NEWS

On 12 November 2020, HMRC published further draft legislation for Finance Bill 2021. Consultation on the draft clauses will run until 7 January 2021. Finance Bill 2021 is expected to be introduced to Parliament in spring 2021, shortly after a spring...

HMRC has issued guidance (new factsheet CC/FS11a) on the penalties that it can charge where overpayments made under the coronavirus support schemes have not been notified. These cover the CJRS, the SEISS and the eat out to help out scheme....

HMRC has published detailed guidance in its Corporate Intangibles Research and Development Manual (at CIRD46000 onwards) on the FA 2020 changes to the corporate intangible fixed assets regime that apply from 1 July 2020, including worked examples on...

HMRC has published responses to its consultation on proposed changes to the rules to prevent tax loss from the operation of the construction industry scheme. Measures to tackle abuse were generally supported, and the government will...

The Income Tax (Exemption of Minor Benefits) (Coronavirus) Regulations, SI 2020/1293 provide a temporary income tax exemption for the 2020/21 tax year, to ensure employees provided with a Covid-19 antigen test by their employer are not subject to a...

HMRC has amended its guidance for non-residents on letting HMRC know about CGT on UK property or land. The guidance now notes that, for properties disposed of up to 5 April 2020, it is possible to use the online form to send an amended non-resident...

The ATT reports a number of clarifications from HMRC on how agents and executors should use the trust registration service (TRS). According to HMRC, the requirement to update details on TRS does not apply to estates which have registered to obtain a...

HMRC has updated its coronavirus statutory sick pay rebate scheme guidance to cover claims for extremely vulnerable employees who have been advised to shield. The section of the guidance setting out what employers can claim has been updated to...

HMRC has published updated guidance on claiming VAT refunds on goods and services sold in the UK to help stakeholders prepare for the end of the Brexit transition period. The guidance updates the date by which stakeholders can amend and view refund...

HMRC has published new guidance on customs declarations for goods sent from or brought into Great Britain and Northern Ireland from 1 January 2021 after the end of the Brexit transition period.Goods sent from Great Britain and Northern Ireland:Goods...