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Tax news from March 2023

The latest news about the UK's tax system brought to you by ICAEW's Tax Faculty.
Displaying 1-10 of 25 results
P11Ds and P11D(b)s must be submitted only online from 6 April 2023
  • Article
  • 29 Mar 2023
Employers (except for the digitally excluded) will be required to submit and amend forms P11D and P11D(b) online only. Paper original and amendment forms P11D and P11D(b) will be rejected.
Thousands of self assessment taxpayers to be moved to digital filing
  • Article
  • 28 Mar 2023
HMRC is contacting almost 135,000 taxpayers who currently file paper self assessment (SA) tax returns to tell them that they will need to phone HMRC if they require a paper form. The SA forms will no longer be available to download from gov.uk.
Help HMRC develop guidance on new rules for digital platform reporting
  • Article
  • 28 Mar 2023
HMRC is seeking feedback on specific points to assist in the drafting of guidance on the rules as they apply to the UK.
Happy birthday, VAT
  • Article
  • 28 Mar 2023
ICAEW celebrates 50 years since the nation’s favourite tax was introduced in the UK.
Tax news in brief 29 March 2023
  • Article
  • 28 Mar 2023
Highlights from the broader tax news for the week ending 29 March 2023, including: VAT penalty notices; the removal of the lifetime allowance; making MDR reports; Welsh Freeports; LBTT relief for green freeports; and an LBTT webinar series.
Overpayments of CGT following self assessment
  • Article
  • 28 Mar 2023
Self assessment tax return filers who have also submitted a capital gains tax (CGT) UK property return may end up in an overpayment position. ICAEW’s Tax Faculty recaps the process for claiming a CGT repayment.
HMRC interest rates to increase in April
  • Article
  • 28 Mar 2023
Following the Monetary Policy Committee decision to increase the Bank of England base rate to 4.25%, HMRC has announced increases to both the interest charged on late paid tax and the rate paid on repayments of tax.
Call for evidence: VAT energy saving materials relief
  • Article
  • 28 Mar 2023
The UK government is seeking views on whether the VAT zero rate for the installation of energy saving materials should be extended to additional technologies and to installations in charitable premises.
Key measures in Spring Finance Bill 2023
  • Article
  • 23 Mar 2023
The Finance (No. 2) Bill 2022/23 includes Spring Budget announcements such as the full expensing first-year capital allowance, abolition of the pension lifetime allowance charge and investment zones.
Customs Declaration Service: have you been charged twice?
  • Article
  • 22 Mar 2023
A recent major incident with the service has caused some declarants to make import declarations twice, meaning taxpayers may have been charged twice for the same movement.
Displaying 1-10 of 25 results

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