NEWS

HMRC has published new basic guidance for agents, providing an overview of how to inform HMRC of changes to the structure of their business. The guidance covers the communication requirements on incorporation of an agent’s business, on mergers and...

HMRC’s Employer Bulletin for October 2022 confirms the reversal of the NICs 1.25% percentage point increases with effect from 6 November 2022 and sets out general advice for employers – emphasising the short timeframe in which to make the necessary...

HMRC has published details of a series of information events for public authorities on the new UK subsidy control regime which will commence on 4 January 2023. The Department for Business, Energy and Industrial Strategy (BEIS) is holding a series of...

HMRC has published new guidance on secondary liability notices and joint and several liability notices for plastic packaging tax. The guidance is split into two sections, covering the following:Secondary liability: where one party becomes liable for...

In a change of policy, HMRC is now treating sales of face masks designed for children under the age of 14 as items of clothing. Revenue and Customs Brief 11/2022 (VAT and children’s face masks) announces that sales of children’s face masks should...

The European Commission is calling for evidence on the proposal for a directive on ‘Business in Europe: a framework for income taxation’ (BEFIT). This will introduce a common set of rules for EU companies to calculate by way of a formula their...

The Dutch government is consulting on how to implement the proposed BEPS 2.0 Pillar Two global agreement in its domestic legislation. It has published a draft legislative proposal for comment that will not form part the existing Dutch corporate...

The Retained EU Law (Revocation and Reform) Bill received its second reading in the House of Commons on Tuesday 25 October 2022. Debate on the bill was opened by incoming Minister of State, Dean Russell. The Secretary of State for Business, Energy...

Alongside his reversal of most of the mini-Budget tax proposals, the new chancellor confirmed that several measures would be going ahead as planned:Scrapping of the health and social care levy: the Health and Social Care Levy (Repeal) Bill received...

Employment support schemes introduced during the Covid-19 pandemic successfully protected jobs and businesses, although the need to design the schemes at speed led to some flaws and significant levels of fraud and error, according to the National...