ÑÇÖÞÉ«ÇéÍø

HMRC has updated its guidance on how to make a de minimis claim for extended loss carry-back claims for companies.

130 countries and jurisdictions have joined a new two-pillar plan to reform international taxation rules and ensure that multinational enterprises pay a fair share of tax wherever they operate.

HMRC has published a paper setting out its approach to collecting tax debts and supporting taxpayers as the UK emerges from the coronavirus (COVID–19) pandemic.

These Regulations provide for 29th June 2021 to be the appointed day for the commencement of paragraphs 8 and 13 of Schedule 11 to the Finance Act 2020.

28 June 2021 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

HMRC has updated its bi-monthly magazine for June 2021 to provide the latest information for employers and agents on the deadline of 30 June 2021 which applies to both the EU Settlement Scheme and the Small to Medium Enterprise (SME) Brexit Support Fund.

The First-Tier Tribunal (FTT) has updated its guidance on delivering PDF bundles for use in hearings in the Tax Chamber.

These Regulations extend the period within which the temporary provision in Schedule 10 to the Corporate Insolvency and Governance Act 2020 (CIGA 2020, Sch 10) has effect, from 30th June 2021 until 30th September 2021.

21 June 2021 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

HMRC has updated its Stamp Duty Land Tax (SDLT) guidance to add information on checks, repayments and paying back amounts that are not due.

The Forum of Heads of Tax Crime Investigation has welcomed the launch of a new edition of the global reference guide setting out the ten core requirements for jurisdictions to be able to effectively tackle tax crime.

HMRC has published Agent Update issue 85 (June 2021) providing a round-up of recent developments for tax agents and advisers.

The Law Society has responded to HMRC’s consultation seeking views on ways to help taxpayers get their offshore tax right first time. The Society agrees that the use of offshore data to inform HMRC’s communications and prompts to taxpayers, and particularly to agents, could promote compliance but advises caution where data is incomplete or misleading.

HMRC has published the synthesised text of the UK’s double taxation treaty with Albania, as modified by the BEPS Multilateral Instrument (MLI).

These Regulations are supplementary to the legislation in Finance Act 2021 that provides for a temporary extension to the trading loss carry back rules from 12 months to three years for companies and unincorporated businesses.

HMRC has published Spotlight 58 – tax avoidance arrangement attempting to avoid corporation tax, income tax and National Insurance contributions (NICs) by using unfunded pension arrangements.

14 June 2021 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

HMRC has updated its guidance for companies on claiming relief from corporation tax for trading losses by inserting a new section about the temporary extension to carry back of trade losses.

HMRC has updated its guidance to section 1.10 to say how CIS payments and deductions should be reported to HMRC for individual traders and partnerships.

Finance Act 2021