NEWS

The Social Security (Contributions) (Rates, Limits and Thresholds Amendments and National Insurance Funds Payments) Regulations, SI 2022/232, give effect to the following from 6 April 2022:increases in the flat-rate class 2 and 3 weekly...

The CIOT has responded to the Scottish government’s call for evidence on the land and buildings transaction tax additional dwelling supplement (ADS). Key points include:Timelines: the current 18-month deadline for sale of the main residence and the...

The National Insurance Contributions Bill is in the final stages of progressing through Parliament with amendments passing back and forth between the Commons and Lords. The House of Commons has approved the following 10 amendments to the Bill that...

HMRC has published new guidance for businesses wanting to enter the qualifying asset holding companies (QAHC) regime, covering the qualifying criteria for the company, the requirements for notifying HMRC, and preparation of the QAHC return (see...

HMRC has published new guidance confirming that the corporation tax online service will be updated in April 2022 to support claims for the following allowances:super-deduction and 50% first-year capital allowances for qualifying expenditure on plant...

The Income Tax (Pay As You Earn) and the Income Tax (Construction Industry Scheme) (Amendment) Regulations, SI 2022/227, allow HMRC to issue Directions setting out how employee expenses should be provided HMRC, and make changes to the rules on...

The following three sets of Regulations have been made to designate freeport tax sites within the East Midlands, Liverpool City and Solent freeports from 22 March 2022:Designation of Freeport Tax Sites (East Midlands Freeport) Regulations, SI...

Tax Journal thanks its authors for February. Click on links below to view author profiles.

HMRC has launched a consultation to gather evidence and inform government policy on the proposal for an online sales tax (OST) as a means to rebalance the taxation of the retail sector between online and in-store, using the revenue raised from online...

Alongside publishing the scoping details for a review of its work for the next five years, the Office of Tax Simplification (OTS) has released new papers on the role of agents and other intermediaries, the operation of the PAYE system, and the scope...