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Jersey is consulting on the Crypto-Asset Reporting Framework (CARF) Regulations and changes to the CRS and FATCA Regulations.

The CIOT has published its response to the legislative changes to the Employee Ownership Trusts (EOTs) which took effect from 30 October 2024. The changes are in Finance Bill 2025 clause 31 and Schedule 6.

HMRC has published updated advisory fuel rates for company cars, effective from 1 December 2024.

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.

25 November 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 19 to 25 November 2024.

HMRC has published Spotlight 67, providing comprehensive guidance on Managed Service Companies (MSCs) and MSC Providers, including how to identify them and their role in tax avoidance schemes.

HMRC has published issue 125 of Agent Update.

HMRC has published details of the online service to use when replacing the filing member for an existing Pillar 2 top-up taxes account.

HMRC is reducing the late-payment interest rate to 7.25% and the repayment rate to 3.75% from 26 November 2024 for most taxes and payments. Interest on quarterly instalment payments of corporation tax will also be reduced from 18 November.

These Regulations are made to amend the Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 (the LTTA 2017) to insert a new Schedule 21A (relief for special tax sites) which provides for a new relief from land transaction tax for qualifying transactions of land within a special tax site.

HMRC has published new guidance on paying Pillar 2 top-up taxes

These Regulations outline the methodology for calculating the average prices of oil and gas over a reference period, which will determine if the conditions for the early termination of the Energy Profits Levy (the Energy Security Investment Mechanism) under Section 17A(1) of the Energy (Oil and Gas) Profits Levy Act 2022 (the 2022 Act) have been met.

The newsletter has been updated to remove information about a correction of the availability of an individual’s overseas transfer charge

HMRC has updated it guidance on VAT for private schools to add information on supplying special educational needs and disabilities (SEND) therapies and education.

Details of updates to HMRC import, export and customs guidance for the period from 12 to 18 November 2024.

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.

The Aggregates Tax and Devolved Taxes Administration (Scotland) Act 2024 has received Royal Assent.

This report sets out recent developments in international tax reform and covers progress made on the implementation of the BEPS minimum standards and tax transparency, as well as updates on tax policy, tax and inequality and tax administration.

SI 2024/1167: Amendments are made to the Finance Act 2004 (FA 2004), the Taxation of Pension Schemes (Transitional Provisions) Order 2006, SI 2006/572, and the Registered Pension Schemes (Authorised Payments) Regulations 2009, SI 2009/1171 to make further consequential provision in connection with the removal of the lifetime allowance and the lifetime allowance charge by the Finance (No 2) Act 2023 and the FA 2004. They come into force on 18 November 2024. (Updated from draft on 18 November 2024.)