NEWS

HMRC have opened 14 investigations for suspected underpayments of the energy profits levy by oil and gas companies, reports Pinsent Masons. Jake Landman, Partner and tax disputes specialist at the firm said: ‘The Energy Profits Levy is an extremely...

The First-tier Tribunal has revised its guidance on the preparation of PDF bundles that was first published in 2021. The 2025 version sets out an exhaustive list of the types of documents that should appear in the bundle, and adds the following key...

Scottish Finance Secretary Shona Robison has confirmed that the Scottish Parliament has approved the Scottish Government’s 2025/26 Budget. At the Budget, changes were announced to Scottish income tax thresholds. The Scottish Income Tax Rate...

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

The Government has released a (potentially first) batch of amendments to Finance Bill 2025 to be taken at report stage in the House of Commons on Monday 3 March 2025. The amendments are as follows: Clause 26: TV and film Audio-Visual Expenditure...

From 17 February 2025, local authorities can begin introducing 40% business rate relief schemes for film studios in England. This was part of a package of further support for the UK’s creative industry sectors announced by the previous government at...

HMRC have issued revised advisory fuel rates for journeys in company cars from 1 March 2025. The rates are used where employers either reimburse employees for business travel in their company cars or require employees to repay the cost of fuel used...

The Scottish Landfill Tax (Standard Rate and Lower Rate) Order, SSI 2025/41, specifies that the standard rate is £126.15 and the lower rate is £4.05 from 1 April 2025. The Scottish Landfill Tax (Standard Rate and Lower Rate) Order, SSI 2024/60, which...

The UK government has signed its first Double Taxation Convention with Andorra. The Convention, which was signed in London on 20 February 2025, includes rules on the exchange of information and a mutual agreement procedure for solving disputes. It...

Mark Drakeford MS, Cabinet Secretary for Finance and Welsh Language has tabled the Welsh Government’s Final Budget for 2025/26. The Final Budget debate and vote will take place in the Senedd on 4 March 2025. ...