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SI 2024/266 The Carer's Leave (Consequential Amendments to Subordinate Legislation) Regulations 2024

These Regulations amend secondary legislation in consequence of the Carer's Leave Act 2023, which makes provision for entitlement to carer’s leave.

05 Mar 2024 00:00 | Published by a Tolley Employment Tax expert

Weekly Roundup HMRC Manuals: 4 March 2024

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

04 Mar 2024 00:00 | Published by a Tolley Corporation Tax expert

SI 2024/251 The Carer’s Leave Regulations 2024

These Regulations make provision to implement a new statutory entitlement to Carer’s Leave for employees from 6th April 2024. They ensure that this leave will be available to employees to care for a dependant with a long-term care need.

04 Mar 2024 00:00 | Published by a Tolley Employment Tax expert

SI 2024/247 The Tax Credits, Child Benefit and Guardian’s Allowance Up-rating Regulations 2024

These regulations set the annual rates of Working Tax Credit and Child Tax Credit from 6 April 2024, and the weekly rate of Child Benefit and Guardian’s Allowance from 8 April 2024.

01 Mar 2024 00:00 | Published by a Tolley Employment Tax expert

SI 2024/249 The Social Security (Contributions) (Limits and Thresholds, National Insurance Funds Payments and Extension of Veterans Relief) Regulations 2024

These Regulations give effect to the annual re-rating of various National Insurance contributions rates, limits and thresholds from 6 April 2024.

01 Mar 2024 00:00 | Published by a Tolley Employment Tax expert

Updated lifetime allowance guidance newsletter — February 2024

HMRC has updated its recently published lifetime allowance newsletter.

28 Feb 2024 00:00 | Published by a Tolley Employment Tax expert

Scottish Parliament approves the Scottish Budget

The Scottish Parliament has approved the 2024-25 Scottish Budget.

28 Feb 2024 00:00 | Published by a Tolley Corporation Tax expert

Weekly Roundup HMRC Manuals: 26 February 2024

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

26 Feb 2024 00:00 | Published by a Tolley Corporation Tax expert

Pension schemes newsletter 156 ― February 2024

HMRC has published pension schemes newsletter 156.

23 Feb 2024 00:00 | Published by a Tolley Employment Tax expert

SI 2024/187 The Social Security (Contributions) (Amendment) Regulations 2024

These Regulations amend SI 2001/1004 to disregard from earnings three compensation schemes in order to exempt them from Class 1 National Insurance Contributions (NICs).

23 Feb 2024 00:00 | Published by a Tolley Employment Tax expert

CIOT response: Calculating PAYE liabilities in cases of non-compliance for off-payroll working (IR35)

The CIOT has responded to HMRC’s consultation on calculating PAYE liabilities in cases of non-compliance for off-payroll working (IR35)

23 Feb 2024 00:00 | Published by a Tolley Employment Tax expert

Company cars: advisory fuel rates from 1 March 2024

HMRC has published revised advisory fuel rates for company cars which apply from 1 March 2024.

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

HMRC Stakeholder Digest - 22 February 2024

HMRC’s latest Digest (22 February 2024) provides short updates on various topics, including changes to the R40 repayment claim form, P87 form, changes to reporting income from self-employment and partnership.

23 Feb 2024 00:00 | Published by a Tolley Employment Tax expert

Finance Act 2024 received Royal Assent on 22 February 2024

Royal Assent to the Finance Act was notified in the House of Lords on 22 February 2024

22 Feb 2024 00:00 | Published by a Tolley Corporation Tax expert

SI 2024/176 The Tax Credits (Miscellaneous Amendments) Regulations 2024

These Regulations amend several statutory instruments in relation to tax credits and child benefit.

22 Feb 2024 00:00 | Published by a Tolley Employment Tax expert

Agent update: issue 117

HMRC has published Agent Update issue 117 (21 February 2024) providing a round-up of recent developments and changes to legislation and allowances relating to UK tax for tax agents and advisers.

22 Feb 2024 00:00 | Published by a Tolley Corporation Tax expert

HMRC's further update on Double Cab Pick Up guidance

HMRC has further updated its guidance on the tax treatment of Double Cab Pick Ups.

20 Feb 2024 00:00 | Published by a Tolley Employment Tax expert

Weekly Roundup HMRC Manuals: 19 February 2024

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

19 Feb 2024 00:00 | Published by a Tolley Corporation Tax expert

Call for evidence: The Tax Administration Framework Review: enquiry and assessment powers, penalties, safeguards

HMRC has launched a consultation to welcome views on how a range of topics relating to HMRC’s enquiry and assessment powers, penalties, and safeguards could be reformed.

16 Feb 2024 00:00 | Published by a Tolley Corporation Tax expert

Updated Employer Bulletin: February 2024

HMRC has updated its bi-monthly magazine for employers and agents that gives up-to-date information on payroll topics.

16 Feb 2024 00:00 | Published by a Tolley Employment Tax expert

Popular Articles

Gifts out of surplus income

Gifts out of surplus incomeA valuable exemption from inheritance tax (IHT) applies to gifts out of surplus income. This exemption applies only to lifetime gifts and is therefore a key part of lifetime planning. The exemption applies to both outright gifts and gifts into trust. Gifts which meet the

14 Jul 2020 11:48 | Produced by Tolley in association with Emma Haley at Boodle Hatfield LLP Read more Read more

Carried-forward losses restriction

Carried-forward losses restrictionOverview of the carried-forward loss restrictionAn important restriction in the use of losses carried forward was introduced by Finance (No 2) Act 2017. Subject to a de minimis of £5m (known as the deductions allowance), most carried-forward losses are restricted to

14 Jul 2020 11:09 | Produced by Tolley Read more Read more

Terminal trading loss relief

Terminal trading loss reliefTerminal loss relief for trade losses in the final 12 monthsTrading losses incurred by a company in the final 12 months leading up to the discontinuance of trade may be carried back for up to three years from the period beginning immediately before that 12-month period.

14 Jul 2020 13:49 | Produced by Tolley Read more Read more