UUÂãÁÄÖ±²¥

Tolley works hard to bring you the most up-to-date tax news straight to your inbox. In a dynamic industry it’s important to know when things change. With Tolley’s Tax News you can always be informed giving your clients the most comprehensive information available.

Latest Personal Tax News

Filter icon Filter by tax area

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

Updated pension schemes newsletter 155 ― January 2024

HMRC has updated its recently published pension schemes newsletter.

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

SI 2024/121 The Statutory Paternity Pay (Amendment) Regulations 2024

These Regulations provide greater flexibility for recipients of statutory paternity pay. They are part of a package of legislative changes to statutory rights to paternity leave and pay.

06 Feb 2024 00:00 | Published by a Tolley Employment 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

Updated HMRC Guidance – Apply to pay voluntary National Insurance contributions when abroad (CF83)

Information has been added on paying voluntary National Insurance contributions if an individual has lived or paid social security contributions in an EU country, Iceland, Liechtenstein, Norway, Switzerland or Turkey.

01 Feb 2024 00:00 | Published by a Tolley Employment 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

Consultation: The Finance Act 2004 (Registered Pension Schemes and Annual Allowance Charge) Order 2024

HMRC has launched a technical consultation seeking views on draft regulations to make changes to the calculation of pension input in a legacy public service pension scheme against the Annual Allowance.

30 Jan 2024 00:00 | Published by a Tolley Employment 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 2024/84 Income Tax (Indexation of Blind Person’s Allowance and Married Couple’s Allowance) Order 2024

°Õ³ó±ð °¿°ù»å±ð°ù ¾±²Ô³¦°ù±ð²¹²õ±ð²õ ³Ù³ó±ð ²ú±ô¾±²Ô»å ±è±ð°ù²õ´Ç²Ô’s ²¹±ô±ô´Ç·É²¹²Ô³¦±ð ²¹²Ô»å ³¾²¹°ù°ù¾±±ð»å ³¦´Ç³Ü±è±ô±ð’s ²¹±ô±ô´Ç·É²¹²Ô³¦±ð ´Ú´Ç°ù ³Ù³ó±ð 2024-25 ³Ù²¹³æ ²â±ð²¹°ù.

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

SI 2024/76 Income Tax (Accommodation Allowances of Armed Forces) Regulations 2024

These Regulations specify the conditions that must be met in order for a payment to fall within the definition of an ‘accommodation allowance’ for the purposes of

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

Pension schemes newsletter 155 ― January 2024

HMRC has published pension schemes newsletter 155.

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

HMRC guidance: when to appeal a late filing or late payment penalty

HMRC has published new guidance on when and how to appeal against a penalty for late filing or late payments.

24 Jan 2024 00:00 | Published by a Tolley Personal 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

Weekly Roundup HMRC Manuals: 22 January 2024

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

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

Agent update: issue 116

HMRC has published Agent Update issue 116 (17 January 2024) providing a round-up of recent developments and changes to legislation and allowances relating to UK tax for tax agents and advisers.

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

National Insurance and Social Security: workers moving between the UK and EU, Gibraltar, Iceland, Liechtenstein, Norway, or Switzerland

HMRC has updated its guidance on National Insurance and social security contributions for workers moving between the UK and EU, Gibraltar, Iceland, Liechtenstein, Norway, or Switzerland.

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

Consultation: Tax Simplification for Alternative Finance

The government is consulting on proposals to reform the tax treatment of alternative refinancing arrangements.

17 Jan 2024 00:00 | Published by a Tolley Personal Tax expert

Popular Articles

SEIS and EIS ― overview

SEIS and EIS ― overviewThe seed enterprise investment scheme (SEIS) and enterprise investment scheme (EIS) are very similar schemes which offer substantial tax incentives to investors in companies which qualify. The tax incentives for SEIS and EIS investments are intended to encourage investment in

14 Jul 2020 13:31 | Produced by Tolley Read more Read more

Substantial shareholding exemption ― overview

Substantial shareholding exemption ― overviewThe substantial shareholdings exemption (SSE) provides a complete exemption from the liability to corporation tax on the gains generated from qualifying disposals of shares and interests in shares by qualifying companies. No claim is required. Provided

14 Jul 2020 13:44 | Produced by Tolley Read more Read more

Entity classification

Entity classificationImplications of entity classificationIf a subsidiary is established, it is important to determine how it will be treated for UK tax purposes as this will determine the basis on which it is taxed. A subsidiary may either be transparent (like a partnership, where the individual

14 Jul 2020 11:37 | Produced by Tolley Read more Read more