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CIOT Finance Bill Technical submission on the non-domicile and remittance basis changes

The CIOT has submitted a response to the draft legislation concerning the changes for the non-domicile and remittance regime. It has also issued a briefing on the National Insurance Contributions (Secondary Class 1 Contributions) Bill 2024.

07 Jan 2025 00:00 | Published by a Tolley Employment Tax expert

HM Courts & Tribunals Service updates guideline hourly rates for costs for 2025

HM Courts & Tribunals Service has revised the guideline hourly rates effective from 1 January 2025.

03 Jan 2025 00:00 | Published by a Tolley Corporation Tax expert

HMRC Stakeholder Digest: 19 December 2024

HMRC has published its latest Stakeholder Digest (19 December 2024), providing updates and reminders relevant to UK tax practitioners.

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

Finance Bill 2025 update: Public Bill Committee to begin in January

The Public Bill Committee is expected to begin scrutiny of the Finance Bill on 28 January 2025. Comments on the Bill are invited before then, and revised explanatory notes have been issued to cover the Government’s proposed Pillar 2 amendments.

20 Dec 2024 00:00 | Published by a Tolley Corporation Tax expert

Agent Update: Issue 126

HMRC has published Issue 126 of the Agent Update.

20 Dec 2024 00:00 | Published by a Tolley Corporation Tax expert

Finance Bill 2025 roundup – 19 December 2024

The UK Government has put forward two sets of amendments to Finance Bill 2025.

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

OECD Peer review on exchange information on tax rulings

The OECD/G20 Inclusive Framework on BEPS has released the latest peer review assessments for 136 jurisdictions in relation to the spontaneous exchange of information on tax rulings.

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

Chancellor commissions Spring Forecast on 26 March 2025

The Chancellor of the Exchequer, Rachel Reeves has confirmed the Spring forecast will take place on Wednesday 26 March 2025.

17 Dec 2024 00:00 | Published by a Tolley Corporation Tax expert

Weekly Roundup HMRC Manuals: 16 December 2024

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

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

Joint subgroup on the changes to the taxation of non-doms

The subgroup which is chaired by HMRC and has members from representative bodies is time limited and will focus on the changes to the taxation of non-domiciled individuals (non-doms).

13 Dec 2024 00:00 | Published by a Tolley Trusts and Inheritance Tax expert

CIOT Finance Bill 2024-25 briefings

The CIOT has published Finance Bill 2024-25 briefings on capital gains tax and oil and gas taxation

12 Dec 2024 00:00 | Published by a Tolley Corporation Tax expert

CIOT and ICAEW report – Tackling HMRC’s customer service challenge

The CIOT and ICAEW have published a report addressing HMRC’s customer service challenges, setting out ten recommendations for improvements.

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

Weekly Roundup HMRC Manuals: 9 December 2024

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

09 Dec 2024 00:00 | Published by a Tolley Corporation Tax expert

Scottish Budget delivered in Scottish Parliament

The Scottish Finance Secretary Shona Robison delivered the Scottish Budget on Wednesday 4 December 2024.

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

HMRC Stakeholder Digest: 29 November 2024

HMRC has published its latest Stakeholder Digest (29 November 2024).

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

HMRC updates timescale to register an agent account or receive an agent code

HMRC has updated guidance on registering as an agent or receiving an agent code to confirm the timescale for a response is now up to 40 days.

29 Nov 2024 00:00 | Published by a Tolley Corporation Tax expert

Finance Bill 2025 roundup – 29 November 2024

The UK Government has set out next stages for Parliamentary scrutiny of the Finance Bill.

29 Nov 2024 00:00 | Published by a Tolley Corporation Tax expert

The CIOT comments on tax measures in the October Budget

The CIOT has written a letter to the Chair of the Treasury Committee, Dame Meg Hillier MP regarding some of the tax measures in the October 2024 Budget.

27 Nov 2024 00:00 | Published by a Tolley Corporation Tax expert

Agent Update: Issue 125

HMRC has published issue 125 of Agent Update.

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

HMRC cuts late-payment and repayment interest rates

HMRC is reducing the late-payment interest rate to 7.25% and the repayment rate to 3.75% from 26 November 2024 for most taxes and payments. Interest on quarterly instalment payments of corporation tax will also be reduced from 18 November.

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

Popular Articles

Outright gifts

Outright giftsAn outright gift is the most straightforward type of gift. It simply involves the outright transfer of property from one person to another with no conditions attached.This type of gift is most suitable for clients who want to pass over modest amounts, or give to responsible and capable

14 Jul 2020 12:22 | Produced by Tolley in association with Emma Haley at Boodle Hatfield LLP Read more Read more

Payment of the remittance basis charge

Payment of the remittance basis chargeRemittance basis chargeThe remittance basis charge is an annual charge payable by ‘long-term’ UK residents for the privilege of claiming the remittance basis.Taxpayers who wish to utilise the remittance basis (but do not qualify for it automatically) must pay

14 Jul 2020 12:52 | Produced by Tolley Read more Read more

Furnished holiday lets

Furnished holiday letsThis guidance note sets out the qualifying conditions for a property let to be treated as a furnished holiday let (FHL) for tax purposes and the subsequent tax implications.Whether or not a property qualifies as an FHL can make an important difference to the taxation

14 Jul 2020 11:46 | Produced by Tolley Read more Read more