NEWS

HMRC’s Employment Related Securities Bulletin 54 (February 2024) reminds businesses to familiarise themselves with a rule change coming in from 6 April 2024. For Enterprise Management Incentives (EMI) options granted on or after that date, companies...

HMRC are consulting on draft regulations which will make changes to the way pension input amounts are calculated for some defined benefit public service pension schemes. Specifically, this deals with the situation where an individual has pensionable...

Individuals may be able to pay voluntary Class 2 or voluntary Class 3 NICs for periods abroad, as long as they meet certain eligibility criteria.HMRC’s CF83 guidance has been updated to confirm that individuals may be able to make voluntary...

Employers will be keen to review the forthcoming changes to statutory paternity leave and pay from 6 April 2024. The UK government intends to introduce a package of reforms, to increase flexibility for those who are eligible to take statutory...

HMRC has updated VAT Notice 708/6 on installing energy-saving materials and grant-funded heating equipment. The revised Notice confirms the extension, from 1 February 2024, of relief for energy-saving materials to include installations in buildings...

HMRC have added the ‘synthesised’ version of the UK’s double taxation agreement with Norway to its tax treaties collection. This is the text of the 2013 UK-Norway Double Taxation Convention as modified by the OECD BEPS Multilateral Instrument. The...

The Finance Bill passed report stage in the House of Commons on 5 February 2024. The government had proposed several amendments and all were passed and have now been included in the final version of the Bill.It is worth noting that New Clause...

HMRC have published an update on its investigations concerning the corporate criminal offence of the failure to prevent the facilitation of tax evasion. As at 1 January 2024, there are currently 11 live CCO investigations, although no charging...

HMRC’s latest Stakeholder Digest (30 January 2024) picks up on a joint campaign by HMRC and the Advertising Standards Authority to clamp down on advertisements which could mislead ineligible individuals and businesses into claiming tax refunds or...

HMRC have updated its rates and allowances for employers webpage, setting out some of the principal tax rates and allowances, statutory payments and various allowances for the tax year 2024–25. The rates also cover the new National Minimum Wage...