NEWS

The Registered Pension Schemes (Miscellaneous Amendments) Regulations, SI 2022/392, provide for the extension of scheme pays information and reporting deadlines where there has been a retrospective change of facts for a previous tax year.Scheme pays...

The Social Security (Contributions) (Amendment No 2) Regulations, SI 2022/416, temporarily increase the primary class 1 NICs married women’s reduced rate to 7.1% (up from 5.85%) for 2022/23. This reflects the temporary 1.25 percentage point increase...

The Annual Tax on Enveloped Dwellings (Indexation of Annual Chargeable Amounts) Order, SI 2022/399, prescribes the annual chargeable amounts of annual tax on enveloped dwellings (ATED) for chargeable periods beginning on or after 1 April 2022. This...

The Valuation for Rating (Plant and Machinery) (England) (Amendment) Regulations, SI 2022/405, introduce an exemption from non-domestic rates for plant and machinery used in connection with renewable generation (e.g. roof-top solar panels and battery...

The green freeport bidding process opened on 25 March 2022 and will close at 10am on 20 June 2022. Successful bidders will be able to access a range of tax reliefs comparable with the English freeports. Timings for the introduction of tax reliefs are...

The Employment Allowance (Increase of Maximum Amount) Regulations, SI 2022/364 increase the maximum amount of Employment Allowance from £4,000 to £5,000 with effect from 6 April 2022....

HMRC has published new guidance which has the force of law under FA 2022 Sch 17 para 8(6) setting out the details that must be included in a notification of an uncertain tax treatment.HMRC’s Uncertain tax treatment by large businesses manual para...

The CIOT and ATT have given a cool response to HMRC’s call for evidence on income tax self-assessment (ITSA) registration for the self-employed and landlords. As the CIOT response notes:bringing forward the point at which the newly self-employed and...

This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors. Direct taxesManual Page Comments Business Leasing Manual Updated: BLM00510 Note...

The Biden administration has released the Green Book with a package of tax proposals for its FY 2023 Budget. These include:replacing the base erosion and anti-avoidance tax (BEAT) with the OECD pillar twos undertaxed payment rule (UTPR)...