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Finance Bill 2025 roundup (24 January 2025): latest Government amendments

The Government has published a raft of amendments to be considered by the Public Bill Committee. Most of the changes affect the replacement of remittance basis/domicile Schedules.

27 Jan 2025 00:00 | Published by a Tolley Corporation Tax expert

Weekly Roundup HMRC Manuals: 27 January 2025

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

27 Jan 2025 00:00 | Published by a Tolley Corporation Tax expert

SI 2025/52 The MPs’, Senedd and Assembly Pension Schemes (Tax) Regulations 2025

These Regulations are made to address the tax consequences of changes arising from the rectification exercises carried out by the Parliamentary Contributory Pension Fund (PCPF), the Members of the Senedd Pension Scheme (Senedd Scheme) or an Assembly Members’ Pension Scheme (Northern Ireland)

24 Jan 2025 00:00 | Published by a Tolley Employment Tax expert

Final version of Charter for Budget Responsibility published

The final version of the document as it has been laid in Parliament has been published.

23 Jan 2025 00:00 | Published by a Tolley Corporation Tax expert

CIOT response: The Tax Administration Framework Review: New ways to tackle non-compliance

The CIOT has published its response to the HMRC consultation on “The Tax Administration Framework Review: New ways to tackle non-compliance”. The response addresses various proposals aimed at improving tax compliance and administration.

21 Jan 2025 00:00 | Published by a Tolley Corporation Tax expert

CIOT response: Simplifying the Taxation of Offshore Interest

The CIOT has published its response to the HMRC consultation on “Simplifying the Taxation of Offshore Interest”. The response addresses the complexities and potential solutions for taxing overseas investment income.

21 Jan 2025 00:00 | Published by a Tolley Owner-Managed Businesses expert

Weekly Roundup HMRC Manuals: 20 January 2025

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

20 Jan 2025 00:00 | Published by a Tolley Corporation Tax expert

New and updated MTD notices

HMRC has published a new notice on digital record keeping for Making Tax Digital for Income Tax. It has also updated the notice on the information to be submitted with details about the quarterly update information that must be provided by a relevant person with property income and profits from a jointly let property.

20 Jan 2025 00:00 | Published by a Tolley Owner-Managed Businesses expert

Agent Update: Issue 127

HMRC has published Issue 127 of the Agent Update with updates and information relevant to tax agents and their clients.

17 Jan 2025 00:00 | Published by a Tolley Corporation Tax expert

New HMRC guidance: Help with labour supply chain assurance

HMRC has published GfC12 guidelines ‘Help with labour supply chain assurance’.

17 Jan 2025 00:00 | Published by a Tolley Corporation Tax expert

Updated guidance: Use Making Tax Digital for Income Tax 2025

The guidance on “Finalise your income tax position” has been updated.

16 Jan 2025 00:00 | Published by a Tolley Owner-Managed Businesses expert

Weekly Roundup HMRC Manuals: 13 January 2025

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

13 Jan 2025 00:00 | Published by a Tolley Corporation Tax expert

Weekly Roundup HMRC Manuals: 6 January 2025

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

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

HM Courts & Tribunals Service updates guideline hourly rates for costs for 2025

HM Courts & Tribunals Service has revised the guideline hourly rates effective from 1 January 2025.

03 Jan 2025 00:00 | Published by a Tolley Corporation Tax expert

Digital platform reporting

HMRC has published guidance on digital platform reporting. These reporting rules started in the UK from 1 January 2024, with the first reports being due by 31 January 2025.

02 Jan 2025 00:00 | Published by a Tolley Corporation Tax expert

Overclaimed Research and Development (R&D) tax relief

HMRC has published details of the R&D disclosure service for companies to use to voluntarily disclose overclaimed R&D tax relief.

02 Jan 2025 00:00 | Published by a Tolley Corporation Tax expert

SI 2024/1377 The Companies and Limited Liability Partnerships (Protection and Disclosure of Information and Consequential Amendments) Regulations 2024

These Regulations are made to widen the circumstances for protecting individuals' residential addresses on the company register, including former registered office addresses, while ensuring company transparency, and aligning provisions for limited liability partnerships.

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

HMRC Guidance: Claim for a refund for overpaid PAYE

HMRC has published guidance on how businesses can claim a refund for overpaid PAYE for the current or a previous tax year.

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

HMRC Stakeholder Digest: 19 December 2024

HMRC has published its latest Stakeholder Digest (19 December 2024), providing updates and reminders relevant to UK tax practitioners.

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

Finance Bill 2025 update: Public Bill Committee to begin in January

The Public Bill Committee is expected to begin scrutiny of the Finance Bill on 28 January 2025. Comments on the Bill are invited before then, and revised explanatory notes have been issued to cover the Government’s proposed Pillar 2 amendments.

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

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FRS 102 ― tax presentation and disclosures

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14 Jul 2020 11:46 | Produced by Tolley in association with Malcolm Greenbaum Read more Read more

Qualifying charitable donations

Qualifying charitable donationsCompanies can obtain corporation tax relief for qualifying payments or certain transfers of assets to charity under the qualifying charitable donations regime. Definition of qualifying charitable donationThe definition of ‘qualifying charitable donations’

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Holdover relief for disposals by trustees

Holdover relief for disposals by trusteesOverviewWhere a capital gain has been realised on an asset that has been disposed of and that disposal was not for full value (that is not in an arm’s length sale) then holdover relief may be available. This will happen when trustees appoint capital assets

14 Jul 2020 11:54 | Produced by Tolley Read more Read more