UUÂãÁÄÖ±²¥

Weekly tax highlights ― 17 March 2025

Produced by a Tolley Owner-Managed Businesses expert
Owner-Managed Businesses
Guidance

Weekly tax highlights ― 17 March 2025

Produced by a Tolley Owner-Managed Businesses expert
Owner-Managed Businesses
Guidance
imgtext

Direct taxes

SI 2025/330 The Statutory Maternity Pay (Compensation of Employers) (Amendment) Regulations 2025

Regulations have been published to amend the amount of statutory maternity pay that small employers are entitled to recover from HMRC.

These Regulations are made to amend SI 1994/1882 and SR 1994/271 to increase the additional amount that small employers are entitled to recover from HMRC from 3.0% to 8.5% of the amount of statutory maternity pay they have paid out.

This increase takes effect from 6 April 2025.

SI 2025/294 The Income Tax (Pay As You Earn) (Amendment) Regulations 2025

These Regulations are made to amend the Income Tax (Pay As You Earn) Regulations 2003, SI 2003/2682 to insert a new definition of ‘secondary threshold’.

These Regulations are made to amend SI 2003/2682 to:

  1. •

    amend regulation 2(1) insert a new definition of ‘secondary threshold’

  2. •

    • amend regulations 47(2), 48(2), 49C(2) and 49D(2) concerning new starter procedures for seconded expatriates to add reference to the secondary threshold so that an employer must apply either the lower earnings limit or the

Continue reading the full document
To gain access to additional expert tax guidance, workflow tools, and tax research, register for a free trial of Tolley+â„¢
Powered by
  • 17 Mar 2025 06:50

Popular Articles

Tax implications of administration and liquidation

Tax implications of administration and liquidationThis guidance considers the tax implications of a company going into administration or liquidation.Introduction to company administration and liquidationCompany going into administrationA company which is in financial difficulty may go into

14 Jul 2020 15:29 | Produced by Tolley Read more Read more

Corrections and amendments to the IHT account

Corrections and amendments to the IHT accountThis guidance note explains how to deal with changes to the taxable values in the original inheritance tax account.Why do amendments arise?When the IHT account is first submitted to HMRC, it is based on information available at an early stage of the

14 Jul 2020 11:20 | Produced by Tolley Read more Read more

Indexation allowance and rebasing

Indexation allowance and rebasingThis guidance note explains the general rules surrounding the availability of indexation allowance (which was frozen at December 2017) on the disposal of company assets and provides information on the rebasing rules for assets held on 31 March 1982. For an overview

14 Jul 2020 11:59 | Produced by Tolley in association with Jackie Barker of Wells Associates Read more Read more