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Latest Corporation Tax News

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HMRC business tax account – updated list of services

HMRC has updated the list of services which can be accessed from the business tax account.

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

Weekly Roundup HMRC Manuals: 28 October 2024

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

28 Oct 2024 00:00 | Published by a Tolley Corporation Tax expert

CIOT response: Tribunal Procedure Committee – Written Reasons Consultation

The CIOT has published its response to the Tribunal Procedure Committee consultation on possible changes to the procedure rules concerning the provision of written reasons for decisions and other case management measures.

28 Oct 2024 00:00 | Published by a Tolley Corporation Tax expert

Agent Update: issue 124

HMRC has published issue 124 of Agent Update.

25 Oct 2024 00:00 | Published by a Tolley Corporation Tax expert

Jersey adopts legislation to implement Pillar 2 from 2025

Jersey has adopted legislation to implement a Pillar 2 Income Inclusion Rule and a multinational corporate income tax from 2025, fulfilling Jersey’s commitment to enact the OECD’s global minimum tax framework for large in-scope multinational groups.

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

OECD General Tax Report to G20 Finance Ministers and Central Bank Governors

The OECD has published a report setting out recent developments in international tax reform since July 2024.

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

New corporate re-domiciliation report published

The Independent Expert Panel on Corporate Re-domiciliation has published a new report on a framework for a UK corporate re-domiciliation regime.

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

Weekly Roundup HMRC Manuals: 21 October 2024

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

21 Oct 2024 00:00 | Published by a Tolley Corporation Tax expert

Spotlight 65: General Data Protection Regulation (GDPR) provision used to reduce tax liability

Spotlight 65 warns that tax agents are targeting businesses to claim corporation tax refunds through incorrect provisions, linked to potential GDPR fines or civil claims.

21 Oct 2024 00:00 | Published by a Tolley Corporation Tax expert

HMRC responds to CIOT submission on definition of ordinary share capital and fixed rate shares

HMRC has responded to the CIOT submission which sought clarification on their definition of ordinary share capital with respect to fixed rate shares.

18 Oct 2024 00:00 | Published by a Tolley Corporation Tax expert

SI 2024/1035 The Designation of Special Tax Sites (Celtic Freeport) Regulations 2024

These regulations designate special tax sites in the Celtic Freeport and other areas of Wales that the Treasury consider to be connected to Celtic Freeport.

18 Oct 2024 00:00 | Published by a Tolley Corporation Tax expert

Economic Crime and Corporate Transparency Act: Outline transition plan for Companies House

HMRC has published a transition plan outlining its indicative timeline for commencing the key provisions of the Economic Crime and Transparency Act 2023.

17 Oct 2024 00:00 | Published by a Tolley Corporation Tax expert

SI 2024/1026 The Budget Responsibility Act 2024 (Commencement) Regulations 2024

These regulations bring section 1 of the Budget Responsibility Act into force.

15 Oct 2024 00:00 | Published by a Tolley Corporation Tax expert

Weekly Roundup HMRC Manuals: 14 October 2024

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

14 Oct 2024 00:00 | Published by a Tolley Corporation Tax expert

SI 2024/1009 The Corporation Tax (Certification as Low-Budget Film) Regulations 2024

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

10 Oct 2024 00:00 | Published by a Tolley Corporation Tax expert

SI 2024/1010 The Finance (No. 2) Act 2024 (Applications for Certification as Low-Budget Film: Appointed Day) Regulations 2024

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

10 Oct 2024 00:00 | Published by a Tolley Corporation Tax expert

Home Office publishes guidance on Economic Crime and Corporate Transparency Act

The Home Office has published guidance on the information sharing measures

07 Oct 2024 00:00 | Published by a Tolley Corporation Tax expert

Weekly Roundup HMRC Manuals: 7 October 2024

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

07 Oct 2024 00:00 | Published by a Tolley Corporation Tax expert

Changes to the Agent Dedicated Line

The CIOT and ATT have advised that HMRC has published an update on changes to the Agent Dedicated Line (ADL) service from 7 October 2024.

04 Oct 2024 00:00 | Published by a Tolley Corporation Tax expert

Tax Treaties: Luxembourg

HMRC has updated the tax treaties page for Luxembourg.

04 Oct 2024 00:00 | Published by a Tolley Corporation Tax expert

Popular Articles

Gilts

Gilts‘Gilts’ are securities that are also known by a number of different names (eg gilt-edged securities, Government securities or treasury stock).The Government sells gilts to fund the deficit between public spending and tax receipts. Normally, the Government pays interest to the holder of the gilt

14 Jul 2020 11:48 | Produced by Tolley Read more Read more

Non-business expenses

Non-business expensesIntroductionIn order for an expense to be tax deductible it must be incurred because of an employee’s employment. Any non-business related expense is, therefore, not relievable except in some very particular circumstances.This guidance note deals with three separate issues. The

14 Jul 2020 12:16 | Produced by Tolley Read more Read more

Income tax paid on behalf of employee

Income tax paid on behalf of employeeIntroductionEmployers may wish to make payments of employment income to an employee / director without the employee suffering a tax or NIC cost on that pay. In other words, the employer wants to pay an amount net of tax and NIC. In some instances, often with

14 Jul 2020 11:58 | Produced by Tolley in association with Paul Tew Read more Read more