NEWS

The CIOT reports that HMRC intends to send out various letters in October to corporates, agents and unrepresented taxpayers in relation to outstanding ATED returns, and discrepancies reported on tax returns in relation to investment income, benefits...

The Treasury has announced a one-year spending review which will set government department budgets and devolved administration block grants for 2021/22. The governments aim is to focus entirely on the response to covid-19 and supporting...

HMRCs recent guidance includes:Defer your Self Assessment payment on account due to coronavirus (COVID-19): updated to cover time to pay arrangements for deferred tax due on 31 January 2021 and how to reduce payments on account for...

This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.Direct taxesManual Page Comments Business Income Manual Updated: BIM60515 Updated...

The OECD/G20 Inclusive Framework on BEPS has published blueprints for the two-pillar consensus-based approach to taxation of the digital economy. The blueprints reflect the convergent views of the 137 jurisdictions signed...

HMRC has updated its various loan charge guidance notes to reflect the passing of the 30 September 2020 reporting deadline. Taxpayers and employers who missed the deadline are advised to report any outstanding loan balance if they havent...

HM Treasury has announced that the coronavirus job support scheme (JSS) has been expanded to all UK firms which have been legally required to close due to the pandemic. Those eligible under the JSS will receive grants to pay two thirds of the wages...

HMRC has published new guidance for businesses which contract with a third party to either receive or supply the services of workers. The guidance focuses on due diligence businesses need to undertake to ensure the integrity of the supply chain,...

In an update to Pension Schemes Newsletter 124, HMRC says the protected pension age easement for certain pension scheme members re-employed as a result of coronavirus will expire on 1 November 2020 and will not be extended further. Some individuals...

The CIOT has responded to HMRCs consultation on the proposed 12-month secondary class 1 NICs holiday for employers hiring veterans from April 2021. In summary, the CIOT supports the proposal and believes the relief should be available to as...