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HMRC has substantially updated its promoters of tax avoidance schemes (POTAS) guidance to reflect updates to the provisions introduced by

These Regulations set out the detailed administrative requirements for the Plastic Packaging Tax which was introduced in Finance Act 2021. In particular, the regulations provide detailed definitions which establish when a plastic packaging component is finished and therefore becomes chargeable for the purposes of the tax. These Regulations come into force on 1 April 2022.

These regulations remove multiple charges to Stamp Duty and Stamp Duty Reserve Tax (SDRT) for securities that are transferred to the clearing house known as LCH SA, its clearing participants or its nominees, where the purpose of the transfer is the onward clearing of those securities to the ultimate purchaser.

HM Treasury has announced the opening of a consultation seeking views on improvements to help traders access a quality customs intermediary sector, how the benefits of the Simplified Customs Declaration Process can be expanded, and how the Transit facilitation can be improved. HM Treasury has said that the government will use gathered evidence to support changes to the UK’s customs system. The consultation will close on 2 May 2022.

HM Revenue and Customs (HMRC) has published new guidance detailing the rates and thresholds for employers operating a payroll or providing expenses and benefits to their employees. These rates and allowances apply from 6 April 2022 to 5 April 2023.

The Chartered Institute of Taxation (CIOT) has responded to HMRC’s consultation on Mandatory Disclosure Rules (MDR) regime.

HMRC has updated its import, export and customs guidance to reflect the post-Brexit regime. The update covers the period from 31 January 2022 to 7 February 2022.

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

HMRC has published a new VAT Brief which explains HMRC's revised policy on VAT early termination payments and compensation payments and replaces Revenue and Customs Brief 12 (2020).

HM Courts & Tribunals Service has updated the Chancery Guide. The revised Chancery Guide states that it was 'Amended January 2022' and is therefore in force with immediate effect.

The Chartered Institute of Taxation (CIOT) has responded to the HM Treasury R&D Tax Reliefs Report.

Following the agreement reached in October 2021 to a two-pillar solution to address the tax challenges arising from digitalisation and globalisation of the economy, the OECD is now launching a consultation seeking public views on a number of aspects of Pillar One and Pillar Two.

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.

HMRC has announced that the interest rates for late payments will be revised. This follows from the Bank of England’s (BoE) Monetary Policy Committee vote on 2 February 2022 to increase the BoE interest rate from 0.25% to 0.50%.

HMRC has confirmed to the CIOT that the income tax self-assessment late-filing penalty waiver (no penalties for returns filed by 28 February 2022) will also apply for the reporting of overclaimed Covid-19 grants.

The CIOT and Low Incomes Tax Reform Group (LITRG) have responded to the inquiry by the Finance Committee of the Senedd Cymru (Welsh Parliament) into the Welsh Tax Acts etc. (Power to Modify) Bill.

HMRC has published the latest versions of its employer guide to Class 1A National Insurance contributions on benefits in kind, termination payments and sporting testimonial payments (CWG5), and of its further guidance for employers on PAYE and National Insurance contributions (CWG2), the latter to be used from 6 April 2022.

The Ministry of Justice (MoJ) has welcomed an interim report on e-signatures, published by the Industry Working Group on Electronic Execution of Documents, which identifies best practice guidance based on existing technology and provides recommendations for future reform.

HMRC has published new guidance that provides information on how to value stocks and shares of someone who has died for inheritance tax purposes.

HMRC has substantially updated its disclosure of tax avoidance schemes (DOTAS) guidance. New topics covered include HMRC’s powers, introduced in the