NEWS

In calculating their annual pay bill, businesses must include payments to intermediaries, such as a personal service company, a partnership or other individual, which are subject to the off-payroll working rules. HMRC has clarified that this applies...

HMRC’s Employer Bulletin (August 2022) announced that a variable payment plan for PAYE and NIC liabilities will be introduced from 19 September 2022. The current system allows only a single payment to be made by direct debit. In response to questions...

This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.Direct taxesManual Page Comments Capital Gains Manual Updated: CG28500 Updated to...

New Prime Minister Liz Truss has pledged to ride out the storm and deliver a pro-growth tax-cutting agenda, while also tackling the cost of living crisis.Tax will be front and centre of Chancellor Kwasi...

In response to HMRCs call for evidence on the taxation of decentralised finance involving the lending and staking of cryptoassets, the CIOT has suggested that the government should undertake a complete overhaul of the legislation and guidance...

HMRC has published new guidance in its Trust Registration Service Manual at TRSM70070 on how to report trust discrepancies by 1 September 2022 which is the deadline for most trusts to be registered on the trust registration service. Existing guidance...

An OECD report, Tax morale II: building trust between tax administrations and large businesses, reveals that routine compliance by large business, MNEs and the Big Four firms was generally perceived to be good, but highlights distrust among tax...

CIOT president Susan Ball has repeated calls for increased government investment in HMRC to improve the departments unacceptable service levels which are impacting the finances and cashflow of businesses and individuals...

HMRC has published pension schemes newsletter (August 2022) which includes the following—relief at source — scheme administrators must submit the APSS106—registered pension schemes relief at source annual claim for 2021/2022 to HMRC by 5 October...

HM Treasury has published a Memorandum of Understanding (MoU) between the Scottish Fiscal Commission (SFC) and HM Treasury (HMT).The purpose of MoU is to facilitate communication and regular engagement between the SFC and HMT, to ensure that the SFC...