NEWS

The rate of late-payment interest for most taxes is increased to 4.25%, and the repayment interest rate is increased to 0.75%, from 23 August 2022.The changes follow the Bank of England decision on 5 August 2022 to increase the bank base rate from...

New factsheet CC/FS72 identifies the following main risks associated with using email to contact HMRC:confidentiality and privacy: emails sent over the internet may be intercepted;confirmation of identity: HMRC will only communicate with established...

HMRCs latest Stakeholder Digest includes the following highlights: * Hyrax Resourcing Ltd, a disguised remuneration tax avoidance scheme promoter, has been fined 1 million after HMRCs successful legal challenge at the...

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

The Office of Tax Simplification (OTS) is to carry out a review of the tax implications of hybrid and distance working, with a particular focus on arrangements which involve employees working across borders.The scope of the review will cover...

In a new series of questions and answers, HMRC sets out its responses to common errors in the calculation of coronavirus job retention scheme (CJRS) grants for eligible employees. The examples are not exhaustive but aim to cover general themes and...

The Tax Chamber president has released an updated version of the FTTs guidance on taking oral evidence from abroad. The principal change to the original version (published on 12 April) is that the witness should be notified to the tribunal and...

This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors. Direct taxes Manual Page Comments Bank Levy Manual Added: BKLM323530 and...

Responding to the employment status framework consultation outcome, the UK government has concluded that now is not the right time to bring forward proposals for alignment between the employment status frameworks for employment rights and tax. The...

The ATT and CIOT are calling on HMRC to publish detailed practical guidance on taxpayer obligations under making tax digital for income tax self-assessment, and to objectively review the timetable for...