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SI 2024/247 The Tax Credits, Child Benefit and Guardian’s Allowance Up-rating Regulations 2024

These regulations set the annual rates of Working Tax Credit and Child Tax Credit from 6 April 2024, and the weekly rate of Child Benefit and Guardian’s Allowance from 8 April 2024.

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

CIOT submission: Uncertainties in relation to the application of ESC D32

The CIOT has sent a proactive submission to HMRC on uncertainties in relation to the application of ESC D32 on the incorporation of a business.

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

EPPO reports arrests in €195m VAT fraud across 17 countries

The European Public Prosecutor’s Office (EPPO) has reported that it has arrested 14 individuals believed to have orchestrated a €195m VAT fraud scheme that spanned 17 countries. The EPPO and supporting partners, including Eurojust, Europol, HM Revenue and Customs and relevant European counterparts, carried out over 18 searches involving 680 tax and police investigators. The EPPO has also reported that investigators seized €15.3m worth of smartphones, used to perpetuate the fraud, a yacht worth €3m, around €1.2m in cash and cryptocurrency, luxury cars and jewellery and gold. The countries involved in the investigation were: Albania, Austria, Croatia, Cyprus, Czechia, Estonia, Germany, Hungary, Italy, Malta, the Netherlands, Poland, Portugal, Slovakia, Slovenia, Sweden and the UK.

01 Mar 2024 00:00 | Published by a

Updated HMRC guidance: How the tax system operates for charities

HMRC has updated its guidance on how to register a charity for tax, taxpayer’s obligations, and any reliefs or exemptions available.

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

Updated VAT Notice 723A: Refunds of UK VAT for non-UK businesses

HMRC has updated its VAT notice on claiming a VAT refund in the UK for businesses established outside the UK.

01 Mar 2024 00:00 | Published by a Tolley Value Added Tax expert

Revenue and Customs Brief 1 (2024): Live web streaming of funeral services

HMRC has published a brief on the VAT liability of the live streaming of funeral, burial or cremation services.

01 Mar 2024 00:00 | Published by a Tolley Value Added Tax expert

SI 2024/249 The Social Security (Contributions) (Limits and Thresholds, National Insurance Funds Payments and Extension of Veterans Relief) Regulations 2024

These Regulations give effect to the annual re-rating of various National Insurance contributions rates, limits and thresholds from 6 April 2024.

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

OECD Secretary-General Tax Report to Finance Ministers and Central Bank Governors

The OECD Secretary-General’s Tax Report to Finance Ministers and Central Bank Governors has been published.

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

Updated lifetime allowance guidance newsletter — February 2024

HMRC has updated its recently published lifetime allowance newsletter.

28 Feb 2024 00:00 | Published by a Tolley Employment Tax expert

Scottish Parliament approves the Scottish Budget

The Scottish Parliament has approved the 2024-25 Scottish Budget.

28 Feb 2024 00:00 | Published by a Tolley Corporation Tax expert

Weekly Roundup HMRC Manuals: 26 February 2024

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

26 Feb 2024 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC import, export and customs guidance: 26 February 2024

Details of updates to HMRC import, export and customs guidance for the period from 20 February 2024 to 26 February 2024.

26 Feb 2024 00:00 | Published by a

Tax news roundup: 26 February 2024

In the ever-fast-moving world of tax announcements and developments, this news pulls together some of the key changes announced this week. Our commentary will be updated in due course to reflect these latest developments.

26 Feb 2024 00:00 | Published by a

Pension schemes newsletter 156 ― February 2024

HMRC has published pension schemes newsletter 156.

23 Feb 2024 00:00 | Published by a Tolley Employment Tax expert

SI 2024/187 The Social Security (Contributions) (Amendment) Regulations 2024

These Regulations amend SI 2001/1004 to disregard from earnings three compensation schemes in order to exempt them from Class 1 National Insurance Contributions (NICs).

23 Feb 2024 00:00 | Published by a Tolley Employment Tax expert

SI 2024/182 The Post Office and Victims of Overseas Terrorism Compensation Scheme (Tax Exemptions and Relief) Regulations 2024

These Regulations provide for exemptions from income tax and capital gains tax (CGT) for payments made under three compensation schemes.

23 Feb 2024 00:00 | Published by a Tolley Trusts and Inheritance Tax expert

CIOT response: Calculating PAYE liabilities in cases of non-compliance for off-payroll working (IR35)

The CIOT has responded to HMRC’s consultation on calculating PAYE liabilities in cases of non-compliance for off-payroll working (IR35)

23 Feb 2024 00:00 | Published by a Tolley Employment Tax expert

Company cars: advisory fuel rates from 1 March 2024

HMRC has published revised advisory fuel rates for company cars which apply from 1 March 2024.

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

HMRC Stakeholder Digest - 22 February 2024

HMRC’s latest Digest (22 February 2024) provides short updates on various topics, including changes to the R40 repayment claim form, P87 form, changes to reporting income from self-employment and partnership.

23 Feb 2024 00:00 | Published by a Tolley Employment Tax expert

SI 2024/167 The Income Tax (Digital Requirements) (Amendment) Regulations 2024

These Regulations amend SI 2021/1076 which provide for persons with income from a trade, profession or vocation, or income from a property business, which are chargeable to income tax and exceed a threshold amount to follow the rules for MTD for Income Tax from 6 April 2024.

23 Feb 2024 00:00 | Published by a Tolley Personal Tax expert

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