (General) (Amendment) Regulations 2023

HMRC has launched a technical consultation seeking views on draft regulations to amend the rules for claiming tax credits in certain circumstances in respect of Plastic Packaging Tax.

11 May 2023 00:00 | Published by a Tolley Owner-Managed Businesses expert

HMRC yearly average and spot rates

HMRC has published its updated list of yearly average and spot foreign exchange rates for the year to 31 March 2023.

04 May 2023 00:00 | Published by a Tolley Corporation Tax expert

Updated HMRC guidance for tax agents

HMRC has updated its tax agents guidance to clarify when a tax agent must have an agent service account.

04 May 2023 00:00 | Published by a Tolley Corporation Tax expert

Revenue and Customs Brief 5 (2023): change to the VAT treatment of medical services carried out by non-registered staff directly supervised by pharmacists

This brief details a change to the VAT treatment of medical services carried out by non-registered staff directly supervised by pharmacists from 1 May 2023.

03 May 2023 00:00 | Published by a Tolley Value Added Tax expert

Updated VAT Notice 708/6: Energy-saving materials and heating equipment

HMRC has updated its VAT notice on installing energy-saving materials and grant-funded heating equipment.

02 May 2023 00:00 | Published by a Tolley Value Added Tax expert

Popular Articles

Payments to trust beneficiaries

Payments to trust beneficiariesThis guidance note considers the trustees powers to make payments and whether the payment made is income or capital.This guidance note is designed to give outline and background for accountants and tax advisers who deal with clients establishing trusts. It is not

14 Jul 2020 12:52 | Produced by Tolley Read more Read more

First year allowances

First year allowancesFirst year allowances (FYAs) are available on the following items:•first-year relief on qualifying new main rate plant and machinery (at 100%, which is described by HMRC as ‘full expensing’) and special rate assets (at 50%) from 1 April 2023 (companies only). These FYAs were

14 Jul 2020 11:41 | Produced by Tolley Read more Read more

Corrections and amendments to the IHT account

Corrections and amendments to the IHT accountThis guidance note explains how to deal with changes to the taxable values in the original inheritance tax account.Why do amendments arise?When the IHT account is first submitted to HMRC, it is based on information available at an early stage of the

14 Jul 2020 11:20 | Produced by Tolley Read more Read more