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HMRC has published Pensions schemes newsletter 161 for August 2024.

HMRC has updated its guidance on preparing for the Multinational Top-up Tax (MTT) and Domestic Top-up Tax (DTT).

HMRC is reducing the late-payment interest rate to 7.5% and the repayment rate to 4% from 20 August 2024 for most taxes and payments. Interest on quarterly instalment payments of corporation tax will also be reduced from 12 August.

In the ever-fast-moving world of tax announcements and developments, this news pulls together some of the key changes announced this week. Our commentary will be updated in due course to reflect these latest developments.

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

Details of updates to HMRC import, export and customs guidance for the period from 29 July 2024 to 5 August 2024.

HMRC has updated its guidance on how to make changes to VAT registration details.

HMRC has published new guidance on the reporting rules for operators of digital platforms.

HMRC has updated its MTD for income tax guidance to confirm how it will assess qualifying income for a tax year and qualifying income from jointly owned property.

HMRC has published a document outlining their ongoing engagement plans regarding the changes to the taxation of non-UK domiciled individuals.

The Government has published a new policy paper on its remit to the Low Pay Commission (LPC) outlining areas to consider when recommending the National Minimum Wage and National Living Wage.

HMRC has replaced and updated the existing form

HMRC has updated its guidance on publishing a large business tax strategy, what it should include and when to publish it.

HM Treasury has announced changes to the Energy (Oil and Gas) Profits Levy (EPL) to tax the extraordinary profits of oil and gas companies operating in the UK and on the UK Continental Shelf.

HMRC has published Employment Related Securities (ERS) Bulletin 56.

HMRC has published draft Finance Bill legislation on furnished holiday lettings, Pillar 2 and VAT for private schools.

Two sets of regulations have been issued to exempt certain compensation payments made to postmasters affected by the Horizon scandal from income tax, capital gains tax, corporation tax and Class 1 NICs, and to provide relief from inheritance tax.

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

Details of updates to HMRC import, export and customs guidance for the period from 22 July 2024 to 29 July 2024.

HMRC has updated its guidance on using the online service for agents to sign up a client voluntarily for Making Tax Digital for Income Tax.