Employment Taxes Forums: May 2023
In this article, we summarise the main points from meetings of various groups that took place in early Spring 2023, whic...
Technical
Technical
Accounting periods straddling 1 April 2023
Ordinarily, when a company’s accounting period straddles a change of corporation tax rates on 1 April, Corporation Tax A...
VAT: new penalty system
The CIOT continues to engage with HMRC on the new penalty system. At a recent Penalty Forum meeting, two points of note ...
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Artificial intelligence: transforming the world of indirect tax
The recent wave of media coverage on artificial intelligence (AI) following the launch of ChatGPT and other ‘generative ...
VAT: the second-hand motor vehicle payment scheme
The new second-hand motor vehicle payment scheme (‘SHMVPS’) was due to be launched in October 2022.
Tax simplification
During his ‘Growth Plan’ statement on 23 September 2022, the then Chancellor of the Exchequer Kwasi Kwarteng announced t...
The HMRC Standard for Agents update
The HMRC Standard for Agents (the Standard) sets out HMRC’s guidance on minimum standards expected of tax agents, and th...
R&D: update and recent developments
April 2023 compliance measures A number of changes to R&D reliefs are due with effect from April 2023....
Calculating holiday entitlement for part-year and irregular hours workers
Although it has no statutory basis, until fairly recently, it has been widely accepted that using a formula of 12.07% to...
HMRC’s annual stakeholder conference
Over 200 stakeholders joined many senior HMRC personnel at their annual stakeholder conference held at the QE2 Centre in...