The Income Tax (Pay As You Earn) (Amendment) (No. 2) Regulations, SI 2024/355, enable HMRC to set off tax already paid by a worker or intermediary against the PAYE liability of the deemed employer where the off-payroll rules had not been applied...
The Designation of Special Tax Sites (Liverpool City Region, West Midlands and North East Investment Zones) Regulations, SI 2024/383, designate new special tax sites in the respective three investment zones. Each of the designations has effect from 8...
The government has confirmed that the UK will apply new anti-avoidance rules in respect of the Pillar Two transitional country-by-country reporting (CbCR) safe harbour from 14 March 2024 with a view to legislate in a future Finance Bill to ensure...
HMRC have published new general guidance on how to make a claim under the new, merged R&D expenditure credit (RDEC) including the enhanced relief for R&D-intensive SMEs. The new guidance includes a section on the intensity threshold for SME claims,...
New regulations make changes as a result of the removal of the requirement to pay Class 2 NICs, and the decision to treat those with earnings above the small profits threshold as though they had actually paid the contributions (for the purpose of...
The Annual Tax on Enveloped Dwellings (Indexation of Annual Chargeable Amounts) Order, SI 2024/379, sets out the Annual Tax on Enveloped Dwellings (ATED) chargeable amounts for chargeable periods beginning on or after 1 April 2024.The bands (based on...
The Individual Savings Account (Amendment) Regulations, SI 2024/350, update the principal ISA Regulations, SI 1998/1870, to make the following key changes with effect from 6 April 2024:individuals will be able to subscribe for more than one ISA of...
The Pensions (Abolition of Lifetime Allowance Charge etc) Regulations, SI 2024/356, amend Finance Act 2024 Sch 9 with the intention of ensuring the new legislation, which abolished the lifetime allowance and made wide-ranging consequential changes,...
The Landfill Disposals Tax (Tax Rates) (Amendment) and Tax Collection and Management (Wales) Act 2016 (Miscellaneous Amendments) (Wales) Regulations, SI 2024/367, provide the following rates of landfill disposals tax for taxable disposals made on or...
The European Commission has launched a consultation to review the implementation of the Directive on Tax Dispute Resolution Mechanisms or DRM (Directive (EU) 2017/1852). New rules came into force on 1 July 2019 that sets out the EU’s framework to...
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