In brief: 29 July 2021

The Major Sporting Events (Income Tax Exemption) (2021 UEFA Super Cup) Regulations SI 2021/882 provide for an exemption from income tax on income earned in the UK in connection with the 2021 UEFA Super Cup football match which is due to be held in Belfast on 11 August.

The factsheet Compliance checks: penalties for enablers of defeated tax avoidances – CC/FS43 has been updated to reflect changes made to legislation by the Finance Act 2021.

HMRC has updated its guidance with information on National Insurance for workers from the UK working in EU, Iceland, Liechtenstein, Norway or Switzerland, but whose work location has changed temporarily because of Covid-19 related travel restrictions.

Tax credits claimants have until 31 July to renew their tax credits claim or risk their payments being stopped, advises HMRC.

HMRC has updated its guidance on relief from stamp duty when instruments effect intra-group transfers of stock or marketable securities. It explains what to do if taxpayers have not submitted a notification or claim by email before, if they cannot submit their claim electronically, and guidance on common errors.

An error crept in at the production stage of the magazine to the planning point on page 15 in ‘Get your losses in order!’, 22 July. This should read: ‘It is important to note that the flexibility in the order of loss set-off under the new rules applies to income losses, not corporation tax losses.’ We apologise for any confusion caused.