UUÂãÁÄÖ±²¥

These Regulations amend child benefit and tax credits legislation for various reasons, including to remove a number of temporary easements introduced during the coronavirus pandemic.

HMRC has published Agent Update issue 96 (May 2022) providing a round-up of recent developments for tax agents and advisers.

HMRC has published new factsheet CC/FS57 on the Human Rights Act and DOTAS penalties.

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

HMRC’s Stakeholder Digest (11 May 2022) provides a round-up of the latest news and updates including information on financial support for SME businesses, tax-free childcare, tax credit renewals, Moscow stock exchange status, guidance on tax on tips, gratuities and service charges, EU import controls and data on transfer pricing and Diverted Profits Tax.

The Welsh government has reached an agreement with the UK government on the establishment of freeports in Wales.

These Regulations extend the effect of the DOTAS provisions in FA 2021, which allow HMRC to issue notices where it reasonably suspects that arrangements are notifiable tax arrangements, to NICs arrangements.

These Regulations will exempt three new social security payments from income tax with retrospective effect from the date of their respective introductions.

Opening the 2022–23 Parliamentary session on 10 May 2022, the Queen's Speech set out the UK Government's legislative priorities including the following:

HMRC has increased the interest rates for late payments of tax following the Bank of England’s decision on 5 May 2022 to increase the bank base rate from 0.75% to 1%.

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

HMRC has published the final direction for mandating the format of claims for employment expenses.

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

The Pensions and Lifetime Savings Association (PLSA) has issued additional information on HMRC’s GMP equalisation guidance on pensions tax considerations when equalising benefits for the effects of inequalities in GMPs. PLSA clarifies the tax treatment of the interest element, particularly in relation to tax due and responsibilities of pension schemes to deduct the tax due at the source.

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

HMRC has published Agent Update issue 95 (April 2022) providing a round-up of recent developments for tax agents and advisers.

HMRC’s Stakeholder Digest (11 April 2022) provides a round-up of the latest news and updates including information on the Ukraine tax relief and guidance, Extending Making Tax Digital (MTD) to all VAT registered businesses and the introduction of the new 64-8 agent authorisation form.

HMRC has published its bi-monthly magazine providing the latest information on payroll-related topics for employers and agents.

HM Revenue & Customs (HMRC) has published settlement terms for companies or individuals who have used certain tax avoidance schemes involving remuneration trusts. HMRC report that these schemes do not work to deliver the ‘tax free’ environment they claim and that the scheme design may have a fundamental flaw resulting in no valid transfer of funds to a trust. The settlement is only open for individuals or companies whose scheme use meets certain criteria which are set out fully in the terms. The settlement opportunity will be open for applicants until 31 July 2022.

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