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HMRC Stakeholder Digest: 17 August 2022

HMRC鈥檚 Stakeholder Digest (17 August 2022) provides a round-up of recent news including various reminders for 2021鈥�22.

19 Aug 2022 00:00 | Published by a Tolley Personal Tax expert

Agent Update: issue 99

HMRC has published Agent Update issue 99 (August 2022) providing a round-up of recent developments for tax agents and advisers.

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

Weekly roundup of HMRC manual changes: 16 August 2022

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

15 Aug 2022 18:30 | Published by a Tolley Corporation Tax expert

ICAEW鈥檚 comments on HMRC鈥檚 electric cars guidance

ICAEW鈥檚 tax faculty has highlighted that HMRC鈥檚 guidance and tools for the tax treatment of the reimbursement of electricity costs for charging company-provided wholly electric cars conflicts with the law.

11 Aug 2022 00:00 | Published by a Tolley Employment Tax expert

Employer Bulletin: August 2022

HMRC鈥檚 latest Employer Bulletin highlights the improved digital Form

10 Aug 2022 00:00 | Published by a Tolley Employment Tax expert

CC/FS72: Corresponding with HMRC by email

HMRC has published new factsheet CC/FS72 on corresponding with HMRC by email.

10 Aug 2022 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC manual changes: 8 August 2022

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

08 Aug 2022 00:00 | Published by a Tolley Corporation Tax expert

HMRC Stakeholder Digest: 4 August 2022

HMRC鈥檚 Stakeholder Digest (4 August 2022) provides a round-up of recent news including Legislation Day and HMRC鈥檚 annual report and accounts for 2021鈥�22.

08 Aug 2022 00:00 | Published by a Tolley Corporation Tax expert

HMRC increases late-payment interest rates

HMRC has increased the interest rates for late payments of tax following the Bank of England鈥檚 decision on 5 August 2022 to increase the bank base rate from 1.25% to 1.75%.

08 Aug 2022 00:00 | Published by a Tolley Corporation Tax expert

HMRC publishes Q&As on common errors in the calculation of CJRS grants

New guidance sets out HMRC鈥檚 response in relation to common errors in the calculation of Coronavirus Job Retention Scheme (CJRS) grants for eligible employees.

05 Aug 2022 00:00 | Published by a Tolley Employment Tax expert

OTS to review tax implications of hybrid and distance working

The OTS has published a scoping note setting out the themes for its planned call for evidence on the emerging trends and tax implications of hybrid and distance working.

04 Aug 2022 00:00 | Published by a Tolley Corporation Tax expert

FTT publishes updated guidance on oral evidence from abroad

The Tax Chamber President has released updated guidance on the procedure to be followed when a party to a case wishes to rely on oral evidence given by video or telephone from abroad.

03 Aug 2022 00:00 | Published by a Tolley Corporation Tax expert

Call for evidence on Scottish Government block grant adjustments for tax and welfare devolution

A call for evidence has been published on Scottish Government block grant adjustments for tax and welfare devolution. The consultation closes on 19 September 2022.

01 Aug 2022 00:00 | Published by a Tolley Owner-Managed Businesses expert

Weekly roundup of HMRC manual changes: 1 August 2022

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

01 Aug 2022 00:00 | Published by a Tolley Employment Tax expert

HMRC publishes revised agent toolkit on capital allowances for plant and machinery

HMRC has published an updated version of its agent toolkit for capital allowances for plant and machinery for 2021鈥�22.

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

SI 2022/876 The Economic Crime (Transparency and Enforcement) Act 2022 (Commencement No. 3) Regulations 2022

These Regulations bring into force most of the provisions of Part 1 of the Economic Crime (Transparency and Enforcement) Act 2022 relating to the registration of overseas entities.

01 Aug 2022 00:00 | Published by a Tolley Employment Tax expert

HMRC publishes revised agent toolkit for property rental income

HMRC has published an updated version of its agent toolkit for property rental income for 2021鈥�22.

29 Jul 2022 00:00 | Published by a Tolley Owner-Managed Businesses expert

Professional bodies call for greater clarity around taxpayer obligations under MTD for Income Tax

The ATT and CIOT are calling on HMRC to publish 鈥榙etailed practical guidance鈥� setting out taxpayer obligations under Making Tax Digital for Income Tax Self-Assessment, and to 鈥榦bjectively review鈥� the proposed timetable for implementation.

29 Jul 2022 00:00 | Published by a Tolley Owner-Managed Businesses expert

New HMRC Compliance Factsheets published

HMRC has published new compliance factsheets on facilitating avoidance schemes involving non-resident promoters. The factsheet on failure to comply with stop notices has been updated.

28 Jul 2022 00:00 | Published by a Tolley Employment Tax expert

CIOT response: Draft notices for Making Tax Digital for Income tax

The CIOT has raised concerns regarding the lack of detail in the draft notices made under regulations 3, 8, 12 and 16 of the Income Tax (Digital Requirements) Regulations 2021,

28 Jul 2022 00:00 | Published by a Tolley Owner-Managed Businesses expert

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Substantial shareholding exemption 鈥� overview

Substantial shareholding exemption 鈥� overviewThe substantial shareholdings exemption (SSE) provides a complete exemption from the liability to corporation tax on the gains generated from qualifying disposals of shares and interests in shares by qualifying companies. No claim is required. Provided

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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

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Loans written off

Loans written offCompanies sometimes provide directors, employees or shareholders with low interest or interest-free loans either as part of the reward package or on special occasions to help the individual meet significant expenditure. The employment income implications of these loans are discussed

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