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SI 2025/53 The Income Tax (Indexation of Blind Personā€™s Allowance and Married Coupleā€™s Allowance) Order 2025

This Order fulfils the indexation requirements in section 57 (indexation of allowances) of the Income Tax Act 2007 (ITA 2007) in respect of blind personā€™s allowance and married coupleā€™s allowance, which are increased by reference to the Consumer Price Index.

22 Jan 2025 00:00 | Published by a Tolley Personal Tax expert

Pensions schemes newsletter 166 ā€” January 2025

HM Revenue and Customs (HMRC) has published Pensions schemes newsletter 166 for January 2025

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

SI 2025/51 The Income Tax (Indexation of Qualifying Care Relief Amounts) Order 2025

This Order fulfils the indexation requirements in section 828A (indexation of the fixed amount and the amount per adult and child) of the Income Tax (Trading and Other Income) Act 2005 (IT(TOI)A 2005) in respect of qualifying care relief amounts, which are increased by reference to the consumer price index.

22 Jan 2025 00:00 | Published by a Tolley Personal Tax expert

DWP concludes annual statutory review of AE thresholds for 2025 to 2026 financial year

Department for Work and Pensions (DWP) has concluded its annual statutory review of the Automatic Enrolment (AE) thresholds for the 2025 to 2026 financial year

22 Jan 2025 00:00 | Published by a Tolley Employment 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 ā€œThe Tax Administration Framework Review: New ways to tackle non-complianceā€. The response addresses various proposals aimed at improving tax compliance and administration.

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

CIOT response: Simplifying the Taxation of Offshore Interest

The CIOT has published its response to the HMRC consultation on ā€œSimplifying the Taxation of Offshore Interestā€. The response addresses the complexities and potential solutions for taxing overseas investment income.

21 Jan 2025 00:00 | Published by a Tolley Owner-Managed Businesses expert

Weekly Roundup HMRC Manuals: 20 January 2025

20 January 2025 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors

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

New and updated MTD notices

HMRC has published a new notice on digital record keeping for Making Tax Digital for Income Tax. It has also updated the notice on the information to be submitted with details about the quarterly update information that must be provided by a relevant person with property income and profits from a jointly let property.

20 Jan 2025 00:00 | Published by a Tolley Owner-Managed Businesses expert

Tax news roundup: 20 January 2025

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.

20 Jan 2025 00:00 | Published by a

Weekly roundup of HMRC import, export and customs guidance: 20 January 2025

Details of updates to HMRC import, export and customs guidance for the period from 14 to 20 January 2025.

20 Jan 2025 00:00 | Published by a

SI 2025/41 The Neonatal Care (Leave and Pay) Act 2023 (Commencement No. 2) Regulations 2025

Certain provision of the Neonatal Care (Leave and Pay) Act 2023 (the 2023 Act) come into force on 17 January 2025.

20 Jan 2025 00:00 | Published by a Tolley Employment 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

New HMRC guidance: Help with labour supply chain assurance

HMRC has published GfC12 guidelines ā€˜Help with labour supply chain assuranceā€™.

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

OECD global minimum tax update: Release of compilation of qualified legislation and information filing and exchange tools

The Inclusive Framework on Base Erosion and Profit Shifting (BEPS) has released a compilation of qualified domestic rules and tools to streamline the administration of the global minimum tax.

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

Updated guidance: Use Making Tax Digital for Income Tax 2025

The guidance on ā€œFinalise your income tax positionā€ has been updated.

16 Jan 2025 00:00 | Published by a Tolley Owner-Managed Businesses expert

Pillar One Update from the Co-Chairs of the Inclusive Framework on BEPS

The Co-Chairs of the Inclusive Framework on BEPS have provided an update on the progress of Pillar One of the Two-Pillar Solution to address tax challenges arising from the digitalisation of the economy.

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

SI 2025/26 The Free Zone (Customs Site No. 1 Forth) Designation Order 2025

SI 2025/26: This Order is made to designate the Customs Site No 1 Forth as a special area for customs purposes (a ā€˜free zoneā€™) and appoints Forth Ports Limited as the responsible authority for the free zone designated by this Order pursuant to the Treasuryā€™s powers under section 100A of the Customs and Excise Management Act 1979 (CEMA 1979). It has effect for a period of 10 years beginning with 14 January 2025.

14 Jan 2025 00:00 | Published by a

Weekly Roundup HMRC Manuals: 13 January 2025

13 January 2025 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors

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

Tax news roundup: 13 January 2025

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.

13 Jan 2025 00:00 | Published by a

Weekly roundup of HMRC import, export and customs guidance: 13 January 2025

Details of updates to HMRC import, export and customs guidance for the period from 7 to 13 January 2025.

13 Jan 2025 00:00 | Published by a

Popular Articles

Exemption ā€• burial and cremation

Exemption ā€• burial and cremationThis guidance note provides an overview of the VAT treatment of services that are provided in connection with the burial or cremation of human remains.VAT treatmentThe following services are exempt from VAT:ā€¢the disposal of the remains of the deadā€¢making arrangements

14 Jul 2020 11:38 | Produced by Tolley Read more Read more

Self assessment ā€• amendments and corrections

Self assessment ā€• amendments and correctionsOnce a self assessment tax return has been filed, both HMRC and the taxpayer (or the agent) has the right to make changes to the return. There are different time limits depending on whether it is a correction by HMRC or an amendment made by the

14 Jul 2020 13:37 | 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