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SI 2024/383 The Designation of Special Tax Sites (Liverpool City Region, West Midlands and North East Investment Zones) Regulations 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.

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

SI 2024/380 The Designation of Special Tax Sites (Inverness and Cromarty Firth Green Freeport) Regulations 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.

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

Weekly Roundup HMRC Manuals: 18 March 2024

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

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

SI 2024/357 The Finance Act 2004 (Registered Pension Schemes and Annual Allowance Charge) Order 2024

These Regulations make changes to the way pension input amounts are calculated for some defined benefit public service pension schemes.

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

SI 2024/377 The Social Security (Class 2 National Insurance Contributions) (Consequential Amendments and Savings) Regulations 2024

These Regulations make minor amendments to ensure that legislation relating to Class 2 National Insurance Contributions (NICs) and related benefits is consistent with the National Insurance (Reductions in Rates) Act 2023 which removed the liability to pay Class 2 NICs from 6 April 2024.

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

Draft legislation: Improving the data HMRC collects from its customers

HMRC is consulting on two draft Statutory Instruments which, under powers introduced in

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

SI 2024/356, The Pensions (Abolition of Lifetime Allowance Charge etc) Regulations 2024

These regulations make consequential, transitional and saving provision in connection with the abolition of the lifetime allowance charge and as to the operation of the pension commencement excess lump sum.

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

SI 2024/355 The Income Tax (Pay As You Earn) (Amendment) (No. 2) Regulations 2024

These regulations amend the Income Tax (Pay As You Earn) Regulations, SI 2003/2682 to provide for the set off of tax already paid under the off-payroll working rules against a subsequent PAYE liability in respect of the same income.

14 Mar 2024 00:00 | Published by a Tolley Personal Tax expert

Finance (No 2) Bill 2024 published

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

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

SI 2024/350 The Individual Savings Account (Amendment) Regulations 2024

At Autumn Statement 2023, the Government announced various changes to the Individual Savings Account system. These Regulations legislate for these changes and come into force on 6 April 2024

12 Mar 2024 18:30 | Published by a Tolley Personal Tax expert

SI 2024/335 The Authorised Surplus Payments Charge (Variation of Rate) Order 2024

These Regulations reduce the rate of the authorised surplus payments charge from 35% to 25% with effect from 6 April 2024.

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

SI 2024/305 Income Tax (Pay As You Earn) (Amendment) Regulations 2024

These Regulations amend the Income Tax (Pay As You Earn) Regulations 2003 (SI 2003/2682) with effect from 6 April 2024 to simplify the reporting process for employers in respect of salary advances made to employees.

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

Weekly Roundup HMRC Manuals: 11 March 2024

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

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

National Insurance Contributions (Reduction in Rates) (No.2) Bill published

The government has published the National Insurance Contributions (Reduction in Rates) (No.2) Bill.

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

SI 2024/334 The Occupational Pension Schemes (Collective Money Purchase Schemes) (Amendment) Regulations 2024

These Regulations amend SI 2022/255 to clarify two areas of the Regulations.

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

SI 2024/309 The Guardian’s Allowance Up-rating Regulations 2024

The Regulations make provision in consequence of SI 2024/247 which provide for the annual up-rating of Guardian’s Allowance, amongst other things.

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

SI 2024/329 The Paternity Leave (Amendment) Regulations 2024

These Regulations amend the various paternity and adoption leave regulations to make changes to the way in which the statutory entitlement to paternity leave is exercised. They are part of a package of legislative changes to statutory rights to paternity leave and pay.

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

SI 2024/287 The Income Tax (Exemption of Social Security Benefits) Regulations 2024

These Regulations amend the ITEPA 2003, Ch 5, Pt 10 to disregard from earnings two new social security benefit payments in order to exempt them income tax.

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

SI 2024/242 The Social Security Benefits Up-rating Order 2024

The Order fulfils the statutory duty of the Secretary of State to review the rates of social security benefits and provides for the up-rating of certain benefits.

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

Lifetime allowance guidance newsletter — March 2024

HMRC has published the March 2024 Lifetime allowance newsletter to update stakeholders on the latest news for pension schemes.

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

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Foreign tax relief

Foreign tax reliefIncome and gains may be taxable in more than one country. The UK has three ways of ensuring that the individual does not bear a double burden:1)treaty tax relief may reduce or eliminate the double tax2)if there is no treaty, the individual can claim ‘unilateral’ relief by deducting

14 Jul 2020 11:44 | Produced by Tolley Read more Read more

UK VAT invoice requirements

UK VAT invoice requirementsThis guidance note provides details of the information that must be shown on a valid tax invoice. Businesses supplying goods and services that are liable to the standard or reduced rate of VAT are required to issue a tax invoice to another VAT registered person.If the

14 Jul 2020 13:46 | Produced by Tolley Read more Read more

Indexation allowance and rebasing

Indexation allowance and rebasingThis guidance note explains the general rules surrounding the availability of indexation allowance (which was frozen at December 2017) on the disposal of company assets and provides information on the rebasing rules for assets held on 31 March 1982. For an overview

14 Jul 2020 11:59 | Produced by Tolley in association with Jackie Barker of Wells Associates Read more Read more