NEWS

The Child Benefit and Tax Credits (Amendment) Regulations, SI 2022/346, ensure that people who left Ukraine in connection with the Russian invasion on 24 February 2022 are exempt from the requirement to have been living in the UK for at least three...

The Occupational Pension Schemes (Collective Money Purchase Schemes) (Modifications and Consequential and Miscellaneous Amendments) Regulations, SI 2022/337, make various changes to ensure existing legislation dovetails with the new framework for...

The Social Security (Contributions) (Re-rating) Consequential Amendment Regulations, SI 2022/306, increase the special class 2 contributions weekly rate for share fishermen to £3.80 from 6 April 2022 (up from £3.70)....

The Social Security (Contributions) (Amendment) Regulations, SI 2022/300, modify the formulae used to calculate the NICs annual maxima, as a consequence of the 1.25 percentage point increase in NICs rates for the tax year 2022/23.The annual maxima...

HMRC is extending the income tax exemption and NICs disregard from earnings for employer-provided and employer-reimbursed coronavirus tests for the 2022/23 tax year.The Finance Act 2021 (Modification of Section 26) (Coronavirus) Regulations, SI...

The Taxation of Banks (Amendments to the Corporation Tax Act 2009, Corporation Tax Act 2010 and Finance Act 2011) Regulations, SI 2022/286, amend various provisions in primary tax legislation to take account of the new regulatory framework that...

The Social Security Contributions (Freeports) Regulations, SI 2022/313, exempt employees from the requirement to spend 60% of their working time in a freeport site if their working arrangements have been adjusted to accommodate a protected...

The National Insurance Contributions Act 2022 (Application of Part 1) Regulations, SI 2022/307 ensure that the veterans and freeport secondary Class 1 NICs reliefs will apply where an employment is eligible for multiple rates of NICs, but where HMRC...

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: CG13026...

The OECD has also published its much-awaited commentary to the global base erosion (GloBE) model rules (pillar two), providing more than 220 pages of guidance on the interpretation and application of the rules for tax administrations and taxpayers,...