In brief: 20 April 2023

VAT

The FA 2009 (VAT-related Payments) (Interest) (Appointed Day) Order SI 2023/385 appoints 1 May 2023 as the date on which late payment interest on sums due to HMRC and repayment interest on sums due to be paid by HMRC (FA 2009 s 101 and s 102) come into force for SI 2023/68 which introduced a new second-hand margin scheme for vehicles bought in GB and removed to Northern Ireland for resale.

tinyurl.com/si2023385

Research and development

HMRC has updated its research and development (R&D) guidance to add more information about small and medium-sized company R&D tax relief and a new section on what should be done before claiming tax relief for accounting periods beginning on or after 1 April 2023 and for claims from 1 August 2023.

tinyurl.com/hmrcranddsmegui

PAYE

HMRC has updated CWG2 ‘further guide to PAYE and National Insurance contributions’ to include the dates for week 53...