³ÉÈËÓ°Òô

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

SI 2025/152 Landfill Disposals Tax (Tax Rates) (Wales) (Amendment) Regulations 2025

These Regulations are made to prescribe the standard rate, lower rate and unauthorised disposals rate for landfill disposals tax chargeable on taxable disposals (within the meaning of Part 2 of the Landfill Disposals Tax (Wales) Act 2017) made on or after 1 April 2025

14 Feb 2025 00:00 | Published by a Tolley Corporation Tax expert

Updated HMRC NIC guidance CF83

The guidance on applying to pay voluntary NIC when abroad has been updated to remove the requirements to apply by post.

13 Feb 2025 00:00 | Published by a Tolley Employment Tax expert

New HMRC issue briefing: operational activity during the new independent review of the loan charge

HMRC has issued a briefing explaining its operational activity during the new independent review of the loan charge.

13 Feb 2025 00:00 | Published by a Tolley Employment Tax expert

Employer Bulletin: February 2025

HMRC has published the February 2025 issue of the Employer Bulletin, providing important updates and information relevant to employers and agents.

13 Feb 2025 00:00 | Published by a Tolley Employment Tax expert

New HMRC policy paper on mandating postcode provision for NIC relief for freeports and investment zones

HMRC has issued a policy paper on employers operating in a designated special tax site in a freeport or investment zone being required to provide their employee’s workplace if they are claiming the secondary Class 1 NIC relief through their payroll.

13 Feb 2025 00:00 | Published by a Tolley Employment Tax expert

SI 2025/144 Social Security (Contributions) (Amendment) Regulations 2025

These Regulations are made to amend the Social Security (Contributions) Regulations 2001, SI 2001/1004 to add a requirement for employers who are claiming the zero rate of secondary Class 1 (employer) National Insurance contributions in respect of employees who work in special tax sites in freeports or investment zones in Great Britain, to include the postcode for the address at which the employee works in their Full Payment Submission.

12 Feb 2025 00:00 | Published by a Tolley Employment Tax expert

Changes to size thresholds for off payroll working

In response to a request from ICAEW, HMRC has confirmed that changes to the company size thresholds in the

11 Feb 2025 00:00 | Published by a Tolley Employment Tax expert

HMRC cuts late-payment and repayment interest rates

HMRC is reducing the late-payment interest rate to 7.00% and the repayment rate to 3.50% from 25 February 2025 for most taxes and payments. Interest on quarterly instalment payments of corporation tax will also be reduced from 17 February.

11 Feb 2025 00:00 | Published by a Tolley Corporation Tax expert

Weekly Roundup HMRC Manuals: 10 February 2025

10 February 2025 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors

10 Feb 2025 00:00 | Published by a Tolley Corporation Tax expert

Tax news roundup: 10 February 2025

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.

10 Feb 2025 00:00 | Published by a

Weekly roundup of HMRC import, export and customs guidance: 10 February 2025

Details of updates to HMRC import, export and customs guidance for the period from 3 to 10 February 2025.

10 Feb 2025 00:00 | Published by a

Updated bonus rates for Save As You Earn share option schemes

The bonus rates for Save As You Earn (SAYE) share option schemes have been reduced with effect from 21 February 2025.

07 Feb 2025 00:00 | Published by a Tolley Employment Tax expert

Updated HMRC guidance for tax repayment agents

HMRC guidance on receiving income tax or PAYE repayments on behalf of others has been updated regarding advance electronic signatures.

06 Feb 2025 00:00 | Published by a Tolley Employment Tax expert

SI 2025/119 The Land Transaction Tax (Modification of Relief for Acquisitions Involving Multiple Dwellings) (Wales) Regulations 2025

These Regulations are made to amend the Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 (LTTA 2017) to amend Schedule 13 (relief for acquisitions involving multiple dwellings) which provides a relief from land transaction tax in relation to acquisitions involving multiple dwellings.

06 Feb 2025 00:00 | Published by a Tolley Corporation Tax expert

SI 2025/111 The Designation of Special Tax Sites (East Midlands Investment Zone) Regulations 2025

These Regulations are made to designate areas, known as ‘special tax sites’, as special areas for the purposes of Parts 2 (plant and machinery allowances) and 2A (structures and buildings allowances) of the Capital Allowances Act 2001 and Part 4 (stamp duty land tax) of the Finance Act 2003.

06 Feb 2025 00:00 | Published by a Tolley Corporation Tax expert

OECD latest peer review results on preferential tax regimes under BEPS Action 5

The OECD has published the latest peer review results on preferential tax regimes under BEPS Action 5.

06 Feb 2025 00:00 | Published by a

‘In year’ 2024/25 Trust and Estate returns

HMRC has published details on the filing of in-year returns for trusts and estates for the 2024-25 tax year.

05 Feb 2025 00:00 | Published by a Tolley Trusts and Inheritance Tax expert

UK suspends Russia and Belarus Double Tax Treaties

The UK is suspending the Russia and Belarus Double Tax Treaties from April 2025.

04 Feb 2025 00:00 | Published by a Tolley Corporation Tax expert

Updated HMRC guidance on Making Tax Digital

HMRC has updated ‘Find out if and when you need to use Making Tax Digital for Income Tax’ to confirm various points.

04 Feb 2025 00:00 | Published by a Tolley Owner-Managed Businesses expert

Weekly roundup of HMRC import, export and customs guidance: 3 February 2025

Details of updates to HMRC import, export and customs guidance for the period from 28 January to 3 February 2025.

03 Feb 2025 00:00 | Published by a

Popular Articles

Associated companies ― from 1 April 2023

Associated companies ― from 1 April 2023Implications of associated companiesFrom 1 April 2023, the rate of corporation tax that a company is subject to depends on the level of its augmented profits. The rate of tax is based on a comparison of the company’s augmented profits against the corporation

22 Mar 2021 10:21 | Produced by Tolley Read more Read more

Relief for employee share schemes

Relief for employee share schemesRemuneration expenses are generally deductible for corporation tax purposes as they are considered to be incurred wholly and exclusively for the purposes of the trade. However, expenses relating to shares are usually classed as capital and are therefore not

14 Jul 2020 13:21 | Produced by Tolley Read more Read more

Ministers of religion

Ministers of religionMost ministers of religion or members of the clergy are either office-holders or employees and so their earnings are taxable under ITEPA 2003 as employment income and are subject to Class 1 National Insurance.For the purposes of the tax system, a minister does not have to belong

14 Jul 2020 12:14 | Produced by Tolley Read more Read more