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The CIOT has shared guidance to help businesses understand when to sign up for Making Tax Digital (MTD) for VAT.

HMRC has updated its guidance on telling HMRC about any unpaid tax with the inclusion of new sections about 'other disclosures' and the 'Contractual Disclosure Facility'.

These Regulations amend definitions within tax legislation specific to banks to reflect changes made by the Financial Conduct Authority (FCA) following the introduction of their new Investment Firm Prudential Regime (IFPR) with effect from 1 January 2022. The Regulations come into force on 5 April 2022.

The OECD has published commentary and illustrative examples on the model global minimum tax rules forming part of its two-pillar global tax reform plan. They are also seeking public comments on the issues that should be addressed as part the GloBE Implementation Framework.

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Weekly roundup of HMRC post-Brexit import, export and customs guidance: 14 March 2022

HMRC’s Stakeholder Digest (11 March 2022) provides a round-up of the latest news and updates including information on sending humanitarian aid to Ukraine, setting up Self Assessment payment plans by 1 April and Electronic sales suppression (ESS).

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.

These Regulations make provision about the assessment, payment, collection and recovery of the economic crime (anti-money laundering) levy.

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

These Regulations provide the technical requirements needed to allow HMRC to administer the allowance for the Residential Property Developer Tax (RPDT) in relation to groups of companies and joint ventures.

These Regulations implement the new authorisation and supervisory regime for collective money purchase schemes under Part 1 of the Pension Schemes Act 2021.

HMRC has published a new VAT brief which explains what businesses must do if they have chosen to continue using the Lennartz mechanism and entered the arrangement before 22 January 2010.

Botswana joins the Yaoundé Declaration, an African Union initiative for transparency and exchange of information for tax purpose.

HM Revenue & Customs (HMRC) have reported the outcomes of an internal review of its powers to uphold standards for agents in the tax advice market. HMRC considered the scope of its powers, whether they cover all elements of agent standards, its approach to using these powers to tackle poor agent behaviours and any differences in approach in relation to agents that are professional body members compared to those who are not. HMRC further set out four actions it will take to uphold standards and further stated consultations will follow on challenging the high cost of claiming tax refunds and on options to improve the regulatory framework in the tax advice market.

These Regulations make provision in consequence of the Tax Credits, Child Benefit and Guardian’s Allowance Up-rating Regulations, SI 2022/231 which provide for the annual up-rating of Guardian’s Allowance, among other things in England, Northern Ireland, Scotland and Wales.

The Economic Crime (Transparency and Enforcement) Bill received its second reading in the House of Lords on 9 March 2022 and is scheduled to complete remaining Lords stages on 14 March.

These Regulations bring certain derivative contracts entered into on or after 1 April 2022 within the scope of the Loan Relationships and Derivative Contracts (Disregard and Bringing into Account of Profits and Losses) Regulations, SI 2004/3256 and amend the Exchange Gains and Losses (Bringing into Account Gains or Losses) Regulations, SI 2002/1970 to allow certain debits and credits from currency derivative contracts to be left out of account and, in certain circumstances, to be brought back into account for corporation tax purposes.

The OECD has received responses to the consultation on the draft rules for tax base determinations under Pillar One Amount A.

These Regulations give effect to the annual re-rating of various National Insurance contributions rates, limits and thresholds from 6 April 2022.