NEWS

HMRC have published new guidance on converting Class 3 NICs paid by individuals while they were working abroad into Class 2 contributions. The guidance notes that, depending on the tax year in question, the rate of Class 3 contributions may have been...

The Tonnage Tax (Training Requirement) (Amendment etc.) Regulations, SI 2025/1007, increase, with effect from 1 October 2025, both the rate for payments in lieu of maritime training within the tonnage tax regime, from £1,421 to £1,705, and the higher...

The Economic Crime and Corporate Transparency Act 2023 (Consequential, Incidental and Miscellaneous Provisions) Regulations, SI 2025/1037, make a number of changes consequential on the new central company register reforms introduced by the 2023 Act....

HMRC have published two new guidance notes aimed at operators of digital platforms, aligning with operators’ obligations under the reporting rules. ‘Collect and verify digital platform seller information’ covers details that operators must collect...

The Treasury has opened a new window for voluntary repayments of outstanding Covid support scheme money by recipients who were not entitled to it. The new repayment scheme is said to run until December 2025. All Covid schemes, including loans,...

The CIOT has set out the following compliance reminders for members, as suggested by HMRC, ahead of the 5 October deadline for notifying HMRC of untaxed income for 2024/25: reactivating accounts: where a client has previously been in self-assessment...

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

The Treasury has published a new ‘interim report’ ahead of the Autumn Budget on 26 November 2025, summarising the Government’s findings since publication of its 2024 discussion paper which set out priority areas for reform of the business rates...

Responding to the draft legislation which sets out the Government’s proposed changes to IHT agricultural and business property reliefs, as announced at Autumn Budget 2024, the CIOT remains critical, highlighting a pattern of unintended complexity...

The CIOT and ATT have responded to consultations on the 21 July 2025 (‘Legislation Day’) draft legislation covering the following areas, all of which will be important reading for practitioners. Modernising and mandating tax adviser registration with...