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These Regulations are made to support the government’s introduction of the Reserved Investor Fund (RIF). The Reserved Investor Fund will be a new type of UK-based investment fund vehicle legally structured as an unauthorised co-ownership alternative investment fund (AIF).

These Regulations are made to amend the Income Tax (Earnings and Pensions) Act 2003 (ITEPA 2003) to insert a new row into Part 1 of Table B, in order to wholly exempt Scottish Adult Disability Living Allowance from income tax.

Guidance on working out qualifying income for Making Tax Digital for Income Tax has been updated.

These Regulations are made to amend 29 pieces of UK secondary legislation in consequence of the Neonatal Care (Leave and Pay) Act 2023, which makes provision for entitlements, leave and pay for employees with responsibility for children receiving neonatal care.

These Regulations implement a new statutory entitlement to Neonatal Care Leave and Pay for employed parents if their child receives neonatal care starting within 28 days of birth and goes on to spend seven or more continuous days in care and provide employed parents with up to twelve weeks of paid leave. Together, the package will ensure that parents who are employees will be supported to take time away from work to care for their child who is receiving or has received Neonatal Care.

These Regulations deal with the entitlement to Neonatal Care Pay for employees who fall into particular categories of employment, for example: mariners, those employed in certain types of employment on the continental shelf, and those who have spent time working abroad, including in European Economic Area (EEA) states, who might otherwise not qualify for the entitlement.

The Scottish Parliament has approved the Scottish Government’s 2025-26 Budget.

The UK government has put forward 66 amendments to Finance Bill 2025 to be considered at Report Stage on 3 March 2025.

These Regulations are made to set out tax rules for a new type of investment fund, the Reserved Investor Fund (Contractual Scheme) (RIF), and its investors. In addition, they make minor changes to the tax rules for Co-ownership Authorised Contractual Schemes (CoACS), a similar type of investment fund.

The OECD has published a consolidated report which incorporates the agreed materials on Amount B that have been released by the Inclusive Framework from February 2024 up until December 2024.

Details of updates to HMRC import, export and customs guidance for the period from 17 to 24 February 2025.

The 2025 UK-Andorra Double Taxation Convention was signed in London on 20 February 2025.

HMRC has published revised advisory fuel rates for company cars which apply from 1 March 2025.

24 February 2025 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our

HMRC has updated its detailed tax guidance for charities. Chapter 6 on claims and returns has been updated and Chapter 1 and Annex v have been withdrawn.

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.

HMRC has updated its pages on creative industry tax reliefs to add guidance on checking if a production qualifies for relief and to confirm that from April 2025 the CT600P creative industries supplementary page must be included with a return.

HMRC has published Issue 128 of the Agent Update which includes updates and reminders on MTD for income tax, employers NIC changes and filing of returns without an overlap relief figure.

The CIOT have issued a response to HMRC’s call for evidence on Personal Tax: Offshore Anti-Avoidance legislation.

The Cabinet Secretary for Finance and Welsh Language has tabled the Welsh Government’s Final Budget for 2025-26.