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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

CIOT response: Review of the Office of Tax Simplification

The Chartered Institute of Taxation (CIOT) has responded to the Treasury review of the Office of Tax Simplification (OTS) which was closed on 6 July 2021.

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

Updated HMRC guidance on managing a trust's details

HMRC has updated its guidance for trustees on authorising an agent to access the trust.

13 Jul 2021 18:30 | Published by a Tolley Trusts and Inheritance 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

Chancellor welcomes milestone G20 progress on global tax reform

The Chancellor of the Exchequer has welcomed milestone progress on international tax reform during meetings of G20 Finance Ministers and Central Bank Governors in Venice.

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

HMRC issue briefing: hidden economy conditionality

HMRC has published a paper setting out its strategy for tackling the hidden economy (tax conditionality) - taxis, private hire vehicles and scrap metal dealers - by making licence renewals conditional on tax checks.

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

Stamp presses close as electronic stamp duty process becomes the new normal

The Law Society has welcomed HMRC’s announcement that it will retire the stamp presses on 19 July 2021 and effectively put the temporary electronic processes on a more permanent footing.

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

Treasury direction and updated HMRC guidance on self-employment income support scheme (SEISS) fifth grant

HM Treasury has published the required Treasury Direction setting out the detail of the fifth SEISS grant. As promised by early July, HMRC has also updated number of its guidance notes with information in relation to the fifth SEISS grant.

06 Jul 2021 00:00 | Published by a Tolley Employment 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

Self-assessment return for self-employment income support scheme (SEISS)

HMRC has published new guidance which details when taxpayers may need to make a change to their self-assessment tax return for SEISS payments, and how to do it.

05 Jul 2021 00:00 | Published by a Tolley Employment 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

OTS report on making tax easier through smarter use of third party data

The Office of Tax Simplification (OTS) has published a policy paper to set out a vision for how government could make tax easier for people through making better use of data held by third parties, such as bank interest, and the steps that would need to be taken towards making it a reality.

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

Making Tax Digital for Income Tax Self-Assessment: policy update

Draft Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) Regulations 2021 have been published.

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

Austria: tax treaties

The UK and Austria have agreed an extension of the period covered by the mutual agreement reached in August 2020.

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

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Incentives, awards and prizes

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BPR ― trading and investment businesses

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