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HMRC has substantially updated its promoters of tax avoidance schemes (POTAS) guidance to reflect updates to the provisions introduced by

HM Revenue and Customs (HMRC) has published new guidance detailing the rates and thresholds for employers operating a payroll or providing expenses and benefits to their employees. These rates and allowances apply from 6 April 2022 to 5 April 2023.

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

The Chartered Institute of Taxation (CIOT) has responded to the HM Treasury R&D Tax Reliefs Report.

Following the agreement reached in October 2021 to a two-pillar solution to address the tax challenges arising from digitalisation and globalisation of the economy, the OECD is now launching a consultation seeking public views on a number of aspects of Pillar One and Pillar Two.

HMRC has announced that the interest rates for late payments will be revised. This follows from the Bank of England’s (BoE) Monetary Policy Committee vote on 2 February 2022 to increase the BoE interest rate from 0.25% to 0.50%.

HMRC has confirmed to the CIOT that the income tax self-assessment late-filing penalty waiver (no penalties for returns filed by 28 February 2022) will also apply for the reporting of overclaimed Covid-19 grants.

The CIOT and Low Incomes Tax Reform Group (LITRG) have responded to the inquiry by the Finance Committee of the Senedd Cymru (Welsh Parliament) into the Welsh Tax Acts etc. (Power to Modify) Bill.

HMRC has substantially updated its disclosure of tax avoidance schemes (DOTAS) guidance. New topics covered include HMRC’s powers, introduced in the

The Chartered Institute of Taxation (CIOT) has shared an update from HMRC which provides further details on Notices to file income tax returns incorrectly issued to non-resident corporate landlords.

HMRC has published new guidance for companies on providing evidence to support their Company Tax Return for claiming creative industry tax reliefs for Corporation Tax.

The UK government is to introduce a new tax to counter the risk of businesses taking assets for their own benefit at the expense of energy supply businesses which depend on those assets and which, as a result, become insolvent, with the associated costs of maintaining energy supply passing to the state.

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

The CIOT has published the latest HMRC Stakeholder Digest (26 January 2022) which provides a round-up of the latest news, including the late payment of voluntary Class 2 NICs and the delayed introduction of the new VAT penalty regime.

Finance Bill 2022 will be considered at Report Stage in the House of Commons on 2 February 2022. The government has proposed a number of amendments which are expected to be approved at this final stage for changes.

The Chartered Institute of Taxation (CIOT) has issued a response to the HMRC stakeholder consultation on Review of Double Taxation Treaties (DTTs) 2022-23.

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

The OECD has published the results from its latest peer review of preferential tax regimes on Mutual Agreement Procedures.

The Law Society jointly with the City of London Law Society has responded to HMRC’s consultation on the introduction of a UK re-domiciliation regime to support companies seeking to relocate to the UK.

The OECD has released the 2022 edition of the OECD Transfer Pricing Guidelines which provide guidance on the application of the ‘arm’s length principle’.