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Weekly roundup of HMRC import, export and customs guidance: 22 July 2024

Details of updates to HMRC import, export and customs guidance for the period from 15 July 2024 to 22 July 2024.

22 Jul 2024 00:00 | Published by a

Budget Responsibility Bill published

The UK government has published a new Bill designed to ensure that announcements of ‘fiscally significant measures’ are subject to an independent assessment from the OBR.

19 Jul 2024 00:00 | Published by a Tolley Corporation Tax expert

Agent update: Issue 121

HMRC has published Agent Update issue 121 (17 July 2024) providing a round-up of recent developments and changes to legislation and allowances relating to UK tax for tax agents and advisers.

18 Jul 2024 00:00 | Published by a Tolley Corporation Tax expert

Land transaction tax reliefs: summary report on consultation responses

The Welsh Government has published a report summarising the responses to the public consultation on land transaction tax reliefs.

18 Jul 2024 00:00 | Published by a

King’s Speech 2024: highlights

Opening the 2024–25 Parliamentary session on 17 July 2024, the King’s Speech set out the UK Government's legislative priorities.

17 Jul 2024 00:00 | Published by a Tolley Corporation Tax expert

Supreme Court disallows investment company’s expenditure on advisory services relating to the sale of a subsidiary because it was capital in nature (Centrica Overseas Holdings v HMRC)

The Supreme Court dismissed the taxpayer’s appeal, deciding that the expenditure on advisory services relating to the sale of a subsidiary was capital in nature. As well as outlining a summary of the decision, this News Analysis also contains commentary from Helen McGhee, partner at Joseph Hage Aaronson LLP.

17 Jul 2024 00:00 | Published by a

CIOT letter to the new Exchequer Secretary to the Treasury

The CIOT has written to the new Exchequer Secretary to the Treasury, James Murray MP, regarding tax issues for the new government.

17 Jul 2024 00:00 | Published by a Tolley Corporation Tax expert

HMRC form P1000 published online

HMRC has published form P1000 regarding death estates online for the first time.

15 Jul 2024 00:00 | Published by a Tolley Trusts and Inheritance Tax expert

Weekly Roundup HMRC Manuals: 15 July 2024

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

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

Tax news roundup: 15 July 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 Jul 2024 00:00 | Published by a

Changes to the use of paper form VAT 484

HMRC has contacted JVCC stakeholders about planned restrictions on the use of the VAT484.

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

WSI 2024/791 The Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 (Amendments to Schedule 5) Regulations 2024

These Regulations amend Schedule 5 of the Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 to extend the 3-year replacement of main residence exception and refund period for higher rates residential property transactions if certain conditions are met.

12 Jul 2024 00:00 | Published by a

New HMRC guidance on Multinational Top-up Tax and the Domestic Top-up Tax

HMRC has published new guidance on Multinational Top-up Tax and the Domestic Top-up Tax.

11 Jul 2024 00:00 | Published by a Tolley Corporation Tax expert

Employer Bulletin: July 2024

HMRC has published its bi-monthly magazine providing the latest information on payroll-related topics for employers and agents.

10 Jul 2024 00:00 | Published by a Tolley Employment Tax expert

HMRC guidance: Employer guides for PAYE and national insurance contributions

HMRC has updated its employer guide to Class 1A National Insurance contributions on benefits in kind, termination payments and sporting testimonial payments (CWG5).

10 Jul 2024 00:00 | Published by a Tolley Employment Tax expert

New HMRC Tool on VAT

HMRC has published a new tool – ‘Check what registering for VAT may mean for your business’

10 Jul 2024 00:00 | Published by a Tolley Value Added Tax expert

Tax news roundup: 8 July 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 Jul 2024 00:00 | Published by a

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

Details of updates to HMRC import, export and customs guidance for the period from 1 July 2024 to 8 July 2024.

08 Jul 2024 00:00 | Published by a

Weekly Roundup HMRC Manuals: 8 July 2024

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

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

Tax news roundup: 1 July 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.

01 Jul 2024 00:00 | Published by a

Popular Articles

Foreign tax relief

Foreign tax reliefIncome and gains may be taxable in more than one country. The UK has three ways of ensuring that the individual does not bear a double burden:1)treaty tax relief may reduce or eliminate the double tax2)if there is no treaty, the individual can claim ‘unilateral’ relief by deducting

14 Jul 2020 11:44 | Produced by Tolley Read more Read more

Allowable deductions for employee-related expenses

Allowable deductions for employee-related expensesThis guidance note covers the tax treatment of some common types of trading expenditure relating to employees. Some of these are disallowable under general principles, for example the wholly and exclusively test or capital versus revenue expenditure.

14 Sep 2022 09:49 | Produced by Tolley Read more Read more

Ministers of religion

Ministers of religionMost ministers of religion or members of the clergy are either office-holders or employees and so their earnings are taxable under ITEPA 2003 as employment income and are subject to Class 1 National Insurance.For the purposes of the tax system, a minister does not have to belong

14 Jul 2020 12:14 | Produced by Tolley Read more Read more