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Latest Personal Tax News

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HMRC guidance: CJRS update

HMRC has updated its guidance with information about the Coronavirus Job Retention Scheme (CJRS) end date and when claims for September must be submitted.

06 Aug 2021 00:00 | Published by a Tolley Employment Tax expert

National Insurance and social security: further updates to guidance for workers moving between the UK and EEA or Switzerland

HMRC has updated its guidance on National Insurance contributions for workers from the UK working in the EEA or Switzerland and for social security contributions for workers coming to the UK from the EEA or Switzerland.

03 Aug 2021 00:00 | Published by a Tolley Employment Tax expert

Statement of Practice 1 (2010)

HMRC has updated Statement of Practice 1 (2010): Business by telephone to add further SEISS Directions and update Annex A and Annex B.

02 Aug 2021 00:00 | Published by a Tolley Employment Tax expert

Weekly roundup of HMRC manual changes: 2 August 2021

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

02 Aug 2021 00:00 | Published by a Tolley Corporation Tax expert

Reporting rules for digital platforms - consultation

HMRC has launched a consultation on the implementation of the OECD Model Reporting Rules, which require digital platforms to report details of the income of sellers on their platform to the tax authority and also to the sellers.

30 Jul 2021 00:00 | Published by a Tolley Corporation Tax expert

Supreme Court finds taxpayer is estopped by convention from denying validity of HMRC’s enquiry (Tinkler v HMRC)

The Supreme Court has unanimously allowed HMRC’s appeal, holding that the taxpayer, Mr Tinkler, was estopped from denying that a valid enquiry had been opened into his tax return. Adam Craggs, partner at RPC, and Elizabeth Small, partner at Forsters, comment on the Supreme Court's judgment.

30 Jul 2021 00:00 | Published by a Tolley Personal Tax expert

HMRC publishes pension schemes newsletter 131

HM Revenue & Customers (HMRC) has published its newsletter 131, which informs relevant stakeholders of the latest news and updates regarding pension schemes.

30 Jul 2021 00:00 | Published by a Tolley Personal Tax expert

CIOT comments on Scottish Parliament consultation - what matters to you

The Chartered Institute of Taxation (CIOT) has commented on the Scottish Parliament consultation ‘What matters to you?’ on what the priorities for Scotland should be.

30 Jul 2021 00:00 | Published by a Tolley Corporation Tax expert

Powers in the National Insurance Contributions Bill (NIC) 2021

HMRC has published a policy paper detailing how the government intends to use the powers in the National Insurance Contributions Bill 2021.

29 Jul 2021 00:00 | Published by a Tolley Employment Tax expert

Repaying a disguised remuneration loan to a third party

HMRC has updated its policy paper to add information for people who have been contacted by a third party to repay a disguised remuneration loan.

29 Jul 2021 00:00 | Published by a Tolley Employment Tax expert

Updated guidance: Self-Employment Income Support Scheme (SEISS) grant

HMRC has updated its Self-Employment Income Support Scheme guidance to cover how to notify errors in amounts claimed under the scheme and how to work out turnover where the taxpayer is a member of a partnership.

29 Jul 2021 00:00 | Published by a Tolley Employment Tax expert

CIOT response: Timely payment of tax

The Chartered Institute of Taxation (CIOT) has responded to the HMRC consultation on timely payment of tax which closed on 13 July 2021.

28 Jul 2021 00:00 | Published by a Tolley Corporation Tax expert

Land Transaction Tax for non-residential and mixed use property

The Welsh Revenue Authority has published new guidance on Land Transaction Tax (LTT) rates for non-residential or mixed use property or land in Wales.

27 Jul 2021 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC manual changes: 26 July 2021

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

26 Jul 2021 00:00 | Published by a Tolley Corporation Tax expert

SI 2021/882 The Major Sporting Events (Income Tax Exemption) (2021 UEFA Super Cup) Regulations 2021

These Regulations provide for an exemption from income tax on income earned in the UK in connection with the 2021 UEFA Super Cup football match which is due to be held in Belfast on 11 August.

22 Jul 2021 00:00 | Published by a Tolley Owner-Managed Businesses expert

CIOT response: Residential Property Developer Tax

The Chartered Institute of Taxation (CIOT) has responded to the Treasury’s consultation on residential property developer tax.

22 Jul 2021 00:00 | Published by a Tolley Owner-Managed Businesses expert

Call to delay major change to how profits are taxed

The Association of Taxation Technicians (ATT) is calling for a delay to a major change in how trading profits are assessed for tax purposes, as well as appealing for extension of the consultation period and a clear roadmap leading up to the introduction of the basis period proposals.

21 Jul 2021 00:00 | Published by a Tolley Corporation Tax expert

CIOT response to audit market consultation: tax should be considered separately

The Chartered Institute of Taxation (CIOT) and Association of Taxation Technicians (ATT) have responded to the Department for Business, Energy & Industrial Strategy (BEIS) consultation on restoring trust in audit and corporate governance.

21 Jul 2021 00:00 | Published by a Tolley Corporation Tax expert

CC/FS43: Compliance checks: penalties for enablers of defeated tax avoidance

HMRC has updated its factsheet on the penalties it may charge for enablers of tax avoidance which are subsequently defeated to reflect changes made by

21 Jul 2021 00:00 | Published by a Tolley Corporation Tax expert

Law Society response: Timely payment call for evidence

The Law Society has responded to HMRC’s call for evidence on timely payment for income tax self-assessment and corporation tax for small companies.

20 Jul 2021 00:00 | Published by a Tolley Corporation Tax expert

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Bad debts

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

Payment of the remittance basis charge

Payment of the remittance basis chargeRemittance basis chargeThe remittance basis charge is an annual charge payable by ‘long-term’ UK residents for the privilege of claiming the remittance basis.Taxpayers who wish to utilise the remittance basis (but do not qualify for it automatically) must pay

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Holdover relief for disposals by trustees

Holdover relief for disposals by trusteesOverviewWhere a capital gain has been realised on an asset that has been disposed of and that disposal was not for full value (that is not in an arm’s length sale) then holdover relief may be available. This will happen when trustees appoint capital assets

14 Jul 2020 11:54 | Produced by Tolley Read more Read more