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Spotlight 69: Liquidation of a Limited Liability Partnership used to avoid Capital Gains Tax

HMRC has published Spotlight 69, highlighting a tax avoidance scheme used by landlords to reduce their tax liability through the liquidation of a Limited Liability Partnership (LLP).

29 Apr 2025 00:00 | Published by a Tolley Owner-Managed Businesses expert

Tax update spring 2025: simplification, administration and reform

HMRC has published a package of tax and customs administration and simplification measures aimed at reducing administrative burdens. It includes new consultations, consultation outcomes, calls for evidence, announcements and other documents.

29 Apr 2025 00:00 | Published by a Tolley Corporation Tax expert

Weekly Roundup HMRC Manuals: 28 April 2025

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

28 Apr 2025 00:00 | Published by a Tolley Corporation Tax expert

Pensions schemes newsletter 169 — April 2025

HMRC newsletter outlines pension scheme legal changes and deadlines for 2025

25 Apr 2025 00:00 | Published by a Tolley Employment Tax expert

Updated guidance on MTD for income tax

HMRC has updated its guidance ‘Get ready for Making Tax Digital for Income Tax’

24 Apr 2025 00:00 | Published by a Tolley Owner-Managed Businesses expert

CIOT letter to HMRC regarding non-domiciled individuals, double remittances and 6 April 2025

The CIOT has written to HMRC in relation to the

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

Updated guidance on promoters of tax avoidance schemes

HMRC has updated its guidance on promoters of tax avoidance schemes to provide more information on stop notices.

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

Agent Update: Issue 130

HMRC has published Issue 130 of the Agent Update, providing a round-up of updates and reminders for tax practitioners.

22 Apr 2025 00:00 | Published by a Tolley Corporation Tax expert

Weekly Roundup HMRC Manuals: 22 April 2025

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

22 Apr 2025 00:00 | Published by a Tolley Corporation Tax expert

Courts and Tribunals Judiciary publishes updated AI guidance and introduces Copilot Chat for judges

The Courts and Tribunals Judiciary has published updated guidance on the use of artificial intelligence (AI), replacing its December 2023 guidance.

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

New HMRC guidance on choosing an agent for MTD for income tax

HMRC has published new guidance on choosing an agent for MTD for income tax.

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

Updated guidance for agents whose business is changing

HMRC has updated it guidance ‘What to do if your tax agent business is changing’ to add information on what to do if an agency stops trading.

16 Apr 2025 00:00 | Published by a Tolley Corporation Tax expert

New HMRC factsheet CC/FS46

HMRC has issued a new factsheet: Compliance checks: Automatic Exchange of Information obligations — CC/FS46

15 Apr 2025 00:00 | Published by a Tolley Corporation Tax expert

Weekly Roundup HMRC Manuals: 14 April 2025

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

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

ATT advises savers to act over tax due on interest

The ATT advises that savers who owe tax on their savings interest should contact HMRC if they have not received a letter.

10 Apr 2025 00:00 | Published by a Tolley Personal Tax expert

SI 2025/429 Social Security (Contributions) (Amendment No 5) Regulations 2025

These Regulations are made to disregard payments made under the Horizon Shortfall Scheme Appeals process from earnings in order to exempt them from liability to Class 1 National Insurance contributions.

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

Updated guidance on MTD for income tax

HMRC has updated the page ‘Sign up for Making Tax Digital for Income Tax’.

07 Apr 2025 00:00 | Published by a Tolley Owner-Managed Businesses expert

New and updated HMRC guidance on changes for non-domiciled individuals

HMRC has published new guidance and updated numerous pages to reflect the changes for non-domiciled individuals from 6 April 2025.

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

SI 2025/434 Horizon Shortfall Scheme Appeals (Tax Exemptions and Relief) Regulations 2025

These Regulations provide for exemptions from capital gains tax, corporation tax, income tax and a relief from inheritance tax for payments received under Horizon Shortfall Scheme Appeals, an independent appeals process created by the Department for Business and Trade.

07 Apr 2025 00:00 | Published by a Tolley Corporation Tax expert

Weekly Roundup HMRC Manuals: 7 April 2025

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

07 Apr 2025 00:00 | Published by a Tolley Corporation Tax expert

Popular Articles

Allowable deductions for employee-related expenses

Allowable deductions for employee-related expensesThis guidance note covers the tax treatment of some common types of trading expenditure relating to employees. Some of these are disallowable under general principles, for example the wholly and exclusively test or capital versus revenue expenditure.

14 Sep 2022 09:49 | Produced by Tolley Read more Read more

Winding up a trust ― legal, administrative and compliance issues

Winding up a trust ― legal, administrative and compliance issuesOverviewWhen winding up a trust, there are legal formalities and compliance issues that need to be dealt with, as well as IHT and CGT consequences that flow from the termination. This guidance note considers when and how a trust comes

14 Jul 2020 14:01 | Produced by Tolley Read more Read more

Non-trading deficits on loan relationships

Non-trading deficits on loan relationshipsOverview of non-trading deficits (NTDs)When a company’s debits on its non-trading loan relationships and derivative contracts in an accounting period exceed the credits on its non-trading loan relationships and derivative contracts in the same period (the

14 Jul 2020 12:17 | Produced by Tolley Read more Read more