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Latest Trusts and Inheritance Tax News

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Weekly roundup of HMRC manual changes: 12 December 2022

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

12 Dec 2022 00:00 | Published by a Tolley Corporation Tax expert

Updated HMRC guidance on reporting an excepted estate for Inheritance Tax

HMRC has confirmed that form IHT205 will not be available via the online service after 31 December 2022.

02 Dec 2022 00:00 | Published by a Tolley Trusts and Inheritance Tax expert

House of Commons Committee reports adoption of government amendments to Economic Crime and Corporate Transparency Bill

The House of Commons Public Bill Committee has reported the adoption of government amendments to the Economic Crime and Corporate Transparency Bill (the Bill). The Committee has also reported the withdrawal of amendments in the name of Dame Margaret Hodge proposing an offence of failure to prevent fraud or money laundering.

02 Dec 2022 00:00 | Published by a Tolley Corporation Tax expert

Brazil: tax treaties

The text of the 2022 UK-Brazil Double Taxation Convention has been added to the HMRC tax treaties page.

30 Nov 2022 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC manual changes: 28 November 2022

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

28 Nov 2022 00:00 | Published by a Tolley Trusts and Inheritance Tax expert

Updated HMRC Inheritance Tax account (IHT100)

HMRC has updated its guidance in relation to the submission of form IHT100 without a wet signature.

25 Nov 2022 00:00 | Published by a Tolley Trusts and Inheritance Tax expert

Updated HMRC  Inheritance Tax account (IHT400)

HMRC has updated Inheritance Tax account (IHT400) regarding submission of documents.

24 Nov 2022 00:00 | Published by a Tolley Trusts and Inheritance Tax expert

Treasury publishes Autumn Finance Bill 2022

On 22 November 2022, HM Treasury published the Autumn Finance Bill 2022 legislating for key tax changes announced by the Chancellor at the Autumn Statement 2022 on 17 November 2022.

23 Nov 2022 00:00 | Published by a Tolley Corporation Tax expert

HMRC publishes tax information and impact notes

HMRC has published several tax information and impact notes (TIINs).

22 Nov 2022 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC manual changes: 21 November 2022

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

21 Nov 2022 00:00 | Published by a Tolley Corporation Tax expert

Update on the closure of the Office of Tax Simplification

The Office of Tax Simplification (OTS) has announced that its formal closure will take effect when the Spring Finance Bill 2023 receives Royal Assent.

18 Nov 2022 00:00 | Published by a Tolley Corporation Tax expert

Autumn Statement 2022 brings forward tax increases

Chancellor Jeremy Hunt delivered his Autumn Statement 2022 on 17 November 2022, setting out proposals to address a £55bn gap in the UK’s finances, with half of that amount being raised through increased taxation.

17 Nov 2022 00:00 | Published by a Tolley Corporation Tax expert

Updated HMRC guidance on Alternative Dispute Resolution

HMRC has updated its guidance on using Alternative Dispute Resolution (ADR) to settle a tax dispute at section.

14 Nov 2022 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC manual changes: 14 November 2022

14uk November 2022 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

14 Nov 2022 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC manual changes: 7 November 2022

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

07 Nov 2022 00:00 | Published by a Tolley Corporation Tax expert

Viewing online forms in full before completion

HMRC has launched a new service allowing HMRC online gForms to be viewed in full before completion.

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

Weekly roundup of HMRC manual changes: 31 October 2022

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

31 Oct 2022 00:00 | Published by a Tolley Corporation Tax expert

Chancellor pushes back the fiscal statement to 17 November 2022

The Chancellor has announced that the economic statement which was due on 31 October 2022 will now take place on 17 November 2022.

26 Oct 2022 00:00 | Published by a Tolley Corporation Tax expert

Trust Registration Service (TRS) Updates

The ATT has shared a number of updates from HMRC on aspects of the Trust Registration Service (TRS).

25 Oct 2022 00:00 | Published by a Tolley Trusts and Inheritance Tax expert

Weekly roundup of HMRC manual changes: 25 October 2022

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

25 Oct 2022 00:00 | Published by a Tolley Employment Tax expert

Popular Articles

Relief for employee share schemes

Relief for employee share schemesRemuneration expenses are generally deductible for corporation tax purposes as they are considered to be incurred wholly and exclusively for the purposes of the trade. However, expenses relating to shares are usually classed as capital and are therefore not

14 Jul 2020 13:21 | 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

Qualifying charitable donations

Qualifying charitable donationsCompanies can obtain corporation tax relief for qualifying payments or certain transfers of assets to charity under the qualifying charitable donations regime. Definition of qualifying charitable donationThe definition of ‘qualifying charitable donations’

14 Jul 2020 13:03 | Produced by Tolley Read more Read more