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SI 2024/544 The International Tax Compliance (Amendment) Regulations 2024

SI 2024/544: These Regulations are made to amend the International Tax Compliance Regulations 2015, SI 2015/878. This is to provide that the arrangements covered by SI 2015/878 will now be specified in a notice published by the Commissioners

24 Apr 2024 00:00 | Published by a Tolley Corporation Tax expert

SI 2024/546 The Major Sporting Events (Income Tax Exemption) (2024 UEFA Champions League Final) Regulations 2024

These Regulations provide an exemption from UK income tax for certain non-resident individuals who have been accredited by the Union of European Football Associations (UEFA) in respect of their involvement with the 2024 UEFA Champions League Final, to be played at Wembley Stadium, London on 1 June 2024.

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

Weekly Roundup HMRC Manuals: 22 April 2024

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

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

New HMRC guidance manual on Making Tax Digital for Income Tax

HMRC has issued a new guidance manual for sole traders, landlords and agents who volunteer to use and test Making Tax Digital (MTD) for Income Tax.

22 Apr 2024 00:00 | Published by a Tolley Owner-Managed Businesses expert

Tax Administration and Maintenance Day: 18 April 2024

At Tax Administration and Maintenance Day on 18 April 2024, the UK government launched consultations on the impact of the Uber VAT decisions and a new administrative requirement for employers in freeport and investment zone tax sites, committed to publishing further detail on options to tackle umbrella company non-compliance, and set out its intention to consult on VAT relief for low-value goods donated to charity.

18 Apr 2024 00:00 | Published by a Tolley Corporation Tax expert

Agent update: issue 119

HMRC has published agent update: issue 119 (17 April 2024) providing a round-up of recent developments and changes to legislation and allowances relating to UK tax for tax agents and advisers.

18 Apr 2024 00:00 | Published by a Tolley Corporation Tax expert

CIOT update on the Pandora Papers

The CIOT has advised that, following continued risking of the Pandora Papers data, a further tranche of letters is being issued by HMRC to some wealthy individuals from the week commencing 8 April 2024, and they will include an extended response period of 60 days.

15 Apr 2024 00:00 | Published by a Tolley Corporation Tax expert

Weekly Roundup HMRC Manuals: 15 April 2024

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

15 Apr 2024 00:00 | Published by a Tolley Corporation Tax expert

Abolition of the FHL regime: CIOT supports statutory test on trading vs investment

The CIOT has submitted views on the UK government’s proposal to abolish the furnished holiday lettings tax regime from April 2025.

12 Apr 2024 00:00 | Published by a Tolley Owner-Managed Businesses expert

Weekly Roundup HMRC Manuals: 8 April 2024

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

08 Apr 2024 00:00 | Published by a Tolley Corporation Tax expert

HMRC issues new guidance on penalties for MTD volunteers

HMRC has published new guidance on the late-filing and late-payment penalties which will apply for those who sign up to Making Tax Digital for Income Tax Self-Assessment on a voluntary basis.

05 Apr 2024 00:00 | Published by a Tolley Owner-Managed Businesses expert

HMRC Stakeholder Digest: 3 April 2024

HMRC has published its latest Stakeholder Digest (3 April 2024).

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

HMRC directions: Company tax returns with a creative industry tax relief claim

These Regulations provide directions under the Income and Corporation Taxes (Electronic Communications) Regulations 2003 (

03 Apr 2024 00:00 | Published by a Tolley Corporation Tax expert

Consultation: Draft regulations: the Co-ownership Contractual Schemes (Tax) Regulations 2024

HMRC has launched a technical consultation on draft regulations which set out the proposed tax treatment of the Reserved Investor Fund (RIF).

03 Apr 2024 00:00 | Published by a Tolley Corporation Tax expert

Weekly Roundup HMRC Manuals: 2 April 2024

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

02 Apr 2024 00:00 | Published by a Tolley Corporation Tax expert

Consultation response: Research and Development tax reliefs draft guidance

HMRC has published the response to the consultation on draft guidance on the R&D new contracting out rules and overseas restrictions.

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

Consultation on additional tax relief for visual effects costs

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.

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

Weekly Roundup HMRC Manuals: 25 March 2024

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

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

Agent update: issue 118

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.

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

National Insurance Contributions (Reduction in Rates) Act 2024

The National Insurance Contributions (Reduction in Rates) Act 2024 has received Royal Assent.

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

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SEIS and EIS ― overview

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Spouse exemption from inheritance tax

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Payments to trust beneficiaries

Payments to trust beneficiariesThis guidance note considers the trustees powers to make payments and whether the payment made is income or capital.This guidance note is designed to give outline and background for accountants and tax advisers who deal with clients establishing trusts. It is not

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