NEWS

Three additional panel members are being sought for the GAAR Advisory panel, for an initial period of three years. Applicants with expertise in employment tax and SDLT are particularly encouraged to apply. The closing date for applications is 11pm on...

The OECD is consulting until 18 April 2022 on Draft rules for domestic legislation on scope under amount A of pillar one. The rules will determine whether a multinational group is within the scope of amount A and are designed to bring certainty to...

The OECD has released a standardised format to support the electronic reporting and automatic exchange of information collected under the Model reporting rules for digital platforms which require digital platforms to report income realised by those...

To coincide with the introduction of plastic packaging tax on 1 April 2022, HMRC has refreshed its guidance to summarise the requirement to register. Businesses which have manufactured or imported ten tonnes or more of finished plastic packaging...

The temporary 12.5% reduced rate of VAT for the hospitality and tourism sectors ended on 31 March 2022. Groups 14 to 16 of VATA 1994 Sch 7A expired on that date meaning that, from 1 April 2022, supplies should be standard rated. HMRC has updated the...

HMRC has published a new VAT brief covering retrospective claims for overpaid import VAT on imports of dental prostheses. Autumn Budget 2021 announced that, from 28 October 2021, dentists (or those importing on their behalf) would be able to exempt...

All VAT-registered businesses are mandated to sign up to making tax digital for VAT from 1 April 2022. Alongside general revisions to its MTD for VAT guidance, HMRC has published a new table setting out the following timelines for businesses:...

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...