½Û×ÓÊÓÆµ

Tolley works hard to bring you the most up-to-date tax news straight to your inbox. In a dynamic industry it’s important to know when things change. With Tolley’s Tax News you can always be informed giving your clients the most comprehensive information available.

Latest Tax News

Filter icon Filter by tax area

Consultation: The Finance Act 2004 (Registered Pension Schemes and Annual Allowance Charge) Order 2024

HMRC has launched a technical consultation seeking views on draft regulations to make changes to the calculation of pension input in a legacy public service pension scheme against the Annual Allowance.

30 Jan 2024 00:00 | Published by a Tolley Employment Tax expert

Weekly Roundup HMRC Manuals: 29 January 2024

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

29 Jan 2024 00:00 | Published by a Tolley Corporation Tax expert

Government proposes amendments to Finance Bill 2024

The UK government has put forward amendments to Finance Bill 2024 provisions on R&D, the creative sector tax reliefs and the electricity generator levy, to be considered at Report Stage on 5 February 2024.

29 Jan 2024 00:00 | Published by a Tolley Corporation Tax expert

Tax news roundup: 29 January 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.

29 Jan 2024 00:00 | Published by a

Weekly roundup of HMRC import, export and customs guidance: 29 January 2024

Details of updates to HMRC import, export and customs guidance for the period from 22 January 2024 to 29 January 2024

29 Jan 2024 00:00 | Published by a

SI 2024/84 Income Tax (Indexation of Blind Person’s Allowance and Married Couple’s Allowance) Order 2024

°Õ³ó±ð °¿°ù»å±ð°ù ¾±²Ô³¦°ù±ð²¹²õ±ð²õ ³Ù³ó±ð ²ú±ô¾±²Ô»å ±è±ð°ù²õ´Ç²Ô’s ²¹±ô±ô´Ç·É²¹²Ô³¦±ð ²¹²Ô»å ³¾²¹°ù°ù¾±±ð»å ³¦´Ç³Ü±è±ô±ð’s ²¹±ô±ô´Ç·É²¹²Ô³¦±ð ´Ú´Ç°ù ³Ù³ó±ð 2024-25 ³Ù²¹³æ ²â±ð²¹°ù.

26 Jan 2024 00:00 | Published by a Tolley Employment Tax expert

Consultation - Calculating PAYE liabilities in cases of non-compliance for off-payroll working (IR35)

Legislation has been included in Finance Bill 2024, clause 17 to give HMRC the power to make regulations to address the over-collection of tax in cases of non-compliance with the off-payroll working (IR35) rules. HMRC has now published draft regulations for consultation.

26 Jan 2024 00:00 | Published by a Tolley Employment Tax expert

SI 2024/76 Income Tax (Accommodation Allowances of Armed Forces) Regulations 2024

These Regulations specify the conditions that must be met in order for a payment to fall within the definition of an ‘accommodation allowance’ for the purposes of

26 Jan 2024 00:00 | Published by a Tolley Employment Tax expert

SI 2024/75 The National Minimum Wage (Amendment) Regulations 2024

These Regulations are made to amend the National Minimum Wage Regulations 2015,

26 Jan 2024 00:00 | Published by a Tolley Employment Tax expert

Updated VAT Notice 700/2: Group and divisional registration

HMRC has updated Notice 700/2 on VAT groups with changes relating to late payment and submission penalties and the group application process.

26 Jan 2024 00:00 | Published by a Tolley Value Added Tax expert

UKSC publishes Practice Note 22 January 2024

The UK Supreme Court (UKSC) has published a practice note issued by President of the Supreme Court and Chairman of the Judicial Committee, Lord Reed, on 22 January 2024, in respect of the UKSC and Judicial Committee of the Privy Council (JCPC). Lord Reed has noted that the UKSC and JCPC have made substantive changes in the UKSC and JCPC Practice Direction (PD) 3 on applications for permission to appeal; JCPC PD 4 on notice of appeal; UKSC and JCPC PD 6 on the appeal hearing; and UKSC and JCPC PD 7 on applications, documents, forms and order. These changes are effective from 22 January 2024.

26 Jan 2024 00:00 | Published by a Tolley Corporation Tax expert

Pension schemes newsletter 155 ― January 2024

HMRC has published pension schemes newsletter 155.

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

HMRC guidance: when to appeal a late filing or late payment penalty

HMRC has published new guidance on when and how to appeal against a penalty for late filing or late payments.

24 Jan 2024 00:00 | Published by a Tolley Personal Tax expert

SI 2024/71 The Designation of Special Tax Sites (Humber Freeport) Regulations 2024

These Regulations designate areas in Humber as freeport tax site with effect from 13 February 2024.

24 Jan 2024 00:00 | Published by a Tolley Corporation Tax expert

OECD publishes public comments on the OECD Model Tax Convention

The OECD has published the comments received from the public on the proposed changes to the Commentary on Article 5 of the OECD Model Tax Convention and its application to extractible natural resources.

23 Jan 2024 00:00 | Published by a Tolley Corporation Tax expert

HMRC updated guidance: Claiming museums and galleries exhibition tax relief for corporation tax

HMRC has updated its guidance on claiming museums and galleries exhibition tax relief for corporation tax to reflect the changes being introduced in Finance Bill 2024 from 1 April 2024.

23 Jan 2024 00:00 | Published by a Tolley Corporation Tax expert

SI 2024/69 The Money Laundering and Terrorist Financing (High-Risk Countries) (Amendment) Regulations

These regulations amend regulation 33(3)(a) of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations, SI 2017/692 to redefine “High-Risk Third Countries†(“HRTCsâ€) as those countries identified by the Financial Action Task Force ("FATFâ€) in the lists the FATF publish from time to time, as “High-Risk Jurisdictions Subject to a Call for Action†and “Jurisdictions Under Increased Monitoringâ€.

23 Jan 2024 00:00 | Published by a Tolley Corporation Tax expert

Updated VAT notice 700/56: Insolvency

HMRC has updated its VAT notice 700/56 with various sections on insolvency.

23 Jan 2024 00:00 | Published by a Tolley Value Added Tax expert

HMRC guidance: claiming audio-visual expenditure credits for corporation tax

HMRC has published new guidance on the video games and audio-visual expenditure credits for Corporation Tax.

22 Jan 2024 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC import, export and customs guidance: 22 January 2024

Details of updates to HMRC import, export and customs guidance for the period from 16 January 2024 to 22 January 2024.

22 Jan 2024 00:00 | Published by a

Popular Articles

Special rate pool and long life assets

Special rate pool and long life assetsSpecial rate poolExpenditure on some types of plant or machinery must, if neither annual investment allowance (AIA) nor first year allowances (FYAs) are available, be allocated to a ‘special rate pool’. Expenditure to be allocated to the special rate pool

14 Jul 2020 13:41 | Produced by Tolley Read more Read more

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

UK VAT invoice requirements

UK VAT invoice requirementsThis guidance note provides details of the information that must be shown on a valid tax invoice. Businesses supplying goods and services that are liable to the standard or reduced rate of VAT are required to issue a tax invoice to another VAT registered person.If the

14 Jul 2020 13:46 | Produced by Tolley Read more Read more