NEWS

The Employment Rights Act 1996 (Coronavirus, Calculation of a Week’s Pay) (Amendment) (No 2) Regulations, SI 2021/487 amend the Employment Rights Act 1996 (Coronavirus, Calculation of a Week’s Pay) Regulations, SI 2020/814 as a result of the...

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 Added: CG13137 Added...

The government put forward two sets of amendments for consideration of the House of Commons during the Committee of the Whole House stage, which is the first time changes to the Bill are debated and approved.On the first day of those...

The chancellor has made a further Direction in relation to the Coronavirus Job Retention Scheme (CJRS) under ss 71 and 76 of the Coronavirus Act 2020, reflecting the extension of the Scheme to 30 September 2021. It provides for tapering of support in...

HMRC has published Agent Update issue 83 (April 2021) bringing together the latest technical updates and reminders, including the following:the latest updates to the CJRS guidance, including a change to amending PAYE settlement agreements for...

HMRC has updated its guidance on the VAT deferral new payment scheme to cover penalties and interest that may be charged where businesses fail to pay the deferred VAT in full.Businesses may be charged a 5% penalty or interest if they do not pay the...

HMRC has published further new and updated guidance for imports, exports and customs to reflect the post-transition period regime:Apply for a grant to help small and medium-sized businesses new to importing or exporting: clarification of who can...

The CIOT has responded to HMRC’s consultation on VAT and value shifting. The consultation set out proposed changes to the current rules for apportioning the consideration between supplies with mixed liabilities in a single transaction, in order to...

The OECD has published a report: The Impact of the Growth of the Sharing and Gig Economy on VAT/GST Policy and Administration to help tax authorities design and implement effective VAT/goods and services tax (GST) policy response to the growth of the...

The OECD has published stage 2 peer review monitoring reports for Australia, Ireland, Israel, Japan, Malta, Mexico, New Zealand and Portugal under BEPS Action 14 (mutual agreement procedure).The reports evaluate the progress made by these eight...