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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.

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

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.

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

HMRC has updated its recent briefing that sets out the new process for claiming PAYE employment expenses that came into effect on 14 October 2024.

HMRC have launched a new interactive Making Tax Digital for income tax (MTD ITSA) tool.

HMRC has published its bi-monthly magazine providing the latest information on payroll-related topics for employers and agents.

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

HMRC has published Employment Related Securities Bulletin 57.

The Individual Savings Account (Amendment) (No 2) Regulations 2024 (SI 2024/1022) and the Child Trust Funds (Amendment) (No 2) Regulations 2024 (SI 2024/1023) allow fractional interests in an ISA and CTF.

Details of updates to HMRC import, export and customs guidance for the period from 8 to 14 October 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.

The Government have published the Employment Rights Bill which introduces a range of reforms to workers' rights across the UK.

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

SI 2024/1008: All provisions of the Seafarers’ Wages Act 2023 (SWA 2023) come into force on 1 December 2024.

HMRC has updated its P87 guidance notes regarding claims for employment expenses.

HMRC have updated their guidance for employers on enterprise management incentives (EMIs).

HMRC have updated their guidance for employers on employment related securities.

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

SI 2024/1015: These Regulations are made to give effect to the provisions of the Seafarers’ Wages Act 2023 (SWA 2023), which provides that operators of frequent international services which call at UK ports must either provide a declaration that seafarers on these services are remunerated at a rate equivalent to the minimum wage under the National Minimum Wage Act 1998 (NMWA 1998) or pay a surcharge. They set out the administrative detail of the regime, including how the required rate of pay, the national minimum wage equivalent rate (NMWe) is calculated and how and when harbour authorities and operators must fulfil their functions under the SWA 2023. They come into force on 1 December 2024.