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These Regulations are supplementary to the legislation in Finance Act 2021 that provides for a temporary extension to the trading loss carry back rules from 12 months to three years for companies and unincorporated businesses.

HMRC has published Spotlight 58 – tax avoidance arrangement attempting to avoid corporation tax, income tax and National Insurance contributions (NICs) by using unfunded pension arrangements.

14 June 2021 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

HMRC has updated its guidance to section 1.10 to say how CIS payments and deductions should be reported to HMRC for individual traders and partnerships.

Finance Act 2021

HMRC has published its bi-monthly magazine providing the latest information on payroll-related topics for employers and agents.

The Office of Tax Simplification (OTS) has published a document setting out the scope of a new high-level exploration of the benefits, costs and wider implications of changing the date of the end of the tax year for individuals and will publish a further report over the Summer of 2021.

7 June 2021 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

G7 Finance Ministers strike agreement on global tax reform that will mean the largest multinational tech giants will pay their fair share of tax in the countries in which they operate.

The OECD has published the public comments received on proposed changes to commentaries in the OECD Model Tax Convention on Article 9 and related articles.

The Government has responded to the House of Commons Treasury Committee’s report ‘Tax after Coronavirus’, published in March 2021.

The online claims service for the fifth SEISS grant covering May 2021 to September 2021 will be available from late July 2021.

The OECD has published a new report highlighting the crucial role of tax transparency and the exchange of information (EOI) in helping African governments to stem illicit financial flows and increase domestic resource mobilisation.

HMRC has published the Australia-UK memorandum of understanding (MOU) on arbitration under Part VI of the Multilateral Instrument.

31 May 2021 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

HMRC has published revised advisory fuel rates for company cars which apply from 1 June 2021.

The OECD has published the stage 2 peer review monitoring reports for Estonia, Greece, Hungary, Iceland, Romania, the Slovak Republic, Slovenia and Turkey under the BEPS Action 14 minimum standard for the resolution of tax-related disputes.

24 May 2021 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

The Courts and Tribunals Judiciary has published a Practice Note issued by Chamber President, Mr Justice Zacaroli, on electronic filing of documents in the Upper Tribunal, Tax and Chancery Chamber using CE-File.

OECD has published an opinion on interpretation and implementation of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) approved by the conference of the Parties to the MLI.