In his spring statement, the chancellor announced that the primary threshold for class 1 National Insurance contributions and the lower profits limit (LPL) for class 4...
The chancellor announced the introduction of a time-limited zero rate of VAT for the installation of some energy saving materials (ESMs). This reverses a Court of Justice of the EU...
The maximum employment allowance will increase from £4,000 to £5,000 from 6 April 2022, the chancellor announced in the spring statement. This means eligible...
Plastic packaging tax
HMRC has published force of law guidance on a range of administrative and technical issues affecting plastic packaging tax.
tinyurl.com/hmrcpptgmarch
Treaty...
The Office of Tax Simplification (OTS) is seeking views about how the taxation of property income could be simplified. The review will consider the current regimes for the taxation...
HMRC is increasing interest rates for late payments for most taxes, after the Bank of England’s decision to increase base rate from 0. 5% to 0.75%.The rate for late paid...
The Association of Accounting Technicians (AAT) has published a report outlining a broad series of tax reform proposals to support the creation of a fairer and more effective tax...
The government’s £100m investment in the Covid taxpayer protection taskforce consisted of the re-tasking of existing HMRC staff from other duties, according to data...
The UK has suspended all exchange of tax information with Russia and Belarus under the UK’s exchange of information agreements.This suspension, effective from 17 March, will...
Disclosure
HMRC has updated its guidance on telling HMRC about unpaid tax. A new ‘other disclosures’ section tells taxpayers who wish to make a disclosure about the coronavirus job...
HMRC needs to do more to raise awareness of the high income child benefit charge (HICBC) and its wider implications, says the Office of Tax Simplification (OTS).In an evaluation...
The government has introduced a customs easement to make it easier to send aid and donations to the people of Ukraine.Businesses, charities and community organisations sending aid...