NEWS

HMRC and the Department for Business and Trade (DBT) have jointly launched a 12-week consultation on electronic invoicing, which the UK government hopes will reduce paperwork for businesses and enhance productivity. E-invoicing will be particularly...

The Social Security (Contributions) (Amendment) Regulations, SI 2025/144, impose a new reporting requirement for employers which operate in designated special tax sites within a freeport or investment zone, and claim the zero rate of secondary Class...

The financial thresholds for determining the size of a company under the off-payroll working rules are set to increase from 6 April 2025. The substantive changes to the turnover and balance sheet thresholds were made by SI 2024/1303 to Part 15 of the...

HMRC have issued updated guidance on applications to pay voluntary NICs when abroad. The section which had noted that individuals should apply by post if they had previously paid three years of social security contributions in certain other countries...

The Landfill Disposals Tax (Tax Rates) (Wales) (Amendment) Regulations, SI 2025/152, specify the following rates of landfill disposals tax in Wales from 1 April 2025: standard rate: £126.15 per tonne; lower rate: £6.30 per tonne; and unauthorised...

Responding to HMRC’s review of double tax treaty priorities for 2025/26, the CIOT has again called for renegotiation of agreements with EU member states, to replicate the benefits lost when the UK left the EU – particularly in terms of the Interest...

Report Stage in the House of Commons has been scheduled for Monday 3 March 2025. This is the final stage at which amendments can be made to the Bill. The government is expected to bring forward changes to Sch 10 on the temporary repatriation...

HMRC have published a GAAR Advisory Panel opinion dated 29 October 2024, on further arrangements which sought to use the creation and transfer of pension obligations. In this particular set of circumstances, pension benefits were awarded to two...

This edition includes updates on the following: End of year reporting: employers are reminded to prepare for end-of-year reporting, including the final Full Payment Submission (FPS) or Employer Payment Summary (EPS) by 5 April 2025. New online forms...

‘Take the hassle out of your side hustle’, say HMRC, launching their new campaign to provide greater clarity around the tax treatment where individuals have more than one source of trading income. HMRC have also issued a themed press release aimed...