NEWS

HMRC has released new versions of the following guidance for employers, updated for the tax year 2022/23:CWG2: further guide to PAYE and National Insurance contributions; and CWG5: Class 1A National Insurance contributions on benefits in kind....

The House of Commons library has published a research briefing on the 2019 loan charge covering the introduction of the legislation, its consideration by the House of Commons and the debate as to whether HMRC’s approach has been fair or not,...

HMRC has published new guidance on the evidence companies need to provide in support of claims for the various creative industry tax reliefs.Alongside making a claim in the company tax return, supporting evidence must be provided to HMRC – either...

In response to questions from the CIOT, HMRC has commented on the position where notices to file income tax returns have incorrectly been issued to non-resident corporate landlords for the tax year 2020/21. From April 2020, the profits of...

Tax Journal thanks its authors for January 2022. Click on links below for author profiles and details of articles.

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 Deleted: CG66636,...

HMRC used 875 production orders in the 12 months to 31 March 2021 to compel professional advisers (including tax advisers, lawyers and accountants) to disclose information relating to clients suspected of being involved in tax evasion. Production...

The European Commission invites views on whether the current EU VAT rules are adapted to the digital age, and on how digital technology can be used both to help member states fight VAT fraud and to benefit businesses. Views are sought on: (i) VAT...

The OECD has released the 2022 edition of its transfer pricing guidelines for multinational enterprises and tax administrations which provide guidance on the application of the arms length principle for cross-border transactions between...

According to figures obtained Saffery Champness, only six participants are piloting making tax digital for income tax self-assessment (MTD for ITSA) in the current tax year. HMRC has explained that, as with MTD for VAT, numbers are restricted in the...