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HMRC has published Agent Update issue 110 (19 July 2023) providing a round-up of recent developments and changes to legislation and allowances relating to UK tax for tax agents and advisers.

In the Treasury minutes published on 17 July 2023, the government has responded, among other things, to the Public Accounts Committee (PAC) report from session 2022-23 on managing tax compliance following the COVID-19 pandemic.

Hot on the heels of

HMRC has updated VAT Notice 701/1 to add a new section on validity of the certificates issued to get certain construction works at zero rate and to update information in relation to the stage 2 test.

Finance (No 2) Act 2023

The CIOT has responded to the House of Commons Public Accounts Committee (PAC) inquiry into Progress with Making Tax Digital.

HMRC has published a notice setting out how to notify them of any changes to the information supplied on an application for registration for the One Stop Shop (OSS) Scheme.

HMRC is increasing the late-payment interest rate to 7.50% and the repayment rate to 4% from 11 July 2023. Interest on quarterly instalment payments of corporation tax is also increased from 3 July 2023.

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

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

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

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

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

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

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.

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).

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.

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

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