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

HMRC has launched a technical consultation on draft regulations which will extend the scope of the 鈥楧isregard Regulations鈥� to cover derivative contracts which act as a hedge of a foreign exchange risk in relation to an anticipated future acquisition or disposal of a substantial shareholding.

HMRC has updated its Coronavirus Job Retention Scheme guidance to cover how employers should deal with underpayments to employees that come to light when filing the tax return, and offsetting overclaimed amounts against underclaims for other employees in the same claim period.

These Regulations amend the Statutory Sick Pay (Medical Evidence) Regulations, SI 1985/1604 to increase the number of days for which an employee is not required to provide medical evidence of sickness absence to their employer from 7 days to 28 days.

HMRC has updated its capital gains tax for land and buildings, capital gains tax for shares, income tax losses, capital gains tax for trusts and estates supplementary, trusts and estates, National Insurance contributions and statutory payments, Chargeable gains for companies', Expenses and benefits from employment toolkits for 2020/21 and Property rental toolkit.

The UK has agreed a protocol to the existing double taxation agreement with Taiwan (SI 2002/3137 (鈥榯he Agreement鈥�)). The protocol is set out in The Double Taxation Relief and International Tax Enforcement (Taiwan) Order 2021, SI 2021/1447.

HMRC has published Agent Update issue 91 (December 2021) providing a round-up of recent developments for tax agents and advisers.

This instrument sets the figures for calculating the cash equivalent of fuel for cars and vans and the benefit of the use of a van for the 2022-23 tax year.

The government has proposed amendments to Schedules 2 (qualifying asset holding companies) and 15 (notification of uncertain tax treatment). Government amendments to clause 28 (diverted profits tax) were passed on 1 December.

The Chartered Institute of Taxation has shared an update on behalf of HMRC on Income Tax Self-Assessment (ITSA) repayment claim verification letters (鈥楽URF鈥� letters).

The CIOT has published the latest HMRC Stakeholder Digest (9 December 2021) which provides a round-up of the latest news and updates.

The Chartered Institute of Taxation has shared an update on behalf of HMRC on Making Tax Digital for Income Tax Self-Assessment (MTD ITSA) pilot.

The self-serve online facility to agree time to pay for income tax self assessment liabilities of under £30,000 remains available and can be used to spread the payment of tax due by 31 January 2022. This facility is available to all taxpayers who have filed their 2020/21 tax return and plan to pay off the debt within 12 months.

The Scottish government delivered its 2022-23 budget on 9 December 2021

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

6 December 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 Coronavirus Job Retention Scheme guidance to add a new section on how to top up employees鈥� wages where businesses have claimed a grant but not paid employees enough, and further information about offsetting overclaimed amounts.

These Regulations amend section 318C of ITEPA 2003, which defines 鈥渜ualifying childcare鈥� for the purposes of exemptions from income tax for employee benefits in respect of certain employer-provided or employer-contracted childcare.

The CIOT has published the latest HMRC Stakeholder Digest (30 November 2021) which provides a round-up of the latest news and updates.

These Regulations are being made to exempt from tax four new social security payments with retrospective effect from the date of their respective introductions.