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HMRC Stakeholder Digest - 22 February 2024

HMRC’s latest Digest (22 February 2024) provides short updates on various topics, including changes to the R40 repayment claim form, P87 form, changes to reporting income from self-employment and partnership.

23 Feb 2024 00:00 | Published by a Tolley Employment Tax expert

Finance Act 2024 received Royal Assent on 22 February 2024

Royal Assent to the Finance Act was notified in the House of Lords on 22 February 2024

22 Feb 2024 00:00 | Published by a Tolley Corporation Tax expert

SSI 2024/60 The Scottish Landfill Tax (Standard Rate and Lower Rate) Order 2024

This Order specifies the standard rate and lower rate for Scottish landfill tax for disposals on or after 1 April 2024.

22 Feb 2024 00:00 | Published by a Tolley Corporation Tax expert

Agent update: issue 117

HMRC has published Agent Update issue 117 (21 February 2024) providing a round-up of recent developments and changes to legislation and allowances relating to UK tax for tax agents and advisers.

22 Feb 2024 00:00 | Published by a Tolley Corporation Tax expert

HMRC's further update on Double Cab Pick Up guidance

HMRC has further updated its guidance on the tax treatment of Double Cab Pick Ups.

20 Feb 2024 00:00 | Published by a Tolley Employment Tax expert

New HMRC guidance: Work out your transition profit

HMRC has published new guidance on how to work out transition profit for the 2023/24 tax year for taxpayers affected by the new tax year basis (Basis Period Reform).

20 Feb 2024 00:00 | Published by a Tolley Owner-Managed Businesses expert

Weekly Roundup HMRC Manuals: 19 February 2024

19 February 2024 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors

19 Feb 2024 00:00 | Published by a Tolley Corporation Tax expert

Call for evidence: The Tax Administration Framework Review: enquiry and assessment powers, penalties, safeguards

HMRC has launched a consultation to welcome views on how a range of topics relating to HMRC’s enquiry and assessment powers, penalties, and safeguards could be reformed.

16 Feb 2024 00:00 | Published by a Tolley Corporation Tax expert

Consultation: Draft guidance - Research and Development (R&D) tax reliefs: new contracting out rules and overseas restrictions

HMRC has launched a technical consultation on draft guidance for two aspects of the Research and Development (R&D) tax reliefs due to be implemented on 1 April 2024.

12 Feb 2024 00:00 | Published by a Tolley Corporation Tax expert

Weekly Roundup HMRC Manuals: 12 February 2024

12 February 2024 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors

12 Feb 2024 00:00 | Published by a Tolley Corporation Tax expert

SI 2024/133 The Finance Act 2009, Sections 101 and 102 (Electronic Sales Suppression) (Appointed Day) Order 2024

This Order appoints 4 March 2024 as the day on which FA 2009, ss 101, 102 come into force for the purposes of electronic sales suppression penalties.

08 Feb 2024 00:00 | Published by a Tolley Corporation Tax expert

CIOT response: The Land and Buildings Transaction Tax (Miscellaneous Amendments) (Scotland) Order 2024

The CIOT has responded to the consultation on the draft legislation on The Land and Buildings Transaction Tax (Miscellaneous Amendments) (Scotland) Order 2024.

08 Feb 2024 00:00 | Published by a Tolley Owner-Managed Businesses expert

Finance Bill 2024: Lords Bill published

Finance Bill 2024 has cleared all House of Commons stages and will next move to the House of Lords. The Lords version of the Bill is now available.

08 Feb 2024 00:00 | Published by a Tolley Corporation Tax expert

Weekly Roundup HMRC Manuals: 5 February 2024

5 February 2024 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors

05 Feb 2024 00:00 | Published by a Tolley Corporation Tax expert

HMRC Stakeholder Digest - 30 January 2024

HMRC’s latest Digest (30 January 2024) provides short updates on various topics, including an enforcement notice on misleading repayment agent adverts and changes to paternity leave and pay from 8 March 2024.

31 Jan 2024 00:00 | Published by a Tolley Corporation Tax expert

Weekly Roundup HMRC Manuals: 29 January 2024

29 January 2024 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors

29 Jan 2024 00:00 | Published by a Tolley Corporation Tax expert

SI 2024/75 The National Minimum Wage (Amendment) Regulations 2024

These Regulations are made to amend the National Minimum Wage Regulations 2015,

26 Jan 2024 00:00 | Published by a Tolley Employment Tax expert

UKSC publishes Practice Note 22 January 2024

The UK Supreme Court (UKSC) has published a practice note issued by President of the Supreme Court and Chairman of the Judicial Committee, Lord Reed, on 22 January 2024, in respect of the UKSC and Judicial Committee of the Privy Council (JCPC). Lord Reed has noted that the UKSC and JCPC have made substantive changes in the UKSC and JCPC Practice Direction (PD) 3 on applications for permission to appeal; JCPC PD 4 on notice of appeal; UKSC and JCPC PD 6 on the appeal hearing; and UKSC and JCPC PD 7 on applications, documents, forms and order. These changes are effective from 22 January 2024.

26 Jan 2024 00:00 | Published by a Tolley Corporation Tax expert

SI 2024/71 The Designation of Special Tax Sites (Humber Freeport) Regulations 2024

These Regulations designate areas in Humber as freeport tax site with effect from 13 February 2024.

24 Jan 2024 00:00 | Published by a Tolley Corporation Tax expert

SI 2024/69 The Money Laundering and Terrorist Financing (High-Risk Countries) (Amendment) Regulations

These regulations amend regulation 33(3)(a) of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations, SI 2017/692 to redefine “High-Risk Third Countries†(“HRTCsâ€) as those countries identified by the Financial Action Task Force ("FATFâ€) in the lists the FATF publish from time to time, as “High-Risk Jurisdictions Subject to a Call for Action†and “Jurisdictions Under Increased Monitoringâ€.

23 Jan 2024 00:00 | Published by a Tolley Corporation Tax expert

Popular Articles

VAT on property disposals

VAT on property disposalsThis guidance note provides an overview of the VAT treatment of selling property that is located in the UK. The UK includes Great Britain, Northern Ireland and the territorial sea of the UK. The sale of any land or building located outside the UK is outside the scope of UK

14 Jul 2020 13:57 | Produced by Tolley Read more Read more

Loans written off

Loans written offCompanies sometimes provide directors, employees or shareholders with low interest or interest-free loans either as part of the reward package or on special occasions to help the individual meet significant expenditure. The employment income implications of these loans are discussed

14 Jul 2020 12:11 | Produced by Tolley Read more Read more

Research and development (R&D) relief ― overview

Research and development (R&D) relief ― overviewThis guidance note provides an overview of the research and development (R&D) tax reliefs for companies.See the Research and development tax relief summary diagram which summarises the R&D tax relief.See also Simon’s Taxes D1.401.For a factsheet which

14 Jul 2020 12:22 | Produced by Tolley in association with Will Sweeney Read more Read more