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Treasury Minutes: August 2022 - Government response on HMRC's lessons from IR35 reforms

In the Treasury minutes published on 5 August 2022, the government has responded, among other things, to the Public Accounts Committee (PAC) report from session 2022–2023 on HMRC’s lessons from implementing IR35 reforms.

08 Aug 2022 00:00 | Published by a Tolley Employment Tax expert

Weekly roundup of HMRC post-Brexit import, export and customs guidance: 8 August 2022

HMRC has updated its import, export and customs guidance to reflect the post-Brexit regime. The update covers the period from 2 August 2022 to 8 August 2022.

08 Aug 2022 00:00 | Published by a

HMRC Stakeholder Digest: 4 August 2022

HMRC’s Stakeholder Digest (4 August 2022) provides a round-up of recent news including Legislation Day and HMRC’s annual report and accounts for 2021–22.

08 Aug 2022 00:00 | Published by a Tolley Corporation Tax expert

HMRC Trusts and Estates Newsletter: August 2022

HMRC has published its Trusts and Estates Newsletter for August 2022.

08 Aug 2022 00:00 | Published by a Tolley Trusts and Inheritance Tax expert

HMRC increases late-payment interest rates

HMRC has increased the interest rates for late payments of tax following the Bank of England’s decision on 5 August 2022 to increase the bank base rate from 1.25% to 1.75%.

08 Aug 2022 00:00 | Published by a Tolley Corporation Tax expert

Tax news roundup: 8 August 2022

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.

08 Aug 2022 00:00 | Published by a

HMRC publishes Q&As on common errors in the calculation of CJRS grants

New guidance sets out HMRC’s response in relation to common errors in the calculation of Coronavirus Job Retention Scheme (CJRS) grants for eligible employees.

05 Aug 2022 00:00 | Published by a Tolley Employment Tax expert

OTS to review tax implications of hybrid and distance working

The OTS has published a scoping note setting out the themes for its planned call for evidence on the emerging trends and tax implications of hybrid and distance working.

04 Aug 2022 00:00 | Published by a Tolley Corporation Tax expert

FTT publishes updated guidance on oral evidence from abroad

The Tax Chamber President has released updated guidance on the procedure to be followed when a party to a case wishes to rely on oral evidence given by video or telephone from abroad.

03 Aug 2022 00:00 | Published by a Tolley Corporation Tax expert

Call for evidence: An Independent Customs Regime

The summary of responses on the independent customs regime has been published.

01 Aug 2022 00:00 | Published by a

Weekly roundup of HMRC post-Brexit import, export and customs guidance: 1 August 2022

HMRC has published further updated guidance for imports, exports and customs to reflect the post-Brexit regime.

01 Aug 2022 00:00 | Published by a

Call for evidence on Scottish Government block grant adjustments for tax and welfare devolution

A call for evidence has been published on Scottish Government block grant adjustments for tax and welfare devolution. The consultation closes on 19 September 2022.

01 Aug 2022 00:00 | Published by a Tolley Owner-Managed Businesses expert

Directions under regulation 2(2) of the Corporate Interest Restriction (Electronic Communications) Regulations 2022

Directions have been published setting out HMRC approved methods of delivery for customers and agents submitting Corporate Interest Restriction notices and returns.

01 Aug 2022 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC manual changes: 1 August 2022

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

01 Aug 2022 00:00 | Published by a Tolley Employment Tax expert

HMRC publishes revised agent toolkit on capital allowances for plant and machinery

HMRC has published an updated version of its agent toolkit for capital allowances for plant and machinery for 2021–22.

01 Aug 2022 00:00 | Published by a Tolley Corporation Tax expert

SI 2022/876 The Economic Crime (Transparency and Enforcement) Act 2022 (Commencement No. 3) Regulations 2022

These Regulations bring into force most of the provisions of Part 1 of the Economic Crime (Transparency and Enforcement) Act 2022 relating to the registration of overseas entities.

01 Aug 2022 00:00 | Published by a Tolley Employment Tax expert

Tax news roundup: 1 August 2022

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.

01 Aug 2022 00:00 | Published by a

HMRC publishes revised agent toolkit for property rental income

HMRC has published an updated version of its agent toolkit for property rental income for 2021–22.

29 Jul 2022 00:00 | Published by a Tolley Owner-Managed Businesses expert

Lesotho ratifies BEPS Multilateral Instrument

Lesotho has deposited its instrument of ratification for the BEPS Multilateral Instrument.

29 Jul 2022 00:00 | Published by a Tolley Corporation Tax expert

Professional bodies call for greater clarity around taxpayer obligations under MTD for Income Tax

The ATT and CIOT are calling on HMRC to publish ‘detailed practical guidance’ setting out taxpayer obligations under Making Tax Digital for Income Tax Self-Assessment, and to ‘objectively review’ the proposed timetable for implementation.

29 Jul 2022 00:00 | Published by a Tolley Owner-Managed Businesses expert

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Exporting goods ― proof of export

Exporting goods ― proof of exportIn addition to the requirements laid down in the Exporting goods ― overview guidance note, businesses intending to zero-rate exported goods must hold satisfactory evidence that the goods have been delivered to a destination outside of the UK. If satisfactory evidence

15 Dec 2020 14:02 | Produced by Tolley Read more Read more

Trade or hobby

Trade or hobbyInteraction of hobby farming rules and commercialityFarming has its own set of ‘hobby farming rules’, which historically have stated that a profit must be made every six years. This is known as ‘the five-year rule’, in that there can be five years of losses but there must be a profit

14 Jul 2020 13:50 | Produced by Tolley Read more Read more

Short-term business visitors (STBVs)

Short-term business visitors (STBVs)What is a short-term business visitor?An STBV for UK tax purposes is an individual who performs duties for a non-UK employer and as a part of those duties has been asked to spend a short period working in the UK. There is a common misconception that there is

14 Jul 2020 13:40 | Produced by Tolley in association with Gill Salmons Read more Read more