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Agent update: issue 112

HMRC has published Agent Update issue 112 (20 September 2023) providing a round-up of recent developments and changes to legislation and allowances relating to UK tax for tax agents and advisers.

21 Sep 2023 00:00 | Published by a Tolley Corporation Tax expert

OECD: Public comments received on Amount B under Pillar One relating to the simplification of transfer pricing rules

The OECD has published public comments on Amount B under Pillar One relating to the simplification of transfer pricing rules.

20 Sep 2023 00:00 | Published by a Tolley Corporation Tax expert

Weekly Roundup HMRC Manuals: 19 September 2023

19 September 2023 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

19 Sep 2023 00:00 | Published by a Tolley Corporation Tax expert

HMRC Code of Governance for Resolving Tax Disputes and dispute resolution board remits

HMRC has published new guidance on its internal procedures for deciding how tax disputes should be resolved, depending on the particular circumstances of a dispute and how much tax is at stake.

15 Sep 2023 00:00 | Published by a Tolley Corporation Tax expert

UK government publishes draft legislation to preserve 0% stamp tax charge on issue (and on exempt capital-raising transfers) of UK shares and securities

The government is to legislate to preserve the current 0% stamp duty/SDRT (stamp tax) charge on the issue (and on exempt capital-raising transfers) of UK shares and securities to a depositary or a clearance service operator or their nominees.

14 Sep 2023 00:00 | Published by a Tolley Corporation Tax expert

CIOT response: Draft Multinational Top-up Tax Guidance Manual

The CIOT has commented on the HMRC consultation on draft guidance for the multinational top-up tax and domestic top-up tax which were introduced in

14 Sep 2023 00:00 | Published by a Tolley Corporation Tax expert

CIOT response: Draft Finance Bill 2024 – additional reliefs for R&D-intensive SMEs and the potential merged R&D scheme

The CIOT has commented on the Draft Finance Bill 2024 legislation on additional tax reliefs for research and development-intensive small and medium-sized enterprises and the potential merged R&D scheme.

14 Sep 2023 00:00 | Published by a Tolley Corporation Tax expert

SI 2023/997 The Finance Act 2009, Sections 101 and 102 (Economic Crime (Anti-Money Laundering) Levy) (Appointed Day) Order 2023

This Order appoints 30 September 2023 as the day on which the late-payment and repayment interest provisions come into force for the purposes of the economic crime (anti-money laundering) levy.

14 Sep 2023 00:00 | Published by a Tolley Corporation Tax expert

OECD: Countries deploy tax policy to shield households and businesses from decade-high inflation

According to a new OECD report, Tax policy has played a central role as governments have sought to shield households and businesses from the impact of decade-high inflation levels.

14 Sep 2023 00:00 | Published by a Tolley Corporation Tax expert

HMRC issues reminder of additional information requirement for R&D tax relief claims

HMRC is reminding companies that additional information forms (AIF) are required for all claims for research and development (R&D) tax relief.

12 Sep 2023 00:00 | Published by a Tolley Corporation Tax expert

Weekly Roundup HMRC Manuals: 11 September 2023

11 September 2023 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

11 Sep 2023 00:00 | Published by a Tolley Corporation Tax expert

SI 2023/983 The Tonnage Tax (Training Requirement) (Amendment etc) Regulations 2023

These Regulations increase the amounts to be used in calculating payments in lieu of training (PILOT) payable where operators are not able to meet the minimum training obligation.

11 Sep 2023 00:00 | Published by a Tolley Corporation Tax expert

OECD Secretary-General Tax Report to G20 Leaders

The OECD Secretary-General’s Tax Report to G20 leaders has been published.

11 Sep 2023 00:00 | Published by a Tolley Corporation Tax expert

Updated HMRC guidance on reporting cross-border arrangements

HMRC has updated its guidance on reportable cross-border arrangements under the Mandatory Disclosure Rules (MDR).

08 Sep 2023 00:00 | Published by a Tolley Corporation Tax expert

ATT responds to consultation on additional information to be included in returns

The ATT has submitted comments on the draft Finance Bill 2024 legislation which will enable HMRC to specify additional information to be reported in tax returns and via PAYE.

08 Sep 2023 00:00 | Published by a Tolley Corporation Tax expert

Papua New Guinea and Romania move forward with Multilateral Instrument

Papua New Guinea has deposited its instrument of ratification for the BEPS Multilateral Convention (MLI) and Romania has completed its internal procedures for the entry into effect of the MLI.

08 Sep 2023 00:00 | Published by a Tolley Corporation Tax expert

CIOT response: Tackling non-compliance in the umbrella company market

The CIOT has responded to the HMRC consultation on Tackling non-compliance in the umbrella company market.

06 Sep 2023 00:00 | Published by a Tolley Corporation Tax expert

Autumn Statement 2023 date confirmed

HM Treasury has announced that Autumn Statement 2023 will take place on Wednesday 22 November 2023

05 Sep 2023 00:00 | Published by a Tolley Corporation Tax expert

Weekly Roundup HMRC Manuals: 4 September 2023

4 September 2023 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors

04 Sep 2023 00:00 | Published by a Tolley Corporation Tax expert

CIOT response: Pillar One - Amount B

The CIOT has responded to the public consultation on “Pillar One - Amount B†published on 17 July 2023 by the OECD relating to the simplification of transfer pricing rules.

01 Sep 2023 00:00 | Published by a Tolley Corporation Tax expert

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Married couple’s allowance

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Withholding tax

Withholding taxIntroductionUK tax must be withheld on UK payments including:•interest•royalties•rental incomeUK withholding tax may be reduced under the provisions of a double tax treaty (DTT). Prior to 1 June 2021, payments of interest and royalties made to EU resident associated companies were

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