Employment allowanceSome 1,153,000 employers claimed the employment allowance in 2021-22, according to HMRC statistics. This is an increase of 6% from the previous year. 85% of...
HMRC is enhancing compliance checks on research and development (R&D) tax credit claims to prevent abuse of the relief. As a result, HMRC’s standard processing times will...
Long-standing concerns about HMRC’s performance standards are the subject of a joint letter from the ATT, CIOT, ICAEW and to Myrtle Lloyd, HMRC director general customer...
HMRC is planning to bring in more taxpayers to the making tax digital for income tax self assessment (MTD ITSA) from 1 July 2022.In a letter to tax agents, HMRC said: ‘We...
Draft legislation will be published in the summer to implement the Organisation for Economic Co-operation and Development’s (OECD’s) pillar 2 framework in the UK, the...
The Northern Ireland Protocol Bill aims to amend the operation of the Northern Ireland protocol in the domestic law of the UK. It will disapply some elements and delegate powers to...
A growing number of FTSE100 companies are voluntarily disclosing total tax contributions and tax-related climate impact as part of their annual disclosures, according to a new PwC...
PensionsThe May edition of HMRC’s Pension schemes newsletter 139 has articles on: relief at source ― annual return of information for 2021-22; digitisation of relief at...
The government has confirmed that student loan interest rates will remain at 7.3% from September. A rise in the rate of RPI due to global economic pressures would otherwise have...
HMRC will be reviewing 2020-21 tax returns for individuals who, according to its information, have exceeded their business asset disposal relief or entrepreneurs’ relief...
The government’s plan to raise corporation tax to 25% for companies with profits above £250,000 next April means the UK will fall from sixth place to 21st in the global...
In 2019, UK taxpayers held more than £850bn in overseas bank accounts, of which £570bn was held in tax havens, according to figures received by Tax Policy Associates in...