NEWS

Tax Journal thanks its authors for MarchClick on the links below to view author profiles:Helen Adams (BDO) - Reforming tax dispute processes: HMRCs call for evidencePaul Aplin OBE (former ICAEW President) - Raising standardsJenny Doak (Weil,...

This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors. 

Finance (No. 2) Bill 2024 was published on 13 March 2024 and runs to 24 substantive clauses with no schedules. The Bill will reimpose the annual taxes (to ensure income tax and corporation tax can continue to be charged and collected) and includes...

The Income Tax (Pay As You Earn) (Amendment) (No. 2) Regulations, SI 2024/355, enable HMRC to set off tax already paid by a worker or intermediary against the PAYE liability of the deemed employer where the off-payroll rules had not been applied...

The Designation of Special Tax Sites (Liverpool City Region, West Midlands and North East Investment Zones) Regulations, SI 2024/383, designate new special tax sites in the respective three investment zones. Each of the designations has effect from 8...

The government has confirmed that the UK will apply new anti-avoidance rules in respect of the Pillar Two transitional country-by-country reporting (CbCR) safe harbour from 14 March 2024 with a view to legislate in a future Finance Bill to ensure...

HMRC have published new general guidance on how to make a claim under the new, merged R&D expenditure credit (RDEC) including the enhanced relief for R&D-intensive SMEs. The new guidance includes a section on the intensity threshold for SME claims,...

New regulations make changes as a result of the removal of the requirement to pay Class 2 NICs, and the decision to treat those with earnings above the small profits threshold as though they had actually paid the contributions (for the purpose of...

The Annual Tax on Enveloped Dwellings (Indexation of Annual Chargeable Amounts) Order, SI 2024/379, sets out the Annual Tax on Enveloped Dwellings (ATED) chargeable amounts for chargeable periods beginning on or after 1 April 2024.The bands (based on...