NEWS

From April 2022, HMRC is writing to taxpayers whose entitlement to the fourth and/or fifth self-employment income support scheme (SEISS) grant has gone down by more than £100, asking them to repay the overpaid amount. HMRC will explain how it has...

HMRC has published its Company losses toolkit for 2021/22, designed to help tax advisers by providing guidance on errors that commonly occur in relation to company losses in client tax returns. ...

This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors. Direct taxesManual Page Comments Employment Income Manual Updated: EIM11205 ...

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...

Employees who were required to work from home during the pandemic, and who claimed the 6 per week tax relief, should review their tax code to check whether HMRC has included the relief in their notice of coding, advises accountancy firm Blick...

HMRC’s recent Stakeholder Digest (11 April 2022) highlights the following:Ukraine tax relief and guidance – legislation will be introduced to confirm tax reliefs in relation to the Homes for Ukraine Scheme.NICs reliefs for employers of veterans – the...

HMRC’s Managing pension schemes service newsletter for April 2022 confirms that scheme administrators can now migrate pension schemes registered on the pension schemes online service to the managing pension schemes service (MPSS). The newsletter...

HMRC has updated its guidance document HMRC issue briefing: settling disguised remuneration scheme use and/or paying the loan charge. Various sections are either added or updated, clarifying existing practice in relation to the loan charge. Points to...

HMRC has updated its Using making tax digital for income tax guidance to expand the section Who can use making tax digital for income tax to cover circumstances where users are not yet able to sign up.The guidance notes that taxpayers can sign up...

Following a consultation, the government has announced its intention to legislate to regulate stablecoins (a form of cryptoasset which aims to maintain a stable value relative to other assets). This development is intended to pave the way for...