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CIOT response: Invest in tracking system to improve HMRC effectiveness

The CIOT has welcomed the confirmation of additional resources for HMRC in the Government’s Spending Review and has set out a number of ways the money could be spent effectively to improve HMRC’s efficiency and deliver better service to taxpayers and agents.

12 Jun 2025 00:00 | Published by a Tolley Corporation Tax expert

Tax Policy Making Principles

HM Treasury has published a policy paper setting out the principles that will guide how the Government designs and delivers tax policy changes.

12 Jun 2025 00:00 | Published by a Tolley Corporation Tax expert

Peru deposits its instrument of ratification of the Multilateral BEPS Convention

Peru has deposited its instrument of ratification for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (BEPS Convention).

12 Jun 2025 00:00 | Published by a

First-tier Tribunal (Tax Chamber) updated guidance – oral evidence from abroad

The FTT has updated its guidance on oral evidence from abroad.

11 Jun 2025 00:00 | Published by a Tolley Corporation Tax expert

Capital allowances: areas of uncertainty – update for stakeholders

HMRC has provided an update to the CIOT on the guidance relating to capital allowances and the areas of uncertainty identified by stakeholders. The update outlines the revisions made to the existing guidance and the areas that remain under review.

11 Jun 2025 00:00 | Published by a Tolley Corporation Tax expert

Tax news roundup: 9 June 2025

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.

09 Jun 2025 00:00 | Published by a

Weekly Roundup HMRC Manuals: 9 June 2025

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

09 Jun 2025 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC import, export and customs guidance: 9 June 2025

Details of updates to HMRC import, export and customs guidance for the period from 3 to 9 June 2025.

09 Jun 2025 00:00 | Published by a

CIOT response: Independent Loan Charge Review 2025

The CIOT has published its response to the Independent Loan Charge Review 2025. The joint response with the Low Incomes Tax Reform Group focuses on specific questions raised in the call for evidence and details barriers faced by lower-paid agency workers in resolving their loan charge liabilities.

09 Jun 2025 00:00 | Published by a Tolley Employment Tax expert

Call for evidence on the tax treatment of carried interest – Government response and policy update

HM Treasury has published a Government response and policy update regarding the tax treatment of carried interest following a call for evidence. This update details the implementation of a revised tax regime, which will bring all carried interest within the income tax framework from April 2026.

06 Jun 2025 00:00 | Published by a Tolley Personal Tax expert

ATT Technical FAQs for Making Tax Digital

The ATT has published a new set of Technical Frequently Asked Questions (FAQs) for Making Tax Digital (MTD).

04 Jun 2025 00:00 | Published by a Tolley Owner-Managed Businesses expert

New guidance on unauthorised access of HMRC online accounts

HMRC has issued guidance on what taxpayers need to do if HMRC contacts them about unauthorised access to their online account.

04 Jun 2025 00:00 | Published by a Tolley Personal Tax expert

OECD Releases Consolidated Common Reporting Standard

The OECD has expanded the scope of the Common Reporting Standard to include specific electronic money products and central bank digital currencies, and indirect investments in cryptoassets.

03 Jun 2025 00:00 | Published by a Tolley Corporation Tax expert

Tax news roundup: 2 June 2025

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.

02 Jun 2025 00:00 | Published by a

Weekly roundup of HMRC import, export and customs guidance: 2 June 2025

Details of updates to HMRC import, export and customs guidance for the period from 28 May to 2 June 2025.

02 Jun 2025 00:00 | Published by a

Weekly Roundup HMRC Manuals: 2 June 2025

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

02 Jun 2025 00:00 | Published by a Tolley Corporation Tax expert

Pensions schemes newsletter 170 — May 2025

HMRC’s latest newsletter discusses the new UK residence requirement for administrators of UK registered pension schemes, several lifetime allowance points, and the more efficient processing of relief at source claims.

30 May 2025 00:00 | Published by a Tolley Employment Tax expert

Tax news roundup: 27 May 2025

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.

27 May 2025 00:00 | Published by a

Weekly roundup of HMRC import, export and customs guidance: 27 May 2025

Details of updates to HMRC import, export and customs guidance for the period from 19 to 27 May 2025

27 May 2025 00:00 | Published by a

Weekly Roundup HMRC Manuals: 27 May 2025

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

27 May 2025 00:00 | Published by a Tolley Corporation Tax expert

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Company cars

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14 Jul 2020 11:15 | Produced by Tolley Read more Read more

Non-trading deficits on loan relationships

Non-trading deficits on loan relationshipsOverview of non-trading deficits (NTDs)When a company’s debits on its non-trading loan relationships and derivative contracts in an accounting period exceed the credits on its non-trading loan relationships and derivative contracts in the same period (the

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Temporary differences

Temporary differencesCalculation of temporary differencesThe temporary difference arising in respect of an asset or liability is calculated by comparing the carrying value of that asset or liability with its tax base.IAS 12 uses the concept of taxable or deductible temporary differences. Whether a

14 Jul 2020 13:49 | Produced by Tolley in association with Malcolm Greenbaum Read more Read more