The government has launched a consultation on audio-visual reliefs namely: film tax relief (FTR), animation tax relief (ATR), high-end TV tax relief (HETV tax relief),...
The Autumn Finance Bill 2022 and explanatory notes were published on 22 November 2022. The bill has only 14 pages, 12 clauses and no schedules. It legislates for the key tax...
HMRC has opened the income record viewer, a new service for all agents. This provides access to information available to clients in their personal tax account, but which is not...
The amount of money seized by law enforcement agencies, including HMRC, the Serious Fraud Office (SFO) and the National Crime Agency (NCA), has jumped 77% from £108m to...
The Chartered Institute of Taxation has unveiled its diploma in tax technology (DITT).The diploma reflects that tax advice and the demands on tax professionals have changed...
From 1 December 2022 the advisory fuel rate for fully electric cars will rise from five pence to eight pence a mile.
tinyurl.com/fuelrates
HMRC has updated Notice 701/19: Fuel and...
The November 2022 edition of Agent Update has been published. It brings together technical updates and reminders, including the following.National InsuranceHMRC has identified...
As part of the review of research and development (R&D) tax reliefs, the government is reforming the reliefs to ensure taxpayers’ money is spent 'as effectively as...
The Treasury has confirmed that, as announced on 23 September, the Office of Tax Simplification (OTS) will be closed. It will publish its findings from the call for evidence on...
In his 2022 autumn statement, the chancellor confirmed that the income tax personal allowance (£12,570) and higher rate threshold (£50,270) along with the main National...
HMRC is issuing discovery assessments to people it believes should have submitted a 2018-19 tax return containing the loan charge and who either did not include it or did not...
The Taxation (International and Other Provisions) Act 2010 Transfer Pricing Guidelines Designation Order SI 2022/1147 updates the definition of ‘transfer pricing guidelines’ to...