NEWS

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)...

The OTS has published an online survey and call for evidence seeking views from individual landlords and small businesses as well as professional advisers and representative bodies on potential simplification of the tax treatment of property...

New tax checks will apply for licence applications by taxi drivers and scrap metal dealers from 4 April 2022, as HMRC targets sectors it considers high risk, under the new powers introduced in FA 2021 Sch 33.HMRCs published list of...

The CIOT has welcomed the proposal to align the income tax and NICs thresholds but highlights a number of practical points:the effective annual thresholds for NICs will be 11,908 for 2022/23 (rather than aligning with the income tax personal...