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Details of updates to HMRC import, export and customs guidance for the period from 16 May 2023 to 22 May 2023.

HMRC has published two new guidance notes on the second-hand motor vehicle payment scheme.

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.

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

HMRC has published a form for marriage allowance applications by post.

The text of the 2023 UK-San Marino Double Taxation Convention has been added to the HMRC tax treaties page.

HMRC is increasing the late payment rate of interest to 7%, and the repayment interest rate to 3.5% from 31 May 2023. Interest on quarterly instalment payments of corporation tax is also increased from 22 May 2023.

These regulations implement aspects of the Register of Overseas Entities. They prescribe the characteristics of a foreign limited partner, allow for information held within the Register to be removed on application under certain circumstances, and amend the protection elements in certain acts.

The UK government has responded to the Public Accounts Committee’s report on COVID employment support schemes.

The Retained EU Law (Revocation and Reform) Bill will now not automatically remove remaining retained EU law and EU-derived secondary legislation on 31 December 2023.

Sierra Leone has become the 168th member – and 37th African member – of the Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum).

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.

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

The CIOT and ATT have responded to the HM Treasury consultation on future financial services regulatory regime for cryptoassets.

HMRC has updated its standard for agents.

HMRC has published Employment Related Securities (ERS) Bulletin 50.

These Regulations increase the limits that apply to the amounts of capital that accredited community development finance institutions (CDFIs) can raise from corporate and individual investors, and on which those investors can claim community investment tax relief (CITR).

HMRC’s Stakeholder Digest (11 May 2023) provides a round-up of recent news and updates.

This Order provides a second further opportunity for shipping companies and groups to elect into the tonnage tax regime.

HMRC has made substantial changes to its Corporate Finance Manual at