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Deadline for voluntary National Insurance contributions extended to April 2025

The government has further extended the voluntary National Insurance (NI) contribution deadline to 5 April 2025 to give taxpayers more time to fill gaps in their NI record and help increase the amount they receive in State Pension.

13 Jun 2023 00:00 | Published by a Tolley Employment Tax expert

National Audit Office Report: Progress with Making Tax Digital

The National Audit Office (NAO) has published a report, Progress with Making Tax Digital. The report considers progress to implement Making Tax Digital, and whether HMRC’s latest plans provide confidence that the programme will deliver value for money.

12 Jun 2023 00:00 | Published by a Tolley Corporation Tax expert

HMRC Stakeholder Digest - 8 June 2023

HMRC’s Stakeholder Digest (8 June 2023) provides a round-up of recent news and updates

09 Jun 2023 00:00 | Published by a Tolley Personal Tax expert

CIOT and ATT response: Simplifying and modernising HMRC’s income tax services through the tax administration framework

The CIOT and ATT have responded to the HMRC consultation: ‘Simplifying and modernising HMRC’s income tax services through the tax administration framework’.

08 Jun 2023 00:00 | Published by a Tolley Employment Tax expert

CIOT response: Expanding the cash basis for the self-employed

The CIOT has responded to the HMRC consultation on Expanding the cash basis for the self-employed.

07 Jun 2023 00:00 | Published by a Tolley Employment Tax expert

Charities newsletter 1: June 2023

HMRC has published Charities Newsletter 1 which is a new publication to keep the charities sector informed about relevant updates.

06 Jun 2023 00:00 | Published by a Tolley Corporation Tax expert

HMRC calls for evidence on Non-discretionary tax advantaged share schemes

HMRC has launched a consultation to seek views and gather evidence on the current usage of the Save As You Earn (SAYE) and Share Incentive Plan (SIP) employee share schemes and whether they are effective in achieving their stated policy objectives. The deadline for response is 5 pm on 25 August 2023.

05 Jun 2023 00:00 | Published by a Tolley Corporation Tax expert

Spotlight 62: Dividend diversion scheme used to fund education fees

HMRC has published Spotlight 62 on tax avoidance schemes used by owner managed companies to fund education fees.

05 Jun 2023 00:00 | Published by a Tolley Owner-Managed Businesses expert

Tax transparency rules for crypto-asset transactions (DAC8)

The European Parliament has published a briefing on Tax transparency rules for cryptoasset transactions (DAC8).

01 Jun 2023 00:00 | Published by a Tolley Owner-Managed Businesses expert

Pension schemes newsletter 150 - May 2023

HMRC has published pension schemes newsletter 150.

31 May 2023 00:00 | Published by a Tolley Employment Tax expert

HMRC Stakeholder Digest: 25 May 2023

HMRC’s Stakeholder Digest (25 May 2023) provides a round-up of recent news and updates.

30 May 2023 00:00 | Published by a Tolley Owner-Managed Businesses expert

SI 2023/570 The Income Tax (Accommodation Allowances of Armed Forces) Regulations 2023

These regulations ensure that payments made by the Ministry of Defence to service personnel under the 2022 Contribution in Lieu of Council Tax (“CILOCTâ€) Rebate Scheme are exempt from income tax.

26 May 2023 00:00 | Published by a Tolley Employment Tax expert

Agent update: issue 108

HMRC has published Agent Update issue 108 (24 May 2023) providing a round-up of recent developments and changes to legislation and allowances relating to UK tax for tax agents and advisers.

25 May 2023 00:00 | Published by a Tolley Corporation Tax expert

Crown Dependencies announce agreed approach to pillar two framework

On 19 May 2023, Guernsey, Jersey and the Isle of Man made a joint statement on their intentions in respect of the global initiative to set a minimum effective tax rate for the world's largest multinational enterprises.

24 May 2023 00:00 | Published by a Tolley Corporation Tax expert

Technical consultation: The Public Service Pension Schemes (Rectification of Unlawful Discrimination) (Tax) (No. 2) Regulations 2023

HMRC has launched a technical consultation seeking views on draft tax regulations which set out changes to how pensions tax rules will apply as a result of the public service pensions remedy.

23 May 2023 00:00 | Published by a Tolley Employment Tax expert

Updated HMRC guidance: tax check for taxi, private hire or scrap metal licence applications

HMRC has updated its guidance on completing a tax check for renewing taxi, private hire or scrap metal licenses.

22 May 2023 00:00 | Published by a Tolley Corporation Tax expert

Form to apply for marriage allowance by post

HMRC has published a form for marriage allowance applications by post.

19 May 2023 00:00 | Published by a Tolley Personal Tax expert

HMRC updates interest rates following Bank of England decision

HMRC is increasing the late payment rate of interest to 7%, and the repayment interest rate to 3.5% from 31 May 2023. Interest on quarterly instalment payments of corporation tax is also increased from 22 May 2023.

16 May 2023 00:00 | Published by a Tolley Corporation Tax expert

Government accepts COVID employment support scheme recommendations

The UK government has responded to the Public Accounts Committee’s report on COVID employment support schemes.

16 May 2023 00:00 | Published by a Tolley Employment Tax expert

Retained EU law sunset clause abandoned

The Retained EU Law (Revocation and Reform) Bill will now not automatically remove remaining retained EU law and EU-derived secondary legislation on 31 December 2023.

16 May 2023 00:00 | Published by a Tolley Corporation Tax expert

Popular Articles

Timing of disposal for capital gains tax

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14 Jul 2020 13:50 | Produced by Tolley Read more Read more

Class 4 national insurance contributions

Class 4 national insurance contributionsWhat is Class 4 NIC?Class 2 and Class 4 national insurance contributions (NIC) are paid by self-employed individuals and partners in a partnership on their profits arising within the UK. This guidance note considers Class 4 contributions. For Class 2

14 Jul 2020 11:13 | Produced by Tolley Read more Read more

BPR ― trading and investment businesses

BPR ― trading and investment businessesIntroductionThe basic qualification rules for business property relief (BPR) are illustrated in the Flowchart ― trading or investment business for BPR purposes.For an overview of BPR, see the BPR overview guidance note.Relevant business propertyThe main

14 Jul 2020 15:36 | Produced by Tolley Read more Read more