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Finance (No 2) Bill 2023: Lords Bill published

The House of Lords Bill was published late on 21 June 2023, incorporating all changes agreed during the Bill’s passage through the Commons.

22 Jun 2023 00:00 | Published by a Tolley Corporation Tax expert

Treasury Committee issues report on Tax Simplification

The House of Commons Treasury Committee has published a report on Tax Simplification with several recommendations for government.

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

HMRC publishes new guidance on reporting of errors in VAT returns

HMRC has published new guidance to help businesses check whether they can correct errors in a future VAT return or whether the errors need to be reported separately using form VAT652.

19 Jun 2023 00:00 | Published by a Tolley Value Added Tax expert

Government proposes further Finance (No 2) Bill amendments for Report Stage

The Chancellor has put forward several amendments, including two new clauses, which will be considered in the House of Commons at Report Stage on 20 June 2023 (rescheduled from the original 19 June date).

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

HMRC consultation: Introducing a voluntary standard for customs intermediaries

HMRC has launched a consultation seeking views on the proposal to introduce a voluntary standard for customs intermediaries, with the aim of improving the quality of service across the sector.

13 Jun 2023 00:00 | Published by a Tolley Corporation Tax expert

CIOT response: Reserved Investor Fund consultation

The Chartered Institute of Taxation (CIOT) has responded to the HM Treasury consultation on Reserved Investors Fund (RIF).

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

National Audit Office Report: Progress with Making Tax Digital

The National Audit Office (NAO) has published a report, Progress with Making Tax Digital. The report considers progress to implement Making Tax Digital, and whether HMRC’s latest plans provide confidence that the programme will deliver value for money.

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

Weekly roundup of HMRC manual changes: 12 June 2023

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

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

Revenue and Customs Brief 6 (2023): VAT liability of digital publications — Supreme Court decision in News Corp and Ireland Ltd

This brief provides an update on the VAT treatment of supplies of digital newspapers and other digital publications before 1 May 2020.

09 Jun 2023 00:00 | Published by a Tolley Value Added Tax expert

Weekly roundup of HMRC manual changes: 5 June 2023

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

05 Jun 2023 00:00 | Published by a Tolley Trusts and Inheritance Tax expert

CIOT response: VAT energy saving materials relief

The Chartered Institute of Taxation (CIOT) has responded to HMRC’s consultation: 'VAT energy saving materials relief - improving energy efficiency and reducing carbon emissions'.

05 Jun 2023 00:00 | Published by a Tolley Value Added Tax expert

HMRC Stakeholder Digest: 25 May 2023

HMRC’s Stakeholder Digest (25 May 2023) provides a round-up of recent news and updates.

30 May 2023 00:00 | Published by a Tolley Owner-Managed Businesses expert

Agent update: issue 108

HMRC has published Agent Update issue 108 (24 May 2023) providing a round-up of recent developments and changes to legislation and allowances relating to UK tax for tax agents and advisers.

25 May 2023 00:00 | Published by a Tolley Corporation Tax expert

CIOT comments: Draft regulations on VAT provision for drink deposit return schemes

The CIOT has published its comments on the draft regulations on VAT provisions for drink deposit return schemes.

24 May 2023 18:30 | Published by a Tolley Value Added Tax expert

HMRC guidance: VAT-related payments using the second-hand motor vehicle payment scheme

HMRC has published two new guidance notes on the second-hand motor vehicle payment scheme.

22 May 2023 00:00 | Published by a Tolley Value Added Tax expert

HMRC updates interest rates following Bank of England decision

HMRC is increasing the late payment rate of interest to 7%, and the repayment interest rate to 3.5% from 31 May 2023. Interest on quarterly instalment payments of corporation tax is also increased from 22 May 2023.

16 May 2023 00:00 | Published by a Tolley Corporation Tax expert

Retained EU law sunset clause abandoned

The Retained EU Law (Revocation and Reform) Bill will now not automatically remove remaining retained EU law and EU-derived secondary legislation on 31 December 2023.

16 May 2023 00:00 | Published by a Tolley Corporation Tax expert

HMRC Stakeholder Digest - 11 May 2023

HMRC’s Stakeholder Digest (11 May 2023) provides a round-up of recent news and updates.

12 May 2023 00:00 | Published by a Tolley Owner-Managed Businesses expert

Technical consultation: The Plastic Packaging Tax (General) (Amendment) Regulations 2023

HMRC has launched a technical consultation seeking views on draft regulations to amend the rules for claiming tax credits in certain circumstances in respect of Plastic Packaging Tax.

11 May 2023 00:00 | Published by a Tolley Owner-Managed Businesses expert

HMRC yearly average and spot rates

HMRC has published its updated list of yearly average and spot foreign exchange rates for the year to 31 March 2023.

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

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