Latest news on the UK tax system, brought to you by the ICAEW Tax Faculty.
Join a webinar on 15 April organised by ICAEW’s Tax Faculty to have your questions on MTD and the digital transformation of the UK’s tax system answered by Jo Rowland, the recently appointed Director General of HMRC’s Transformation Business Group.
Highlights from the broader tax news week ending 31 March, which includes: HMRC repackaging its guidance on tax implications of cryptocurrencies and rate change for COVID statutory sick pay rebate scheme.
A host of tax changes come into force from the start of April 2021, including the long-anticipated introduction of off payroll working (IR35) and the next phase of requirements under Making Tax Digital for VAT. ICAEW’s Tax Faculty outlines what you need to know.
Are you an agent with experience of the corporate interest restriction return? HMRC would appreciate your feedback on its new digital service.
Businesses qualifying for a grant under the Brexit Support Fund only have until 30 June 2021 to apply and may not succeed if the £20m fund runs out before the deadline.
Highlights from the broader tax news week ending 24 March, which includes: new support on the tax treatment of paying employee transport costs due to COVID-19, an error in CWG5 and a reminder of self-assessment payment deadline.
VAT-registered businesses whose partial exemption method does not give a fair result because their trading activities have been affected by COVID-19can request temporary alterations to their calculation methods. HMRC has confirmed it is now speeding up the process.
Using the tax system to support the UK’s commitment to reduce its environmental impact is not as simple as it seems. ICAEW’s Tax Faculty outlines two new consultations on taxes that aim to reduce carbon emissions.
Tougher requirements for transfer pricing documentation will better focus compliance interventions and bring more alignment with international approaches, according to HMRC. ICAEW’s Tax Faculty outlines a new consultation on updating rules.
HMRC has published a second consultation on developing rules for large businesses to report uncertain tax positions, as it continues to work with stakeholders on how to resolve tax disputes quickly.