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Weekly Roundup HMRC Manuals: 31 July 2023

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

31 Jul 2023 00:00 | Published by a Tolley Corporation Tax expert

Updated HMRC guidance: disposing of a super-deduction or special rate first year allowance asset

HMRC has updated its guidance on working out the balancing charge when a plant or machinery is sold or disposed by a company after claiming allowances for them.

26 Jul 2023 00:00 | Published by a Tolley Corporation Tax expert

Luxembourg ratifies double tax convention with the UK

The Luxembourg Parliament approved for ratification the double tax convention between Luxembourg and the UK which was signed on 7 June 2022.

25 Jul 2023 00:00 | Published by a Tolley Owner-Managed Businesses expert

Weekly Roundup HMRC Manuals: 24 July 2023

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

24 Jul 2023 00:00 | Published by a Tolley Corporation Tax expert

CIOT response: Construction Industry Scheme reform

The CIOT has responded to the HMRC consultation on Construction Industry Scheme reform.

20 Jul 2023 00:00 | Published by a Tolley Corporation Tax expert

Pension schemes newsletter 152 — July 2023

HMRC has published pension schemes newsletter 152.

20 Jul 2023 00:00 | Published by a Tolley Employment Tax expert

HMRC issues clarifications on Structures and Buildings Allowances

HMRC has responded to the CIOT's submission: 'Uncertainties in relation to Structures and Buildings Allowances'.

20 Jul 2023 00:00 | Published by a Tolley Corporation Tax expert

Agent Update: issue 110

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.

20 Jul 2023 00:00 | Published by a Tolley Corporation Tax expert

Basis Period Reform: support from HMRC with overlap relief

The ATT have shared an update from HMRC that an online tool will be launched on 29 August 2023 allowing businesses, the self-employed and their agents to request details of overlap profits where that data is held by HMRC.

19 Jul 2023 00:00 | Published by a Tolley Owner-Managed Businesses expert

CIOT response: The Tax Administration Framework Review: information and data

The CIOT has responded to the HMRC consultation on The Tax Administration Framework Review: information and data.

19 Jul 2023 00:00 | Published by a Tolley Owner-Managed Businesses expert

Treasury Minutes: July 2023 – Government response on managing tax compliance following the pandemic

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.

18 Jul 2023 00:00 | Published by a Tolley Corporation Tax expert

Government publishes draft legislation for next Finance Bill

Hot on the heels of

18 Jul 2023 00:00 | Published by a Tolley Corporation Tax expert

CIOT response: the Tax Administration Framework review: creating innovative change through new legislative pilots

The CIOT has responded to HMRC’s consultation on ‘The Tax Administration Framework Review: Creating innovative change through new legislative pilots’ which considers an option to test new policies or processes by making them available in a temporary online environment to a discrete group of taxpayers.

18 Jul 2023 00:00 | Published by a Tolley Owner-Managed Businesses expert

Weekly Roundup HMRC Manuals: 17 July 2023

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

17 Jul 2023 00:00 | Published by a Tolley Corporation Tax expert

South Yorkshire named as first UK Investment Zone

South Yorkshire has been named as the UK’s first Investment Zone focused on Advanced manufacturing.

17 Jul 2023 00:00 | Published by a Tolley Owner-Managed Businesses expert

SI 2023 /772 The Post Office Horizon Shortfall Scheme Top-Up Payments (Tax Exemptions) Regulations 2023 and SI 2023/773 The Social Security (Contributions) (Amendment No. 5) Regulations 2023

These Regulations exempt certain top-up payments made under the Post Office Limited’s Horizon Shortfall Scheme (HSS) from income tax, capital gains tax and Class 1 NICs.

11 Jul 2023 00:00 | Published by a Tolley Employment Tax expert

Weekly roundup of HMRC manual changes: 10 July 2023

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

10 Jul 2023 00:00 | Published by a Tolley Corporation Tax expert

Finance (No 2) Act 2023: Royal Assent expected on 11 July 2023

Finance (No 2) Act 2023

10 Jul 2023 00:00 | Published by a Tolley Corporation Tax expert

SI 2023/751 The Social Security (Contributions) (Amendment No. 4) Regulations 2023

These regulations extend the deadline for paying voluntary National Insurance Contributions (NICs) for tax years between 6 April 2006 and 5 April 2018 to 5 April 2025.

06 Jul 2023 00:00 | Published by a Tolley Employment Tax expert

SI 2023/748 The International Organisations (Tax Exemptions Designation) (Amendment) Order 2023

This Order amends article 2(1) of the International Organisations (Tax Exemptions Designation) Order, SI 2023/348 (“the principal Orderâ€).

04 Jul 2023 18:30 | Published by a Tolley Owner-Managed Businesses expert

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Allowable expenses for property businesses

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14 Jul 2020 13:26 | Produced by Tolley in association with Rob Durrant-Walker of Crane Dale Tax Read more Read more

Repairs and renewals

Repairs and renewalsThe key consideration in determining whether expenditure on repairs and renewals is allowable as a deduction for tax purposes is whether it is capital or revenue in nature. In some cases, it can be relatively straightforward to identify revenue repairs. HMRC provides the

14 Jul 2020 13:23 | Produced by Tolley Read more Read more

Long service awards

Long service awardsEmployee recognition by an employer can be an important motivational tool, as well as having a positive effect on retention. Most employer awards made to an employee are treated as taxable earnings under ITEPA 2003, s 62 or as a benefit under ITEPA 2003, s 201 because they are

14 Jul 2020 12:11 | Produced by Tolley Read more Read more