NEWS

HMRC’s Stakeholder Digest (January 2025) confirms that there will be no late filing penalties for anyone still waiting for HMRC to provide an overlap relief figure for basis period reform on 31 January 2025. If taxpayers have applied on or before the...

HMRC have updated ‘Find out if and when you need to use Making Tax Digital for Income Tax’ to confirm the following: the tool will not ask about foreign income: taxpayers with foreign income should refer to ‘Work out your qualifying income for MTD...

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

HMRC are inviting views from users on their statistics publications and proposed changes to enable them to continue to produce relevant statistics that meet users’ needs. The consultation closes 10 April 2025....

The Government launched its further independent review of the loan charge on 23 January, announcing in a Written Ministerial Statement that Ray McCann, former CIOT President, would lead the review. James Murray, Exchequer Secretary to the Treasury,...

The Public Bill Committee was scheduled to begin its scrutiny of Finance Bill 2025 on Tuesday 28 January 2025, considering a raft of Government amendments which had been put forward in two batches. The first tranche, issued on 19 December 2024,...

The Land Transaction Tax (Modification of Special Tax Sites Relief) (Wales) Regulations, SI 2025/54, amend the Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 Sch 21A para 2 to extend the relief from land transaction tax...

The Welsh Government has confirmed that it will end charitable business rates relief for some fee-charging schools with effect from 1 April 2025, subject to approval by the Senedd.The policy decision here is to bring independent schools with...

The Income Tax (Indexation of Blind Person’s Allowance and Married Couple’s Allowance) Order, SI 2025/53, increases the following amounts:blind person’s allowance from £3,070 to £3,130;the minimum amount for married couple’s allowance from £4,280 to...

The Neonatal Care (Leave and Pay) Act 2023 (Commencement No 2) Regulations, SI 2025/41, bring into force, on 17 January 2025, the provisions of the 2023 Act not already in force. The Act is significant in that it sets out the statutory framework for...