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Displaying 1-10 of 19 results
OTS report highlights tax changes for a modern working world
- Article
- 22 Dec 2022
The final report from the Office of Tax Simplification (OTS) sets out findings on hybrid and distance working. In the face of evolving modern working practices, respondents call for administration to be streamlined, policy conditions to be eased and for clearer guidance from HMRC.
HMRC nudge letters sent in error
- Article
- 22 Dec 2022
HMRC has advised ICAEW’s Tax Faculty that, due to a mailing list error, some taxpayers or their agents have incorrectly received income tax self assessment reminders for 2020/21.
NAO reports on tax compliance following COVID-19
- Article
- 22 Dec 2022
The National Audit Office (NAO) reports on the impact of the pandemic on HMRC’s ability to carry out compliance activities. The report makes recommendations to maximise the effectiveness of these activities going forward.
Tax news in brief 21 December 2022
- Article
- 21 Dec 2022
Highlights from the broader tax news for the week ending 21 December 2022, including: Spring Budget date announcement; the Scottish budget 2023-24; marginal relief calculator; spotting payroll company fraud; alcohol duty freeze extension; and taxation of transferred basic life assurance and general annuity business.
HMRC restricts use of ADL in January
- Article
- 20 Dec 2022
HMRC is asking agents to use the agent dedicated line only for complex self assessment queries during January 2023. ICAEW is disappointed with this decision.
HMRC interest rates for late and early payments increase again
- Article
- 20 Dec 2022
As HMRC interest rates are linked to the Bank of England base rate, its 15 December increase from 3% to 3.5% has triggered another increase in rates for late payments and repayment of tax.
Fifth deferral of MTD ITSA: an opportunity to get it right, says ICAEW
- Article
- 19 Dec 2022
The government has announced that MTD ITSA will now be introduced in phases from 6 April 2026. While ICAEW welcomes this deferral, it is concerned that more time may not solve the fundamental design and policy problems that have been identified over the past year.
HMRC announces delay to the closure of CHIEF system
- Article
- 16 Dec 2022
The system will now close to export declarations on 30 November 2023.
Tax news in brief 14 December 2022
- Article
- 14 Dec 2022
Highlights from the broader tax news for the week ending 14 December 2022, including: a change for HMRC’s Agent Team; a transitional period for applying the domestic reverse charge to relevant supplies of scaffolding; the Welsh draft budget for 2023-24; the latest Employer Bulletin from HMRC; EU agreement on pillar 2; and expansion of the investment management exemption.
Join ICAEW’s MTDtalk on 20 December
- Article
- 13 Dec 2022
HMRC has withdrawn from most engagement on MTD ITSA since September, leading to speculation about a possible delay. Join ICAEW’s Tax Faculty team for discussion of the latest position.
Displaying 1-10 of 19 results
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