NEWS

The Landfill Disposals Tax (Tax Rates) (Wales) (Amendment) Regulations, SI 2025/152, specify the following rates of landfill disposals tax in Wales from 1 April 2025: standard rate: £126.15 per tonne; lower rate: £6.30 per tonne; and unauthorised...

Responding to HMRC’s review of double tax treaty priorities for 2025/26, the CIOT has again called for renegotiation of agreements with EU member states, to replicate the benefits lost when the UK left the EU – particularly in terms of the Interest...

Report Stage in the House of Commons has been scheduled for Monday 3 March 2025. This is the final stage at which amendments can be made to the Bill. The government is expected to bring forward changes to Sch 10 on the temporary repatriation...

HMRC have published a GAAR Advisory Panel opinion dated 29 October 2024, on further arrangements which sought to use the creation and transfer of pension obligations. In this particular set of circumstances, pension benefits were awarded to two...

This edition includes updates on the following: End of year reporting: employers are reminded to prepare for end-of-year reporting, including the final Full Payment Submission (FPS) or Employer Payment Summary (EPS) by 5 April 2025. New online forms...

‘Take the hassle out of your side hustle’, say HMRC, launching their new campaign to provide greater clarity around the tax treatment where individuals have more than one source of trading income. HMRC have also issued a themed press release aimed...

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

HMRC have said they will reverse their approach on the targeted anti-avoidance rule (TAAR) under the salaried members rules (ITTOIA 2005 ss 863A863G), as announced in February 2024, in which the department said they would apply the TAAR where...

The Designation of Special Tax Sites (East Midlands Investment Zone) Regulations, SI 2025/111, designate special tax sites within, or connected to, the East Midlands Investment Zone, with effect from 26 February 2025. Tax reliefs available in...

The bonus rates for Save As You Earn (SAYE) share option schemes have been reduced with effect from 21 February 2025 following the cut in the Bank of England base rate to 4.5%. ...