NEWS

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

The Income Tax (Digital Requirements) (Amendment) Regulations, SI 2024/167 amend the principal MTD regulations (SI 2021/1076) to formally delay the start date of MTD for income tax self-assessment to 6 April 2026 and increase the income thresholds....

The CIOT has responded to HMRC’s consultation on calculating PAYE liabilities in cases of non-compliance for off-payroll working (IR35) which looked at how HMRC could account for taxes already paid by individuals and intermediaries on income received...

The Post Office and Victims of Overseas Terrorism Compensation Scheme (Tax Exemptions and Relief) Regulations, SI 2024/182, exempt the following compensation payments from income tax and capital gains tax:Post Office Process Review (PPR) compensation...

HMRC has published revised advisory fuel rates for journeys in company cars from 1 March 2024 onwards. These are the rates employers can use to reimburse employees for the cost of fuel for business travel in company cars without a benefit in kind...

The Tax Credits (Miscellaneous Amendments) Regulations, SI 2024/176, amend the following tax credits regulations to ensure that the respective payments are not taken into account in the calculation of income for the purposes of eligibility for tax...

The Scottish Landfill Tax (Standard Rate and Lower Rate) Order, SSI 2024/60, sets out the standard and lower rates of Scottish landfill tax for disposals on or after 1 April 2024. The standard rate for disposals will be 103.70 and the lower...

The EU has updated its list of non-cooperative tax jurisdictions for tax purposes. The European Council has removed four jurisdictions – Bahamas, Belize, Seychelles, and Turks and Caicos Islands – from the list of non-cooperative jurisdictions. 12...

Finance Act 2024 received royal assent on Thursday 22 February 2024. It is worth noting the addition of a new clause, and consequent renumbering of the Bill during the final stages in the House of Commons. Section 21 which introduced a new investment...

A new Institute for Fiscal Studies report suggests that the Chancellor should avoid the temptation to announce tax cuts in the Budget on 6 March 2024. Although government borrowing figures have improved since the Office for Budget Responsibility’s...