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Latest Personal Tax News

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Pensions schemes newsletter 163—October 2024

HMRC has published Pensions schemes newsletter 163 for October 2024.

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

New HMRC guidance for taxpayers on rental income

HMRC has published new guidance for taxpayers on how to check if they need to tell HMRC about rental income, including a tool.

25 Oct 2024 00:00 | Published by a Tolley Owner-Managed Businesses expert

Weekly Roundup HMRC Manuals: 21 October 2024

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

21 Oct 2024 00:00 | Published by a Tolley Corporation Tax expert

SI 2024/1048 The Social Security (Scotland) Act 2018 (Disability Assistance) (Consequential Modifications) Order 2024

These regulations make consequential amendments to legislation in Great Britain and Northern Ireland to reflect the introduction of Pension Age Disability Payment (PADP) which will replace Attendance Allowance (AA) in Scotland.

21 Oct 2024 00:00 | Published by a Tolley Trusts and Inheritance Tax expert

HMRC issue briefing: Evidence required to claim PAYE (P87) employment expenses

HMRC has updated its recent briefing that sets out the new process for claiming PAYE employment expenses that came into effect on 14 October 2024.

17 Oct 2024 00:00 | Published by a Tolley Employment Tax expert

Making tax digital for income tax: new interactive tool

HMRC have launched a new interactive Making Tax Digital for income tax (MTD ITSA) tool.

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

SI 2024/1026 The Budget Responsibility Act 2024 (Commencement) Regulations 2024

These regulations bring section 1 of the Budget Responsibility Act into force.

15 Oct 2024 00:00 | Published by a Tolley Corporation Tax expert

Updated ISA and CTF regulations

The Individual Savings Account (Amendment) (No 2) Regulations 2024 (SI 2024/1022) and the Child Trust Funds (Amendment) (No 2) Regulations 2024 (SI 2024/1023) allow fractional interests in an ISA and CTF.

15 Oct 2024 00:00 | Published by a Tolley Personal Tax expert

Weekly Roundup HMRC Manuals: 14 October 2024

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

14 Oct 2024 00:00 | Published by a Tolley Corporation Tax expert

Updated P87 guidance on claiming employment expenses

HMRC has updated its P87 guidance notes regarding claims for employment expenses.

14 Oct 2024 00:00 | Published by a Tolley Employment Tax expert

CIOT reports on HMRC’s response to concerns regarding filing of tax returns from LITRG

CIOT has reported that HMRC will accept printed tax return forms from their site as the 31 October 2024 paper self-assessment deadline approaches.

10 Oct 2024 00:00 | Published by a Tolley Owner-Managed Businesses expert

SI 2024/1012 The Pensions (Abolition of Lifetime Allowance Charge etc) (No. 2) Regulations 2024

These Regulations are made to amend and modify primary and secondary legislation to make further consequential provisions in connection with the removal of the lifetime allowance and the lifetime allowance charge by the Finance (No 2) Act 2023 (F(No2)A 2023) and the Finance Act 2024 (FA 2024).

10 Oct 2024 00:00 | Published by a Tolley Employment Tax expert

HMRC reveals top 5 calls to helpline

HMRC reveals top 5 calls to helpline as it encourages taxpayers to use online guidance.

09 Oct 2024 00:00 | Published by a Tolley Owner-Managed Businesses expert

Updated guidance on Making Tax Digital

HMRC have updated their guidance collection ‘Use Making Tax Digital for Income Tax’.

09 Oct 2024 00:00 | Published by a Tolley Owner-Managed Businesses expert

HMRC briefing: Evidence to claim PAYE employment expenses

HMRC has published details of a new process for claiming PAYE employment expenses that come into effect on 14 October.

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

Home Office publishes guidance on Economic Crime and Corporate Transparency Act

The Home Office has published guidance on the information sharing measures

07 Oct 2024 00:00 | Published by a Tolley Corporation Tax expert

Weekly Roundup HMRC Manuals: 7 October 2024

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

07 Oct 2024 00:00 | Published by a Tolley Corporation Tax expert

Updated guidance on higher rates of Welsh Land Transaction Tax

The Welsh Government has updated its guidance on higher rates of Welsh Land Transaction Tax.

04 Oct 2024 00:00 | Published by a Tolley Personal Tax expert

Changes to the Agent Dedicated Line

The CIOT and ATT have advised that HMRC has published an update on changes to the Agent Dedicated Line (ADL) service from 7 October 2024.

04 Oct 2024 00:00 | Published by a Tolley Corporation Tax expert

Tax Treaties: Luxembourg

HMRC has updated the tax treaties page for Luxembourg.

04 Oct 2024 00:00 | Published by a Tolley Corporation Tax expert

Popular Articles

Tax on UK resident beneficiaries of non-resident trusts ― overview

Tax on UK resident beneficiaries of non-resident trusts ― overviewIntroductionUK resident beneficiaries of non-resident trusts are subject to UK tax on payments or benefits received from the trust. They are liable for income tax on income distributions from the trust and they may also be liable to

14 Jul 2020 13:47 | Produced by Tolley Read more Read more

Indexation allowance and rebasing

Indexation allowance and rebasingThis guidance note explains the general rules surrounding the availability of indexation allowance (which was frozen at December 2017) on the disposal of company assets and provides information on the rebasing rules for assets held on 31 March 1982. For an overview

14 Jul 2020 11:59 | Produced by Tolley in association with Jackie Barker of Wells Associates Read more Read more

VAT registration ― change of VAT registration details

VAT registration ― change of VAT registration detailsVAT registered persons must keep their VAT registration details up to date and notify HMRC of any changes. Failure to notify HMRC by the relevant time could result in a penalty. For guidance regarding penalties for failure to notify please see the

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