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SI 2024/182 The Post Office and Victims of Overseas Terrorism Compensation Scheme (Tax Exemptions and Relief) Regulations 2024

These Regulations provide for exemptions from income tax and capital gains tax (CGT) for payments made under three compensation schemes.

23 Feb 2024 00:00 | Published by a Tolley Trusts and Inheritance Tax expert

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

The CIOT has responded to HMRC’s consultation on calculating PAYE liabilities in cases of non-compliance for off-payroll working (IR35)

23 Feb 2024 00:00 | Published by a Tolley Employment Tax expert

Company cars: advisory fuel rates from 1 March 2024

HMRC has published revised advisory fuel rates for company cars which apply from 1 March 2024.

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

HMRC Stakeholder Digest - 22 February 2024

HMRC’s latest Digest (22 February 2024) provides short updates on various topics, including changes to the R40 repayment claim form, P87 form, changes to reporting income from self-employment and partnership.

23 Feb 2024 00:00 | Published by a Tolley Employment Tax expert

SI 2024/167 The Income Tax (Digital Requirements) (Amendment) Regulations 2024

These Regulations amend SI 2021/1076 which provide for persons with income from a trade, profession or vocation, or income from a property business, which are chargeable to income tax and exceed a threshold amount to follow the rules for MTD for Income Tax from 6 April 2024.

23 Feb 2024 00:00 | Published by a Tolley Personal Tax expert

Finance Act 2024 received Royal Assent on 22 February 2024

Royal Assent to the Finance Act was notified in the House of Lords on 22 February 2024

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

SSI 2024/60 The Scottish Landfill Tax (Standard Rate and Lower Rate) Order 2024

This Order specifies the standard rate and lower rate for Scottish landfill tax for disposals on or after 1 April 2024.

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

SI 2024/176 The Tax Credits (Miscellaneous Amendments) Regulations 2024

These Regulations amend several statutory instruments in relation to tax credits and child benefit.

22 Feb 2024 00:00 | Published by a Tolley Employment Tax expert

EU member states update non-cooperative tax jurisdiction list

The European Union (EU) member states have updated the EU list of non-cooperative tax jurisdictions for tax purposes (Annex I) by removing four jurisdictions - The Bahamas, Belize, Seychelles, and Turks and Caicos Islands

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

Agent update: issue 117

HMRC has published Agent Update issue 117 (21 February 2024) providing a round-up of recent developments and changes to legislation and allowances relating to UK tax for tax agents and advisers.

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

OECD: Release of report on Amount B of Pillar One

The OECD/G20 Inclusive Framework on BEPS has published a progress report on Amount B of Pillar One.

20 Feb 2024 00:00 | Published by a Tolley Corporation Tax expert

New HMRC guidance on VAT Import One Stop Shop scheme

HMRC has published various new guidance pages on the VAT Import One Stop Shop (IOSS) scheme.

20 Feb 2024 00:00 | Published by a Tolley Value Added Tax expert

HMRC's further update on Double Cab Pick Up guidance

HMRC has further updated its guidance on the tax treatment of Double Cab Pick Ups.

20 Feb 2024 00:00 | Published by a Tolley Employment Tax expert

New HMRC guidance: Work out your transition profit

HMRC has published new guidance on how to work out transition profit for the 2023/24 tax year for taxpayers affected by the new tax year basis (Basis Period Reform).

20 Feb 2024 00:00 | Published by a Tolley Owner-Managed Businesses expert

Weekly roundup of HMRC import, export and customs guidance: 19 February 2024

Details of updates to HMRC import, export and customs guidance for the period from 12 February 2024 to 19 February 2024.

19 Feb 2024 00:00 | Published by a

Tax news roundup: 19 February 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.

19 Feb 2024 00:00 | Published by a

Weekly Roundup HMRC Manuals: 19 February 2024

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

19 Feb 2024 00:00 | Published by a Tolley Corporation Tax expert

Consultation outcome: Simplifying and modernising HMRC's Income Tax services through the tax administration framework

HMRC has published responses to its consultation on simplifying and modernising HMRC's Income Tax services through the tax administration framework.

16 Feb 2024 00:00 | Published by a Tolley Personal Tax expert

Call for evidence: The Tax Administration Framework Review: enquiry and assessment powers, penalties, safeguards

HMRC has launched a consultation to welcome views on how a range of topics relating to HMRC’s enquiry and assessment powers, penalties, and safeguards could be reformed.

16 Feb 2024 00:00 | Published by a Tolley Corporation Tax expert

Updated Employer Bulletin: February 2024

HMRC has updated its bi-monthly magazine for employers and agents that gives up-to-date information on payroll topics.

16 Feb 2024 00:00 | Published by a Tolley Employment Tax expert

Popular Articles

Premiums on the grant or surrender of a lease

Premiums on the grant or surrender of a leasePremiums on the grant of a lease ― outlineWhen a property investor grants a lease, potentially this could be done on the basis that the tenant pays a premium for the initial grant of the lease, in addition to also paying rent over the term of the lease.

14 Jul 2020 12:58 | Produced by Tolley in association with Rob Durrant-Walker of Crane Dale Tax, part of AMS Group Read more Read more

Sales, advertising and marketing

Sales, advertising and marketingExpenditure on sales, advertising and marketing activities may include amounts which are disallowable for the purposes of calculating trading profits. This may be because the expenditure is:•capital in nature (see the Capital vs revenue expenditure guidance note)•not

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Payroll record keeping

Payroll record keepingUnder SI 2003/2682, reg 97, “...an employer must keep, for not less than 3 years after the end of the tax year to which they relate, all PAYE records which are not required to be sent to [HMRC]...”. Reasons for keeping the records include:•being able to calculate tax and

14 Jul 2020 12:52 | Produced by Tolley in association with Ian Holloway Read more Read more