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Consultation on Welsh land transaction tax reliefs

The Welsh Government has launched a consultation on proposed changes to land transaction tax relief (LTT) reliefs in Wales. These include proposals to abolish land transaction tax multiple dwellings relief (MDR).

16 Apr 2024 00:00 | Published by a Tolley Personal Tax expert

Isle of Man Tax treaties - MOU published

HMRC has published a memorandum of understanding (MOU) concerning mutual agreement procedure under the 2018 Isle of Man-United Kingdom income and capital gains tax agreement.

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

Revenue and Customs Brief 4 (2024): Interpretation of VAT and excise law from 1 January 2024

The Government have issued a new brief which explains how VAT and excise legislation should be interpreted from 1 January 2024.

15 Apr 2024 00:00 | Published by a Tolley Value Added Tax expert

Weekly roundup of HMRC import, export and customs guidance: 15 April 2024

Details of updates to HMRC import, export and customs guidance for the period from 8 April 2024 to 15 April 2024.

15 Apr 2024 00:00 | Published by a

CIOT update on the Pandora Papers

The CIOT has advised that, following continued risking of the Pandora Papers data, a further tranche of letters is being issued by HMRC to some wealthy individuals from the week commencing 8 April 2024, and they will include an extended response period of 60 days.

15 Apr 2024 00:00 | Published by a Tolley Corporation Tax expert

Tax news roundup: 15 April 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.

15 Apr 2024 00:00 | Published by a

Opinion of Advocate General on UK’s CFC rules delivered on 11 April 2024

On 11 April 2024, Advocate General (AG) Laila Medina recommended that the Court of Justice set aside the judgment of the General Court and annul the European Commission’s decision that the design of the UK’s group financing exemption (GFE) in Chapter 9 of

15 Apr 2024 00:00 | Published by a

Weekly Roundup HMRC Manuals: 15 April 2024

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

15 Apr 2024 00:00 | Published by a Tolley Corporation Tax expert

Abolition of the FHL regime: CIOT supports statutory test on trading vs investment

The CIOT has submitted views on the UK government’s proposal to abolish the furnished holiday lettings tax regime from April 2025.

12 Apr 2024 00:00 | Published by a Tolley Owner-Managed Businesses expert

VAT DIY builders scheme: evidence to substantiate claims

HMRC has published a new template for the recording of supporting information for VAT refund claims under the DIY housebuilder scheme.

12 Apr 2024 00:00 | Published by a Tolley Value Added Tax expert

HMRC confirms availability of capital-raising exemption from 1.5% stamp duty and SDRT charge

HMRC has made an amendment to its Stamp Taxes on Shares Manual (at

10 Apr 2024 00:00 | Published by a

Tax news roundup: 8 April 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.

08 Apr 2024 00:00 | Published by a

Updated guidance: CWG2: further guide to PAYE and National Insurance contributions

HMRC has published an update to its 2024-2025 guide to PAYE and National Insurance contributions.

08 Apr 2024 00:00 | Published by a Tolley Employment Tax expert

Weekly Roundup HMRC Manuals: 8 April 2024

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

08 Apr 2024 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC import, export and customs guidance: 8 April 2024

Details of updates to HMRC import, export and customs guidance for the period from 2 April 2024 to 8 April 2024.

08 Apr 2024 00:00 | Published by a

HMRC issues new guidance on penalties for MTD volunteers

HMRC has published new guidance on the late-filing and late-payment penalties which will apply for those who sign up to Making Tax Digital for Income Tax Self-Assessment on a voluntary basis.

05 Apr 2024 00:00 | Published by a Tolley Owner-Managed Businesses expert

Pensions Schemes Newsletter: April 2024

HMRC has published Pensions Schemes Newsletter 158 for April 2024.

05 Apr 2024 00:00 | Published by a Tolley Employment Tax expert

SI 2024/451 The Pension Schemes Act 2021 (Commencement No. 8 and Transitional Provisions) Regulations 2024

These Regulations bring into force provisions of the Pension Schemes Act 2021. These are the eighth commencement regulations to be made under the Act.

04 Apr 2024 00:00 | Published by a Tolley Employment Tax expert

HMRC Stakeholder Digest: 3 April 2024

HMRC has published its latest Stakeholder Digest (3 April 2024).

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

SI 2024/106 The Social Security Up-rating (Scotland) Order 2024

This Order is made to provide for an increase in the rates of various benefits, including carer’s allowance, attendance allowance, disability living allowance, industrial injuries disablement benefit, industrial death benefit, severe disablement allowance, and personal independence payment.

03 Apr 2024 00:00 | Published by a Tolley Employment Tax expert

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Enterprise investment scheme tax relief

Enterprise investment scheme tax reliefOverview of EIS tax reliefsThe enterprise investment scheme (EIS) offers significant tax reliefs to encourage individuals to invest money in qualifying shares issued by qualifying unquoted companies. The scheme is designed to encourage investment in small,

14 Jul 2020 11:36 | 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

Tax on UK resident beneficiaries of non-resident trusts ― overview

Tax on UK resident beneficiaries of non-resident trusts ― overviewIntroductionUK resident beneficiaries of non-resident trusts are subject to UK tax on payments or benefits received from the trust. They are liable for income tax on income distributions from the trust and they may also be liable to

14 Jul 2020 13:47 | Produced by Tolley Read more Read more