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Community Amateur Sports Club Newsletter 2 – June 2023

HMRC has published Community Amateur Sports Club (CASC) Newsletter 2 – June 2023.

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

CIOT response: Off-payroll working: calculation of PAYE liability in cases of non-compliance

The CIOT has responded to HMRC’s consultation on Off-payroll working: calculation of PAYE liability in cases of non-compliance.

23 Jun 2023 00:00 | Published by a Tolley Personal Tax expert

CIOT response: Tougher consequences for promoters of tax avoidance

The CIOT has responded to HMRC’s consultation on tougher consequences for promoters of tax avoidance.

22 Jun 2023 00:00 | Published by a Tolley Personal Tax expert

Finance (No 2) Bill 2023: Lords Bill published

The House of Lords Bill was published late on 21 June 2023, incorporating all changes agreed during the Bill’s passage through the Commons.

22 Jun 2023 00:00 | Published by a Tolley Corporation Tax expert

Treasury Committee issues report on Tax Simplification

The House of Commons Treasury Committee has published a report on Tax Simplification with several recommendations for government.

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

New COP9 and updated HMRC guidance on using the Contractual Disclosure Facility

HMRC has published a new COP9 Code of Practice and updated its guidance on what happens if the offer of using the Contractual Disclosure Facility is accepted.

15 Jun 2023 00:00 | Published by a Tolley Personal Tax expert

Agent Update: issue 109

HMRC has published Agent Update issue 109 (14 June 2023) providing a round-up of recent developments and changes to legislation and allowances relating to UK tax for tax agents and advisers.

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

Government proposes further Finance (No 2) Bill amendments for Report Stage

The Chancellor has put forward several amendments, including two new clauses, which will be considered in the House of Commons at Report Stage on 20 June 2023 (rescheduled from the original 19 June date).

14 Jun 2023 00:00 | Published by a Tolley Corporation Tax expert

Updated HMRC standard for agents

HMRC has updated its standard for agents to clarify the legal position on assignments of income tax repayments received after 15 March 2023.

13 Jun 2023 00:00 | Published by a Tolley Owner-Managed Businesses expert

Deadline for voluntary National Insurance contributions extended to April 2025

The government has further extended the voluntary National Insurance (NI) contribution deadline to 5 April 2025 to give taxpayers more time to fill gaps in their NI record and help increase the amount they receive in State Pension.

13 Jun 2023 00:00 | Published by a Tolley Employment Tax expert

National Audit Office Report: Progress with Making Tax Digital

The National Audit Office (NAO) has published a report, Progress with Making Tax Digital. The report considers progress to implement Making Tax Digital, and whether HMRC’s latest plans provide confidence that the programme will deliver value for money.

12 Jun 2023 00:00 | Published by a Tolley Corporation Tax expert

HMRC Stakeholder Digest - 8 June 2023

HMRC’s Stakeholder Digest (8 June 2023) provides a round-up of recent news and updates

09 Jun 2023 00:00 | Published by a Tolley Personal Tax expert

CIOT and ATT response: Simplifying and modernising HMRC’s income tax services through the tax administration framework

The CIOT and ATT have responded to the HMRC consultation: ‘Simplifying and modernising HMRC’s income tax services through the tax administration framework’.

08 Jun 2023 00:00 | Published by a Tolley Employment Tax expert

CIOT response: Expanding the cash basis for the self-employed

The CIOT has responded to the HMRC consultation on Expanding the cash basis for the self-employed.

07 Jun 2023 00:00 | Published by a Tolley Employment Tax expert

Charities newsletter 1: June 2023

HMRC has published Charities Newsletter 1 which is a new publication to keep the charities sector informed about relevant updates.

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

HMRC calls for evidence on Non-discretionary tax advantaged share schemes

HMRC has launched a consultation to seek views and gather evidence on the current usage of the Save As You Earn (SAYE) and Share Incentive Plan (SIP) employee share schemes and whether they are effective in achieving their stated policy objectives. The deadline for response is 5 pm on 25 August 2023.

05 Jun 2023 00:00 | Published by a Tolley Corporation Tax expert

Spotlight 62: Dividend diversion scheme used to fund education fees

HMRC has published Spotlight 62 on tax avoidance schemes used by owner managed companies to fund education fees.

05 Jun 2023 00:00 | Published by a Tolley Owner-Managed Businesses expert

Tax transparency rules for crypto-asset transactions (DAC8)

The European Parliament has published a briefing on Tax transparency rules for cryptoasset transactions (DAC8).

01 Jun 2023 00:00 | Published by a Tolley Owner-Managed Businesses expert

Pension schemes newsletter 150 - May 2023

HMRC has published pension schemes newsletter 150.

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

HMRC Stakeholder Digest: 25 May 2023

HMRC’s Stakeholder Digest (25 May 2023) provides a round-up of recent news and updates.

30 May 2023 00:00 | Published by a Tolley Owner-Managed Businesses expert

Popular Articles

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

Payments to trust beneficiaries

Payments to trust beneficiariesThis guidance note considers the trustees powers to make payments and whether the payment made is income or capital.This guidance note is designed to give outline and background for accountants and tax advisers who deal with clients establishing trusts. It is not

14 Jul 2020 12:52 | Produced by Tolley Read more Read more

Income tax paid on behalf of employee

Income tax paid on behalf of employeeIntroductionEmployers may wish to make payments of employment income to an employee / director without the employee suffering a tax or NIC cost on that pay. In other words, the employer wants to pay an amount net of tax and NIC. In some instances, often with

14 Jul 2020 11:58 | Produced by Tolley in association with Paul Tew Read more Read more