NEWS

The recovery loan scheme is to be extended by six months to 30 June 2022. The scheme was introduced on 6 April 2021 to help businesses access finance as they recover from the impact of the covid-19 pandemic.HMRC’s updated guidance highlights the...

HMRC has updated its leaflet CWG2 Employer further guide to PAYE and NICs for 2021/22 to add the Convention on Social Security Coordination between the UK and the Swiss Confederation to the list of agreements in section 4.5 (employees coming to or...

HMRC is writing to taxpayers who claimed the first, second and/or third grants under the self-employment income support scheme (SEISS) and who either have yet to file their tax return for 2019/20 or have not yet completed the self-employment or...

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...

Tax Journal thanks its authors for October 2021 (click on links below for author profiles and links to articles).

This weeks Autumn Budget confirmed the introduction of a number of new taxes, most of which had been pre-announced. The new 4% tax charge on residential property development companies will start from 1 April 2022, and the health and social...

Following agreement on the two-pillar approach to taxation of the digital economy, the UK has set out plans to withdraw its unilateral digital services tax (DST) and move towards the new global system.In a joint statement with Austria, France, Italy,...

In response to the House of Lords Economic Affairs Finance Bill Sub-Committee inquiry into the draft Finance Bill, the CIOT suggests that basis period reform ‘will exchange largely one-off complexities for ongoing ones and will not provide the...

HMRC’s Stakeholder Digest – 19 October 2021 (published by the CIOT) provides a round-up of the latest news, including the following:actions employers may need to take following the end of the coronavirus job retention scheme (CJRS), including keeping...

The CIOT has responded to HMRC’s consultation Reporting rules for digital platforms on the implementation of the OECD model reporting rules. The rules will require digital platforms to report details of the income of sellers on their platform to the...