NEWS

Following the 2024 consultation, the UK Government has decided to proceed with the additional requirements to report self-employment start and end dates, and for directors of owner-managed businesses to include various extra details, in the...

The Retained EU Law (Revocation and Reform) Act 2023 (Consequential Amendments) Regulations, SI 2025/82, amend or revoke various provisions of subordinate legislation and assimilated direct legislation in consequence of the following provisions of...

The Government’s proposal to subject inherited pension death benefits to IHT is fraught with practical difficulties and is likely to cause delays, increased costs and frustration for beneficiaries, according to the CIOT. In its response to the HMRC...

The UK is suspending the Russia and Belarus Double Tax Treaties from April 2025. Both countries had previously suspended material provisions of their Double Taxation Conventions with the UK and have not responded to the UK request to come back into...

A revised version of the Finance Bill has been published following completion of committee stage for the Bill. The date for report stage is yet to be announced.In the committee debate, Exchequer Secretary James Murray stated: ‘The Government will...

In its latest ‘one to many’ letter campaign, HMRC are writing to offshore corporates who owned UK residential property over £500,000 but were registered and reported consecutive losses on their self-assessment returns from their property rental...

HMRC’s Stakeholder Digest (January 2025) confirms that there will be no late filing penalties for anyone still waiting for HMRC to provide an overlap relief figure for basis period reform on 31 January 2025. If taxpayers have applied on or before the...

HMRC have updated ‘Find out if and when you need to use Making Tax Digital for Income Tax’ to confirm the following: the tool will not ask about foreign income: taxpayers with foreign income should refer to ‘Work out your qualifying income for MTD...

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

HMRC are inviting views from users on their statistics publications and proposed changes to enable them to continue to produce relevant statistics that meet users’ needs. The consultation closes 10 April 2025....