NEWS

The CIOT and ATT are both reporting problems with Class 2 NICs incorrectly being included in SA302 tax calculations for 2024/25. Members of both bodies have found that, individuals who do not need to pay Class 2 NICs (in line with the most recent...

HMRC have published the outcome of research they commissioned into the effects of salary sacrifice arrangements on occupational pension schemes. The research, carried out by IFF Research on behalf of HMRC, looked at employer views and behaviours in...

The Land and Buildings Transaction Tax (Group Relief and Sub-sale Development Relief Modifications) (Scotland) Order, SSI 2025/158, aims to ensure that land and buildings transaction tax group relief is available for non-partition demergers. The...

HMRC have confirmed that letters have now been sent out to those who have been affected by the loan charge, including those whose arrangements are likely to fall within the scope of the ongoing independent review, led by Ray McCann. The letters are...

HMRC have published the latest quarterly update to the advisory fuel rates, used where employers reimburse employees for business travel in their company cars (or require employees to repay the cost of fuel used for private travel). The new rates,...

Having recently confirmed its intention to review eligibility for winter fuel payments, the UK Government will now need to come up with a new method for assessing who should receive the payments – unless it decides simply to reinstate the payments on...

The OECD has updated some of its transfer pricing country profiles reflecting the most recent domestic legislation and practices across 11 jurisdictions, and profiles for Azerbaijan and Pakistan have been published for the first time. The updates...

The US Budget Reconciliation Bill includes proposals for retaliatory measures against jurisdictions which are deemed to have ‘unfair foreign tax’ which from a UK perspective will include the digital services tax, diverted profits tax or undertaxed...

HMRC have updated their internal guidance on tribunal anonymity applications, suggesting that orders should only be granted where ‘strictly necessary’ and ‘where proportionate on a case-by-case basis’. The guidance, set out in HMRC’s Appeals Reviews...

Responding to HMRC’s consultation, Enhancing HMRC’s ability to tackle tax advisers facilitating non-compliance, the CIOT welcomes recognition that ‘most tax advisers are competent and adhere to professional standards’ and ‘add value to the tax system...