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

HMRC has published the latest version of its employer guides for benefits in kind (CWG5) and PAYE and National Insurance contributions (CWG2) to be used from 6 April 2021.

HMRC has updated its Double Taxation Treaty guidance to include the ‘synthesised’ text of the UK’s 2007 DTT with Saudi-Arabia, as modified by the BEPS multilateral instrument (MLI).

HMRC has announced that self-assessment taxpayers will not be charged a 5% late payment penalty if they pay their tax or set up a payment plan by 1 April 2021.

Croatia and Malaysia have deposited their instruments of ratification with the OECD for the BEPS Multilateral Convention.

To allow for more transparency, tax-related documents, consultations and calls for evidence, which would traditionally be published at the Budget on 3 March 2021 will be published a few weeks later on 23 March 2021.

The National Audit Office has published an interactive guide setting out good practice principles for annual reporting.

The OECD Forum on Tax Administration (FTA) released a new report for the International Compliance Assurance Programme (ICAP), which, for the first time, is being run as a full programme open to all FTA member tax administrations.

In the Treasury minutes published on 18 February 2021, the government has responded, among other things, to the Public Accounts Committee (PAC) report from session 2019–2021 on Covid-19: Bounce Back Loan Scheme and Covid-19: Support for jobs.

HMRC has updated VAT Notice 706 to reflect the temporary email address for sending partial exemption special method (PESM) request forms to HMRC.

HMRC has published new Money laundering guidance to help accountancy service providers (ASP) recognize and reduce the risk of money laundering.

HMRC has published Agent Update issue 82 (January–February 2021) providing a round-up of recent developments for tax agents and advisers.

HMRC has published guidance on the launch of a new SME Brexit Support Fund to support small and medium sized businesses in adjusting to the new customs and VAT rules which apply when trading with the EU.

HM Revenue and Customs (HMRC) has published an issue briefing to explain the approach that it will take for new compliance activity in relation to the changes to the off-payroll working rules (IR35) from 6 April 2021. The policy paper sets out the background to the rules and the reforms, and provides details of the help and support HMRC will provide.

These Regulations set out the revised annual rates and thresholds of Child Tax Credit (CTC) and Working Tax Credit (WTC) to apply with effect from 6 April 2021, and revised weekly rates of Child Benefit and Guardian’s Allowance, to apply with effect from 12 April 2021.

These Regulations give effect to the annual re-rating of various National Insurance contributions (NICs) rates, limits and thresholds for the purposes of calculating Class 1, Class 2, Class 3 and Class 4 NICs liability (or voluntary payment) for the tax year beginning 6 April 2021.

The OECD has published the stage 1 peer review assessments for Aruba, Bahrain, Barbados, Gibraltar, Greenland, Kazakhstan, Oman, Qatar, Saint Kitts and Nevis, Thailand, Trinidad and Tobago, United Arab Emirates and Viet Nam under BEPS Action 14, which aims to improve tax dispute resolution mechanisms between countries.

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

In the ever-fast-moving world of tax announcements and developments, this news pulls together some of the key changes announced this week. Our commentary will be updated in due course to reflect these latest developments.

HMRC has updated Excise notice 143 at section 2.3 to reflect the new rules on consignments not exceeding £135 in value, following the UK’s exit from the EU, and the abolition of Low Value Consignment Relief, which relieves import VAT on consignments of goods valued at £15.