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Open consultation: The future of customs declarations

HMRC and HM Treasury have launched a joint consultation on potential simplifications to customs declarations and the use of technology to facilitate declarations and other customs processes.

29 Jun 2023 00:00 | Published by a

SI 2023/704 The Money Laundering and Terrorist Financing (High-Risk Countries) (Amendment) Regulations 2023

These Regulations update the list of high-risk third countries in relation to which enhanced due diligence measures are required under the principal Money Laundering Regulations.

28 Jun 2023 00:00 | Published by a Tolley Employment Tax expert

SI 2023/696 The Register of Overseas Entities (Penalties and Northern Ireland Dispositions) Regulations 2023

These Regulations empower the Registrar to impose financial penalties for offences in relation to the registration of overseas entities, and apply an exception to restrictions on the registration of certain land transactions in Northern Ireland.

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

HMRC Stakeholder Digest - 22 June 2023

HMRC’s Stakeholder Digest (22 June 2023) provides a round-up of recent news and updates.

28 Jun 2023 00:00 | Published by a Tolley Personal Tax expert

CIOT and ATT response: The taxation of decentralised finance involving the lending and staking of cryptoassets

The CIOT and ATT have responded to the HMRC consultation on the taxation of decentralised finance involving the lending and staking of cryptoassets.

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

Legislation Day 2023: Finance Bill

The Treasury has announced that the Government will publish draft clauses for the next Finance Bill on 18 July 2023.

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

SI 2023/710 The Taxation of Chargeable Gains (Gilt-edged Securities) Order 2023

This order specifies seven securities as gilt-edged securities and therefore gains on their disposal are not chargeable gains for the purposes of capital gains tax or corporation tax on chargeable gains.

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

Weekly roundup of HMRC manual changes: 26 June 2023

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

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

Weekly roundup of HMRC import, export and customs guidance: 26 June 2023

Details of updates to HMRC import, export and customs guidance for the period from 20 June 2023 to 26 June 2023.

26 Jun 2023 00:00 | Published by a

Community Amateur Sports Club Newsletter 2 – June 2023

HMRC has published Community Amateur Sports Club (CASC) Newsletter 2 – June 2023.

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

Tax news roundup: 26 June 2023

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.

26 Jun 2023 00:00 | Published by a

CIOT response: Off-payroll working: calculation of PAYE liability in cases of non-compliance

The CIOT has responded to HMRC’s consultation on Off-payroll working: calculation of PAYE liability in cases of non-compliance.

23 Jun 2023 00:00 | Published by a Tolley Personal Tax expert

Government responds to Digital Services Tax report

The UK government has responded to the Public Accounts Committee’s report on Digital Services Tax.

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

Updated HMRC guidance on changing VAT registration details online

HMRC has updated its VAT registration guidance to explain how to use a VAT online account to make changes to VAT registration.

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

CIOT response: Tougher consequences for promoters of tax avoidance

The CIOT has responded to HMRC’s consultation on tougher consequences for promoters of tax avoidance.

22 Jun 2023 00:00 | Published by a Tolley Personal Tax expert

Finance (No 2) Bill 2023: Lords Bill published

The House of Lords Bill was published late on 21 June 2023, incorporating all changes agreed during the Bill’s passage through the Commons.

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

Treasury Committee issues report on Tax Simplification

The House of Commons Treasury Committee has published a report on Tax Simplification with several recommendations for government.

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

Weekly roundup of HMRC manual changes: 19 June 2023

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

19 Jun 2023 00:00 | Published by a Tolley Employment Tax expert

HMRC publishes new guidance on reporting of errors in VAT returns

HMRC has published new guidance to help businesses check whether they can correct errors in a future VAT return or whether the errors need to be reported separately using form VAT652.

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

Technical consultation: transfer pricing, permanent establishments and diverted profits tax

HMRC has launched a consultation on potential reforms to the UK legislation on transfer pricing, permanent establishments, and diverted profits tax. The consultation will close on 14 August 2023.

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

Popular Articles

Taxation of loan relationships

Taxation of loan relationshipsThe vast majority of companies will have loan relationships and so will need to consider how they are taxed under the loan relationship rules. There are also specific provisions dealing with relevant non-lending relationships and other deemed loan relationships.

14 Jul 2020 13:48 | Produced by Tolley Read more Read more

Interest and penalties on late paid tax under self assessment

Interest and penalties on late paid tax under self assessmentInterestIf the capital gains tax, the balancing payment or payments on account of tax and / or Class 4 national insurance contributions (NIC) are paid late, HMRC will charge interest on the amount overdue from the original due date. The

14 Jul 2020 12:00 | Produced by Tolley Read more Read more

Terminal trading loss relief

Terminal trading loss reliefTerminal loss relief for trade losses in the final 12 monthsTrading losses incurred by a company in the final 12 months leading up to the discontinuance of trade may be carried back for up to three years from the period beginning immediately before that 12-month period.

14 Jul 2020 13:49 | Produced by Tolley Read more Read more