Highlights from the broader tax news for the week ending 20 April 2022, including: Employer Bulletin; a survey from ABAB; and a consultation on revoking Moscow Stock Exchange’s recognised status.
HMRC’s Employer Bulletin
The latest edition of HMRC’s Employer Bulletin contains several reminders with links to other guidance. This includes:
- deadlines for PAYE settlement agreements (PSAs);
- reporting benefits-in-kind including where none provided;
- paying PAYE (22 May is a Sunday);
- paying class 1A national insurance contributions (NIC);
- NIC claims for employing veterans;
- the need to report coronavirus grants in business tax returns; and
- the ending of coronavirus easements for working from home, cycle to work and non-UK residents stuck in the UK.
The Administrative Burdens Advisory Board 2022 Tell ABAB survey
Small businesses are invited to compete a short survey for the Administration Burdens Advisory Board (ABAB). The survey concerns how easy it was to follow the rules for coronavirus support grants administered by HMRC. The survey is open until 4 May 2022. The results will be published in the summer.
Consultation on revoking Moscow Stock Exchange’s recognised status
The government has launched a two-week consultation on a draft revocation order to revoke the Moscow Stock Exchange’s (MOEX) status as a recognised stock exchange. This is in response to restrictions the Bank of Russia has placed on foreign investors. Revoking recognised stock exchange status will limit the ability of people who have invested in assets traded on the MOEX to access certain UK tax reliefs which are contingent on that status – such as an exemption from withholding tax on interest bearing Qualifying Eurobonds and eligibility for inclusion in an Individual Savings Account. However, access to those treatments and reliefs for existing MOEX investments should remain unaffected.
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