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Latest Corporation Tax News

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Updated HMRC guidance: Tax avoidance: general anti-abuse rule

HMRC has updated its general anti-abuse rule (GAAR) guidance with effect from 16 July 2021.

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

Publishing details of deliberate tax defaulters (PDDD1)

HMRC has updated the PDDD1 letter it sends out before publishing a taxpayer’s details following a deliberate inaccuracy penalty.

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

Plea for new tax rules to fit with digital systems

The Association of Taxation Technicians (ATT) has called for tax policies and legislation to develop in parallel with any new digital systems to avoid placing more burdens on, or adding to the frustrations of, taxpayers.

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

First edition of Tax Transparency in Latin America report outlines growing role of tax transparency and exchange of information

The OECD has published the Tax Transparency in Latin America 2021 report, which outlines a Latin American initiative to tackle tax evasion, corruption and other financial crimes through transparency and exchange of information (EOI) for tax purposes.

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

Weekly roundup of HMRC manual changes: 12 July 2021

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

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

Relief from Stamp Duty Land Tax in Freeport tax sites

HMRC has published new guidance on how to claim relief from Stamp Duty Land Tax (SDLT) when buying land or buildings in a Freeport tax site.

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

Legislation Day: Tuesday 20 July 2021

Draft legislation for the next Finance Bill will be published on Tuesday 20 July 2021.

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

OECD Secretary-General Tax Report

The OECD secretary-general has published his report to the July 2021 meeting of G20 leaders in Italy, covering international tax developments including the digital economy, the tax policy aspects of climate change and supporting developing countries to build sustainable tax bases.

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

Weekly roundup of HMRC manual changes: 5 July 2021

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

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

HMRC’s compliance approach for large business

HMRC has updated its guidance to add new sections on the Compliance Risk Management framework, Business Risk Reviews and large business consultation forums.

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

Updated HMRC guidance on extended loss carry-back for companies

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

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

New framework for international tax reform

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.

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

HMRC issue briefing: Collecting tax debts after coronavirus

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.

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

SI 2021/740 The Finance Act 2020, Schedule 11 (Appointed Day) (Northern Ireland) Regulations 2021

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.

29 Jun 2021 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC manual changes: 28 June 2021

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

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

HMRC updated Employer Bulletin: June 2021

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.

23 Jun 2021 00:00 | Published by a Tolley Corporation Tax expert

First Tier Tribunal (FTT) guidance update on PDF bundles and appeals

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

23 Jun 2021 00:00 | Published by a Tolley Corporation Tax expert

SI 2021/718 The Corporate Insolvency and Governance Act 2020 (Coronavirus) (Extension of the Relevant Period) (No. 2) Regulations 2021

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.

22 Jun 2021 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC manual changes: 21 June 2021

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

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

Updated HMRC guidance on applying for a SDLT refund

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

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

Popular Articles

Enterprise investment scheme tax relief

Enterprise investment scheme tax reliefOverview of EIS tax reliefsThe enterprise investment scheme (EIS) offers significant tax reliefs to encourage individuals to invest money in qualifying shares issued by qualifying unquoted companies. The scheme is designed to encourage investment in small,

14 Jul 2020 11:36 | Produced by Tolley Read more Read more

Payroll record keeping

Payroll record keepingUnder SI 2003/2682, reg 97, “...an employer must keep, for not less than 3 years after the end of the tax year to which they relate, all PAYE records which are not required to be sent to [HMRC]...”. Reasons for keeping the records include:•being able to calculate tax and

14 Jul 2020 12:52 | Produced by Tolley in association with Ian Holloway Read more Read more

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