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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.

Details of updates to HMRC import, export and customs guidance for the period from 8 to 14 October 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 Government have published the Employment Rights Bill which introduces a range of reforms to workers' rights across the UK.

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

SI 2024/1008: All provisions of the Seafarers’ Wages Act 2023 (SWA 2023) come into force on 1 December 2024.

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

HMRC have updated their guidance for employers on enterprise management incentives (EMIs).

HMRC have updated their guidance for employers on employment related securities.

These Regulations are made to introduce a higher rate of tax relief for low-budget films with a specified UK connection.

SI 2024/1015: These Regulations are made to give effect to the provisions of the Seafarers’ Wages Act 2023 (SWA 2023), which provides that operators of frequent international services which call at UK ports must either provide a declaration that seafarers on these services are remunerated at a rate equivalent to the minimum wage under the National Minimum Wage Act 1998 (NMWA 1998) or pay a surcharge. They set out the administrative detail of the regime, including how the required rate of pay, the national minimum wage equivalent rate (NMWe) is calculated and how and when harbour authorities and operators must fulfil their functions under the SWA 2023. They come into force on 1 December 2024.

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

Certain provision of the Finance (No 2) Act 2024 (F(N2)A 2024) comes into force on 30 October 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).

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

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

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

Details of updates to HMRC import, export and customs guidance for the period from 30 September to 7 October 2024.

The Home Office has published guidance on the information sharing measures

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