NEWS

Businesses could face major refinancing problems in the latter half of 2022 if the recovery loan scheme (RLS) is not extended beyond the summer and banks continue to refuse to transfer outstanding CBILS when companies refinance, according to...

HMRC has published new guidance on making late CJRS claims where the deadline was missed and using the online service to view or delete previous claims. The CJRS ended on 30 September 2021 and 14 October 2021 was the last date to make a claim for...

HMRC has updated its policy paper Extended loss carry back for businesses to clarify in the section on ‘loss carry-back allocation statement requirements’ that only those members of the 2020 or 2021 group (as appropriate) that are within the charge...

The Money Laundering and Terrorist Financing (Amendment) (No 3) (High-Risk Countries) Regulations, SI 2021/1218, update the list of high-risk third countries in Sch 3ZA to the Money Laundering, Terrorist Financing and Transfer of Funds (Information...

This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors. Direct taxesManual Page Comments Decision And Appeals For National Insurance...

The Treasury and HMRC are consulting on the introduction of a corporate UK re-domiciliation regime to support companies seeking to relocate to the UK. The proposals would allow companies incorporated outside of the UK to move their domicile to the...

The Treasury has published the outcome of its consultation on business rates. In its final report the Treasury makes the following commitments:temporary 50% relief (up to a cap of £110,000) per business for eligible retail, hospitality and leisure...

The Treasury has issued the following regulations which designate various locations as freeport tax sites within the Humber, Teesside and Thames Freeports: Designation of Freeport Tax Sites (Thames Freeport) Regulations, SI 2021/1195;Designation of...

HMRC has published pension schemes newsletter 134, bringing together the latest news for scheme administrators, employers and advisers.The newsletter summarises three Autumn Budget 2021 pensions measures:Pensions tax administration – noting that the...

The CIOT and Low Incomes Tax Reform Group (LITRG) have published a response to the Scottish government’s consultation Tax policy and the Budget – a framework for tax.Key points from the response include:The publication of a framework for tax is...