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The Government has opened a consultation on the 5% increase in Audio-Visual Expenditure Credit and removal of the 80% cap on qualifying expenditure, for visual effects costs.

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

These Regulations make amendments to primary and secondary legislation which are consequent on, or supplement certain provisions of, the Economic Crime and Corporate Transparency Act 2023 (2023 Act).

HMRC has published Agent Update issue 118 (20 March 2024) providing a round-up of recent developments and changes to legislation and allowances relating to UK tax for tax agents and advisers.

The OECD have published the sixth peer review report on the implementation of the Action 6 minimum standard on treaty shopping, which includes data on tax treaties concluded by jurisdictions that were members of the Inclusive Framework on 31 May 2023.

These Regulations ensure that ‘The Investment Allowance and Cluster Area Allowance (Investment Expenditure) Regulations 2017’ apply as intended for oil and gas activities located onshore and in Northern Ireland waters.

HMRC has issued two new guidance pages on full expensing and 50% first year allowances for companies.

HMRC has confirmed that proposals to reduce the availability of several taxpayer helplines have been put on hold.

HMRC has published updated guidance to reflect the revised R&D regime for accounting periods beginning on or after 1 April 2024

These Regulations are made to designate areas, known as ‘special tax sites’, as special areas for the purposes of Parts 2 (plant and machinery allowances) and 2A (structures and buildings allowances) of the Capital Allowances Act 2001 and Part 4 (stamp duty land tax) of the Finance Act 2003.

These Regulations are made to designate areas, known as ‘special tax sites’, as special areas for the purposes of Parts 2 (plant and machinery allowances) and 2A (structures and buildings allowances) of the Capital Allowances Act 2001.

The UK and Estonia have initiated a new Income Tax treaty.

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

This Order states the annual chargeable amounts of the annual tax on enveloped dwellings for chargeable periods beginning on or after 1st April 2024

These Regulations prescribe the standard rate, lower rate and unauthorised disposals rate for Welsh landfill disposals tax chargeable on taxable disposals made on or after 1 April 2024.

Finance (No 2) Bill was published on 13 March 2024.

These Regulations set out special conditions for companies with a registered office in Northern Ireland which make claims for enhanced relief under the new R&D tax relief scheme.

A consultation has been launched on improving the effectiveness of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (the ‘MLRs’).

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

These Regulations require claims for the creative sector tax reliefs to be submitted electronically. They also specify the additional information required to be provided by claimant companies in support of any claims for the creative sector tax reliefs.