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Latest Trusts and Inheritance Tax News

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Finance Bill 2025 roundup (24 January 2025): latest Government amendments

The Government has published a raft of amendments to be considered by the Public Bill Committee. Most of the changes affect the replacement of remittance basis/domicile Schedules.

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

Final version of Charter for Budget Responsibility published

The final version of the document as it has been laid in Parliament has been published.

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

CIOT response: The Tax Administration Framework Review: New ways to tackle non-compliance

The CIOT has published its response to the HMRC consultation on “The Tax Administration Framework Review: New ways to tackle non-compliance”. The response addresses various proposals aimed at improving tax compliance and administration.

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

Agent Update: Issue 127

HMRC has published Issue 127 of the Agent Update with updates and information relevant to tax agents and their clients.

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

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

Popular Articles

Subsistence expenses

Subsistence expensesIntroductionSubsistence is the amount incurred as a consequence of business travel. Typically it relates to accommodation and meal costs incurred. These amounts are allowed because they are associated with the necessary travel which is not to a permanent workplace. See the Travel

14 Jul 2020 13:43 | Produced by Tolley in association with Philip Rutherford Read more Read more

Maintenance payments

Maintenance paymentsMaintenance payments are payments made by a taxpayer to their former or separated spouse / civil partner for the maintenance of that person or their children. To obtain any tax relief for maintenance payments, one of the couple must have been born before 5 April 1935 and the

14 Jul 2020 12:12 | 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