NEWS

The CIOT has responded to HMRC’s consultation on modernising tax debt collection from non-paying businesses. Key comments include:Early consultation is welcome. The UK government appears to be gathering evidence on changes in business practices with...

The Finance Bill currently before parliament is expected to receive royal assent on Thursday 24 February 2022....

HMRC has launched a consultation seeking views on draft regulations for the DOTAS NICs regime. The draft National Insurance Contributions (Application of Part 7 of the Finance Act 2004) (Amendment) Regulations 2022 will amend the National Insurance...

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 Archived: CGUPDATE001 Old...

The February 2022 edition of HMRC’s Employer Bulletin covers a wide range of topics for employers, including the following:an update to the Basic PAYE Tools (BPT) will be released at the end of March for the 2022–23 tax year;changes to the Employer...

HMRC has published Agent Update issue 93 (February 2022) providing a round-up of recent developments for tax agents and advisers, including the following:CJRS claims information: HMRC published a monthly list of employers who claimed under the CJRS....

The Guernsey government has announced that it is commissioning an independent review to consider corporate tax options as part of wider tax reforms to meet a forecast tax shortfall of around £85m per year....

The OECD Secretary-General’s February 2022 tax report to G20 finance ministers and central bank governors includes the latest OECD views on the following:For pillar two, the technical working group are finalising the commentary on the GloBE rules to...

HMRC has published further new and updated guidance for imports, exports and customs to reflect the post-transition period regime:Customs (Amendment) (EU Exit) Regulations, SI 2022/109: these regulations amend customs legislation applying to the...

On 17 February 2022, the Home Office confirmed that the Tier 1 Investor visa route would now be shut to all new applicants with immediate effect. The UK’s Tier 1 (Investor) visa category, called the ‘golden visa’ scheme, gave non-UK residents with...