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Tax news roundup: 21 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.

21 Oct 2024 00:00 | Published by a

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

Weekly roundup of HMRC import, export and customs guidance: 21 October 2024

Details of updates to HMRC import, export and customs guidance for the period from 15 to 21 October 2024.

21 Oct 2024 00:00 | Published by a

HMRC publishes new GAAR Advisory Panel opinion

HMRC has published a new GAAR Advisory Panel opinion on reward through creation and sale of a pension obligation with consideration paid to the owner of the pension obligation.

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

SI 2024/1048 The Social Security (Scotland) Act 2018 (Disability Assistance) (Consequential Modifications) Order 2024

These regulations make consequential amendments to legislation in Great Britain and Northern Ireland to reflect the introduction of Pension Age Disability Payment (PADP) which will replace Attendance Allowance (AA) in Scotland.

21 Oct 2024 00:00 | Published by a Tolley Trusts and Inheritance 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

HMRC issue briefing: Evidence required to claim PAYE (P87) employment expenses

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.

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

Making tax digital for income tax: new interactive tool

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

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

Employer Bulletin: October 2024

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

16 Oct 2024 00:00 | Published by a Tolley Employment 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

Employment Related Securities Bulletin 57

HMRC has published Employment Related Securities Bulletin 57.

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

Updated ISA and CTF regulations

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.

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

Weekly roundup of HMRC import, export and customs guidance: 14 October 2024

Details of updates to HMRC import, export and customs guidance for the period from 8 to 14 October 2024.

14 Oct 2024 00:00 | Published by a

Tax news roundup: 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.

14 Oct 2024 00:00 | Published by a

New Employment Rights Bill

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

14 Oct 2024 00:00 | Published by a Tolley Employment 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 2024/1008 The Seafarers' Wages Act 2023 (Commencement) Regulations 2024

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

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

Popular Articles

Payments on account (POA)

Payments on account (POA)This guidance note provides and overview of the payments on account regime (POA). More in depth commentary can be found in De Voil Indirect Tax Service V5.110.What are payments on account?VAT registered businesses with an annual VAT liability of more than £2.3m are required

14 Jul 2020 12:52 | Produced by Tolley Read more Read more

Self assessment ― amendments and corrections

Self assessment ― amendments and correctionsOnce a self assessment tax return has been filed, both HMRC and the taxpayer (or the agent) has the right to make changes to the return. There are different time limits depending on whether it is a correction by HMRC or an amendment made by the

14 Jul 2020 13:37 | Produced by Tolley Read more Read more

Self assessment ― estimates and provisional figures

Self assessment ― estimates and provisional figuresIf the taxpayer does not have sufficient information to enable them to complete the tax return in the time allowed, they should include either a best estimate or a provisional figure. The taxpayer should not either leave a box blank or enter

14 Jul 2020 13:37 | Produced by Tolley Read more Read more