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CIOT response: Business rate review

The Chartered Institute of Taxation (CIOT) has responded to HM Treasury’s Business Rates Review consultation on more frequent revaluations which closed on 24 August 2021.

25 Aug 2021 00:00 | Published by a Tolley Owner-Managed Businesses expert

Revenue and Customs Brief 12 (2021): VAT treatment of gaming machines from 6 December 2005 to 31 January 2013

HMRC has published a new VAT Brief which explains what taxpayers with appeals related to the VAT treatment of gaming machines from 6 December 2005 to 31 January 2013 must do to claim VAT refunds.

25 Aug 2021 00:00 | Published by a Tolley Value Added Tax expert

Company cars: advisory fuel rates from 1 September 2021

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

25 Aug 2021 00:00 | Published by a Tolley Employment Tax expert

Revenue and Customs Brief 11 (2021): VAT liability of Coronavirus (COVID-19) testing services

HMRC has published a new VAT Brief which explains the rules for the VAT treatment of COVID-19 testing services.

24 Aug 2021 00:00 | Published by a Tolley Value Added Tax expert

Restoring public trust in HMRC: settlements with large corporate taxpayers

The All-Party Parliamentary Group on Anti-Corruption and Responsible Tax has released a policy paper, which is based on and expands on the recommendations made in their response to the call for evidence on the tax administration framework earlier in 2021.

24 Aug 2021 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC manual changes – 23 August 2021

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

23 Aug 2021 00:00 | Published by a Tolley Corporation Tax expert

Tax news roundup: 23 August 2021

In the ever-fast-moving world of tax announcements and developments, this news pulls together some of the key changes announced this week. Our commentary will be updated in due course to reflect these latest developments.

23 Aug 2021 00:00 | Published by a

Retail Export Scheme (Northern Ireland)

HMRC has updated 'VAT Notice 704: Retail Export Scheme (Northern Ireland)' to clarify the treatment of goods moving from Northern Ireland to Great Britain where a claim has been made under the VAT retail export scheme.

23 Aug 2021 00:00 | Published by a Tolley Value Added Tax expert

Weekly roundup of HMRC post-Brexit import, export and customs guidance: 23 August 2021

HMRC has updated its import, export and customs guidance to reflect the post Brexit regime. The update covers the period from 16 August 2021 to 23 August 2021.

23 Aug 2021 00:00 | Published by a

SEISS API problem

The Chartered Institute of Taxation (CIOT) has reported a problem with HMRC’s software that is causing incorrect SEISS figures to be included in the self-assessment tax return.

23 Aug 2021 00:00 | Published by a Tolley Employment Tax expert

Large businesses: update on HMRC's uncertain tax treatment guidance

Following consultation, the government is introducing new rules on the requirement for large businesses to notify HMRC when they take an uncertain tax position. HMRC has published new guidance on the rules which have been laid out in Draft Finance Bill 2022.

20 Aug 2021 00:00 | Published by a Tolley Corporation Tax expert

Agent update: issue 87

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

19 Aug 2021 00:00 | Published by a Tolley Corporation Tax expert

Digital tax reform: professional bodies urge caution

The CIOT, ATT and other professional bodies have urged the UK government to reconsider the timetable for basis period reform alongside other changes in the move towards a digital tax system.

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

HMRC updated guidance: managing agent authorisations online

HMRC has updated its guidance on how to change or remove authorisation online, by phone or in writing with further information for tax agents on telling HMRC about changes to their agent services account and some services within their HMRC online services for agents account.

18 Aug 2021 00:00 | Published by a

Safety and Security (S&S) requirements for imports and exports

HMRC has updated the requirements on S&S for imports and exports that apply to all movements out of Great Britain, unless the goods are covered under the temporary waiver or are going to Northern Ireland.

18 Aug 2021 00:00 | Published by a

HMRC publishes managing pension schemes service newsletter for August 2021

HMRC has published its managing pension schemes service newsletter for August 2021. The newsletter is designed to update stakeholders on the latest news for pension schemes.

17 Aug 2021 00:00 | Published by a Tolley Personal Tax expert

Partial Exemption Special Method (VAT Notice 706)

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.

17 Aug 2021 00:00 | Published by a Tolley Value Added Tax expert

Tax news roundup: 16 August 2021

In the ever-fast-moving world of tax announcements and developments, this news pulls together some of the key changes announced this week. Our commentary will be updated in due course to reflect these latest developments.

16 Aug 2021 00:00 | Published by a

Weekly roundup of HMRC manual changes: 16 August 2021

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

16 Aug 2021 00:00 | Published by a Tolley Corporation Tax expert

Stamp Taxes Newsletter : August 2021

HMRC has released its Stamp Taxes Newsletter for August 2021.

16 Aug 2021 00:00 | Published by a

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Corporate interest restriction ― administrative aspects

Corporate interest restriction ― administrative aspectsThe corporate interest restriction (CIR) regime has some specific administrative rules in addition to the general administrative requirements for corporation tax returns. This guidance note does not include commentary on provisions that are

14 Jul 2020 11:19 | 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

Entity classification

Entity classificationImplications of entity classificationIf a subsidiary is established, it is important to determine how it will be treated for UK tax purposes as this will determine the basis on which it is taxed. A subsidiary may either be transparent (like a partnership, where the individual

14 Jul 2020 11:37 | Produced by Tolley Read more Read more