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Updated HMRC guidance on let property campaign

HMRC has updated its guidance on Let property campaign: your guide to making a disclosure.

07 Nov 2024 00:00 | Published by a Tolley Owner-Managed Businesses expert

SI 2024/ 1108 Economic Crime and Corporate Transparency Act 2023 (Commencement No 3) Regulations 2024

Certain provisions of the Economic Crime and Corporate Transparency Act 2023 (the Act) relating to civil recovery of cryptoassets in Scotland come into force on 7 November 2024 and the offence of failing to prevent fraud across the UK on 1 September 2025.

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

New HMRC guidance on furnished holiday lettings tax regime abolition

HMRC has published new guidance on the furnished holiday lettings tax regime abolition.

07 Nov 2024 00:00 | Published by a Tolley Owner-Managed Businesses expert

Change to updated HMRC guidance on basis period reform

HMRC has updated its guidance for partnerships on using the calculator to work out transition profit.

06 Nov 2024 00:00 | Published by a Tolley Owner-Managed Businesses expert

Updated HMRC guidance: Receive Income Tax or PAYE repayments on behalf of others

HMRC has updated its guidance on receiving income tax or PAYE repayments on behalf of others.

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

Updated HMRC guidance on basis period reform

HMRC has updated its guidance on working out basis period reform transition profit

04 Nov 2024 00:00 | Published by a Tolley Owner-Managed Businesses expert

HMRC Pension scheme newsletter 164: October 2024

HMRC has published its latest Pension scheme newsletter (October 2024).

04 Nov 2024 00:00 | Published by a Tolley Employment Tax expert

Weekly Roundup HMRC Manuals: 4 November 2024

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

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

New HMRC guidance on applying for statutory clearance

HMRC has published new guidance on applying for statutory clearance.

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

Autumn Budget 2024: summary of key tax announcements

The Chancellor’s Budget on 30 October 2024 will increase employer NICs, raise the main rates of CGT, initiate reform of the tax treatment of carried interest, and confirmed the replacement of the remittance basis regime and removal of the VAT exemption for private school fees. Some of the smaller announcements were of equal interest, including extending mandation of Making Tax Digital for Income Tax and increasing the HMRC late-payment interest rate.

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

Weekly Roundup HMRC Manuals: 28 October 2024

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

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

CIOT response: Tribunal Procedure Committee – Written Reasons Consultation

The CIOT has published its response to the Tribunal Procedure Committee consultation on possible changes to the procedure rules concerning the provision of written reasons for decisions and other case management measures.

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

Agent Update: issue 124

HMRC has published issue 124 of Agent Update.

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

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

Popular Articles

Gifts out of surplus income

Gifts out of surplus incomeA valuable exemption from inheritance tax (IHT) applies to gifts out of surplus income. This exemption applies only to lifetime gifts and is therefore a key part of lifetime planning. The exemption applies to both outright gifts and gifts into trust. Gifts which meet the

14 Jul 2020 11:48 | Produced by Tolley in association with Emma Haley at Boodle Hatfield LLP Read more Read more

Qualifying charitable donations

Qualifying charitable donationsCompanies can obtain corporation tax relief for qualifying payments or certain transfers of assets to charity under the qualifying charitable donations regime. Definition of qualifying charitable donationThe definition of ‘qualifying charitable donations’

14 Jul 2020 13:03 | Produced by Tolley Read more Read more

Capital allowances on cars

Capital allowances on carsSummary of capital allowances on carsThe current capital allowance rates applicable to cars are as follows:Pool typeDescription of carRateLegislationMain rate poolNew and unused cars with CO2 emissions of 50g/km and below 18%CAA 2001, s 104AASecondhand cars with CO2

14 Jul 2020 11:08 | Produced by Tolley Read more Read more