NEWS

In an update to its guidance, HMRC have confirmed that SDLT higher-rate refund applications can be made by either the main buyer of the property or an agent acting on their behalf. Agents will need a signed letter of consent to act and a covering...

Tax Journal thanks its authors for February (click on links below to view author profiles and access their contributions):Arun Advani and Andy Summers - Introducing CenTax: anewtax research centrePaul Aplin OBE - Map makingJack Bonehill -...

The Chancellor of the Exchequer, Rachel Reeves, announced in the Autumn Budget on 30 October 2024 that two major reliefs from inheritance tax (IHT), Agricultural Property Relief (APR) and Business Property Relief (BPR) would be significantly...

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

HMRC have launched a technical consultation, as promised at Autumn Budget 2024, on the proposed reforms to IHT agricultural property relief and business property relief from 6 April 2026, with transitional provisions for transfers made before this...

Finance Bill 2025 passed Report Stage on 3 March 2025 and was given its third reading – completing the House of Commons stages. The Bill was next expected to be reprinted, incorporating the Government amendments, before moving to the House of Lords...

The House of Lords has passed several amendments to the National Insurance Contributions (Secondary Class 1 Contributions) Bill which seek to reverse the proposed increase in the secondary Class 1 rate and the reduction in the secondary threshold....

The Co-ownership Contractual Schemes (Tax) Regulations, SI 2025/200, provide the tax rules for the Reserved Investor Fund (RIF), a new type of investment fund, and make associated changes for co-ownership authorised contractual schemes (CoACS). The...

The Income Tax (Exemption of Scottish Adult Disability Living Allowance) Regulations, SI 2025/212, add Scottish Adult Disability Living Allowance to the list of social security benefits which are exempt from income tax set out in ITEPA 2003 s 677....

The OECD has published a consolidated report which incorporates the agreed materials on Amount B released by the Inclusive Framework between February and December 2024. In 2021 the OECD agreed a simplified and streamlined approach to applying the...