NEWS

Spring Statement 2022 announced a time-limited zero rate of VAT for the installation of certain energy-saving materials (ESMs). The Value Added Tax (Installation of Energy-Saving Materials) Order, SI 2022/361, introduces the zero rate, meaning that...

The National Minimum Wage (Amendment) Regulations, SI 2022/382, increase the National Living Wage (the national minimum wage for workers aged 23 and over) from £8.91 to £9.50 per hour with effect from 1 April 2022. The minimum hourly rates for...

As part of the UK government’s response to the pandemic, individuals who were unable to work for coronavirus-related reasons (e.g. when required to self-isolate) were eligible to receive statutory sick pay (SSP), and the usual ‘waiting days’ before...

The Income Tax (Construction Industry Scheme) (Amendment) (Northern Ireland) Regulations, SI 2022/385 update a reference in the principal Construction Industry Scheme Regulations (SI 2005/2045) to ensure that amounts of tax withheld from payments to...

HMRC’s Employment-related Securities Bulletin 41 highlights the end of the following coronavirus-related relaxations:Covid-19 easement for Save As You Earn (SAYE): which allowed participants in SAYE schemes to pause their contributions without...

From 6 May 2022, HMRC will only accept postal claims using the revised P87 form for income tax relief on employment expenses and will reject claims that are made on substitute claims forms. Currently, substitute claim forms are widely used by...

In a joint response to the Welsh government’s consultation on proposals to vary rates of land transaction tax in Wales at a local level, to address the impact of second homes and short-term holiday lets on the affordability and availability of...

Tax Journal thanks its authors for March (click on links below to view author profiles).

The Chancellor of the Exchequer, Rishi Sunak, delivered his Spring Statement on Wednesday 23 March 2022. Key announcements included:a 12-month cut to fuel duty by 5p a litre;an increase in the threshold after which NICs apply to earnings to align...

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 Updated: CG13150 Updated...