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HMRC Stakeholder Digest: 23 February 2023

HMRC’s Stakeholder Digest (23 February 2023) provides a round-up of recent news and updates.

27 Feb 2023 00:00 | Published by a Tolley Corporation Tax expert

Stamp Taxes Newsletter: February 2023

HMRC has released its Stamp Taxes Newsletter for February 2023

27 Feb 2023 00:00 | Published by a Tolley Corporation Tax expert

Exemption for Postmaster compensation payments

Regulations have been laid to exempt certain compensation payments to Postmasters from tax.

24 Feb 2023 00:00 | Published by a Tolley Employment Tax expert

Company cars: advisory fuel rates from 1 March 2023

HMRC has published revised advisory fuel rates for company cars which will apply from 1 March 2023.

23 Feb 2023 00:00 | Published by a Tolley Corporation Tax expert

HMRC guidance: Employer guides for PAYE and national insurance contributions

HMRC has published the latest version of its guidance for employers on PAYE and National Insurance contributions (CWG2), to be used from 6 April 2023.

21 Feb 2023 00:00 | Published by a Tolley Employment Tax expert

UK to proceed with beneficial ownership registers

The UK government has confirmed its intention to press ahead with the various registers of company ownership, on the basis that the UK registers adhere to the privacy requirements of the European Convention on Human Rights.

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

New toolkit to strengthen the effective collection of value added taxes on e-commerce in Africa

The OECD in partnership with World Bank Group and the African Tax Administration Forum (ATAF) have released a VAT digital toolkit for Africa.

16 Feb 2023 00:00 | Published by a Tolley Owner-Managed Businesses expert

Agent Update: issue 105

HMRC has published Agent Update issue 105 (15 February 2023) providing a round-up of recent developments and changes to legislation and allowances relating to UK tax for tax agents and advisers.

16 Feb 2023 00:00 | Published by a Tolley Corporation Tax expert

HMRC guidance: Employer guide for National Insurance contributions

HMRC has published the latest version of its employer guide to Class 1A National Insurance contributions on benefits in kind, termination payments and sporting testimonial payments (CWG5).

15 Feb 2023 00:00 | Published by a Tolley Employment Tax expert

Additional Dwelling Supplement consultation launched

The Scottish Government are consulting on proposed changes to the Additional Dwelling Supplement.

15 Feb 2023 00:00 | Published by a Tolley Corporation Tax expert

CIOT urges the Government to review “unfair†repayment interest rates

The CIOT urges the Government to review “unfair†repayment interest rates, with taxpayers facing late payment bills from HMRC up to 17 times higher than what is returned to those who have overpaid.

09 Feb 2023 18:30 | Published by a Tolley Corporation Tax expert

HMRC new Litigation and Settlement Strategy Manual

HMRC has published a new manual on its Litigation and Settlement Strategy.

09 Feb 2023 00:00 | Published by a Tolley Corporation Tax expert

SI 2023/113 The Public Service Pension Schemes (Rectification of Unlawful Discrimination) (Tax) Regulations

These Regulations make modifications for the purposes of applying the correct tax treatment to public service pension schemes which are affected by the rectification of discrimination provisions contained in the Public Service Pensions and Judicial Offices Act 2022.

07 Feb 2023 00:00 | Published by a Tolley Trusts and Inheritance Tax expert

Weekly roundup of HMRC manual changes: 6 February 2023

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

06 Feb 2023 00:00 | Published by a Tolley Corporation Tax expert

HMRC late payment interest rates following Bank of England decision

HMRC is increasing the late payment rate of interest to 6.5%, and the repayment interest rate to 3% from 21 February 2023. Interest on quarterly instalment payments of corporation tax is also increased from 13 February 2023.

06 Feb 2023 00:00 | Published by a Tolley Corporation Tax expert

HMRC internal manual Alternative Dispute Resolution Guidance

HMRC has published a new manual on Alternative Dispute Resolution.

03 Feb 2023 00:00 | Published by a Tolley Corporation Tax expert

Updated HMRC guidance: Capital Gains Tax on UK property

HMRC has updated its guidance on how to ask for authorisation, manage a client's account and how to send returns as an agent.

02 Feb 2023 00:00 | Published by a Tolley Owner-Managed Businesses expert

CIOT budget representations 2023

The CIOT has made budget representations on ‘CGT – relief for gifts of business assets’ and ‘Company purchase of own shares – multiple completion contracts’.

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

Pension schemes newsletter 146: January 2023

HMRC has published pension schemes newsletter 146.

31 Jan 2023 00:00 | Published by a Tolley Employment Tax expert

Weekly roundup of HMRC manual changes: 30 January 2023

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

30 Jan 2023 00:00 | Published by a Tolley Corporation Tax expert

Popular Articles

Inter-spouse transfer

Inter-spouse transferIntroductionWhen a chargeable asset is transferred between two spouses or civil partners, there is a disposal by the transferor spouse / civil partner and an acquisition by the transferee spouse / civil partner for capital gains tax purposes. For simplicity, spouses and civil

14 Jul 2020 12:01 | Produced by Tolley Read more Read more

Indexation allowance and rebasing

Indexation allowance and rebasingThis guidance note explains the general rules surrounding the availability of indexation allowance (which was frozen at December 2017) on the disposal of company assets and provides information on the rebasing rules for assets held on 31 March 1982. For an overview

14 Jul 2020 11:59 | Produced by Tolley in association with Jackie Barker of Wells Associates Read more Read more

Bare trusts ― income tax and CGT

Bare trusts ― income tax and CGTThis guidance note explains how trustees of bare trusts are treated for income tax and capital gains purposes. Although a bare trust is, in equity, a type of trust, for both income tax and capital gains tax purposes its existence is transparent. This means that no tax

14 Jul 2020 15:34 | Produced by Tolley Read more Read more