NEWS

The chancellor of the exchequer hascommissionedthe Office for Budget Responsibility to produce an economic and fiscal forecast for Wednesday 23 March 2022.The publication of these forecasts often coincides with a fiscal event. Under the...

The Public Bill Committee has now completed its work on Finance Bill 2022 and has reported the Bill with amendments to the House. As a result, the committee is no longer able to receive written evidence.FB 2022 is now due to have its report stage and...

Tunisia has committed to implement the international standard for automatic exchange of financial account information in tax matters (AEOI) by 2024, which makes Tunisia the 121st Global Forum member to commit to start AEOI by a specific date, and the...

HMRC has published a new leaflet Full customs controls – actions for EU businesses trading with the UK. The leaflet outlines actions EU businesses which trade with the UK may need to take following changes to customs arrangements on 1 January 2022,...

HMRC has issued a reminder for VAT-registered businesses to take steps to prepare for making tax digital for VAT before it becomes mandatory for all VAT-registered businesses regardless of turnover, from 1 April 2022.Businesses with taxable turnover...

HMRC’s guidance Stamp duty and stamp duty reserve tax: transfer schemes of arrangement and restructuring plans has been updated to reflect the end of the temporary coronavirus relaxations for submitting transfer schemes of arrangement. The temporary...

The Statutory Sick Pay (Coronavirus) (Funding of Employers’ Liabilities) Regulations, SI 2022/5 provide for the reintroduction the coronavirus statutory sick pay rebate scheme from 21 December 2021.Eligible employers (broadly those who have fewer...

HMRC has announced that the late filing and late payment penalties for self-assessment taxpayers will be waived for one month, giving extra time to complete the 2020/21 tax return and pay any tax due. The filing and payment deadline of 31 January...

Direct taxes Manual Page Comments Bank Levy Manual Added: BKLM315000, BKLM315100, BKLM315110, BKLM315120, BKLM315130, BKLM315140, BKLM315200, BKLM315300, BKLM315400, BKLM315500, BKLM315600, BKLM315610, ...

The OECD has published detailed model rules for pillar two, providing governments with a template to implement the two pillar agreement to address the tax challenges of the digitalised global economy, as agreed in October 2021.Tax challenges arising...