NEWS

HMRC is reminding all VAT-registered business that the first monthly VAT returns and payments affected by the new penalties are those due by 7 March 2023.The deadline for submitting VAT returns online (and for paying any VAT due) is one calendar...

HMRC’s stamp taxes newsletter for February 2023 provides a useful summary of recent Upper and First-tier Tribunal decisions involving SDLT and annual tax on enveloped dwellings. Key issues analysed by the tribunals in these cases include: when the...

HMRC’s 23 February 2023 Stakeholder Digest highlights the latest position on tax refund claims made via the repayment agent Tax Credits Ltd, budget payment plans for self-assessment taxpayers, and HMRC performance data for quarter 3 of 2022...

Tax Journal thanks its authors for February. Click on links to view author profiles and for access to articles:

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

Research from R&D tax relief consultants ForrestBrown suggests that 50% of UK science and technology businesses expect to relocate at least some of their R&D activity away from the UK as a result of forthcoming changes to the R&D tax relief regime...

HMRC recently launched a ‘one to many’ letter campaign, asking company directors to review previous R&D claims to ensure their accuracy. The letters are part of HMRC’s increased efforts to clamp down on fraudulent R&D tax relief claims, including...

HMRC has issued the 2023/24 version of its Booklet CWG2 which provides guidance and examples for employers on PAYE and NICs. Other than general updating, the latest edition reflects one substantive change. In the section on substitute forms P60, the...

The increase in the main rate of corporation tax from 19% to 25% on 1 April 2023 could lead to a significant reduction in business investment, particularly for SMEs, cautions accountancy firm Azets. Although the main rate will hit companies with...

Resolution of the scandal surrounding the historical treatment of Post Office branch managers (‘sub-postmasters’) involves the payment of compensation in many cases. Much of that compensation could, however, disappear in tax.Tax Policy Associates...