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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

Revenue and Customs Brief 3 (2024): VAT on cladding remediation work

HMRC has clarified its policy in relation to the VAT treatment of remedial building works to correct faulty workmanship or replace faulty materials, including the replacement of cladding

18 Dec 2024 00:00 | Published by a Tolley Value Added 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

CIOT Finance Bill 2024-25 briefing - VAT: Removal of exemption for private school fees

The CIOT has published a Finance Bill 2024-25 briefing on the removal of the VAT exemption for private school fees.

13 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

Updated HMRC Guidance: How late payment penalties work if you pay VAT late

HMRC has updated its guidance regarding VAT late payment penalties.

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

Flat Rate Scheme for small businesses (VAT Notice 733)

HMRC has updated VAT Notice 733 on the Flat Rate Scheme for small businesses

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

SI 2024/1286 The Designation of Special Tax Sites (Anglesey Freeport) Regulations 2024

These Regulations are made to designate the special tax sites within, or connected to, a freeport in which certain tax reliefs are available (known as special tax sites).

06 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

Weekly Roundup HMRC Manuals: 2 December 2024

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

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

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Tax implications of administration and liquidation

Tax implications of administration and liquidationThis guidance considers the tax implications of a company going into administration or liquidation.Introduction to company administration and liquidationCompany going into administrationA company which is in financial difficulty may go into

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Self assessment ― estimates and provisional figures

Self assessment ― estimates and provisional figuresIf the taxpayer does not have sufficient information to enable them to complete the tax return in the time allowed, they should include either a best estimate or a provisional figure. The taxpayer should not either leave a box blank or enter

14 Jul 2020 13:37 | Produced by Tolley Read more Read more

Exemption ― insurance ― overview

Exemption ― insurance ― overviewThis guidance note provides an overview of the VAT treatment of insurance products and should be read in conjunction with the Insurance ― specific transactions and Exemption ― insurance ― brokers and agents guidance notes.Is insurance exempt from VAT?Supplies of

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