NEWS

The Government launched its further independent review of the loan charge on 23 January, announcing in a Written Ministerial Statement that Ray McCann, former CIOT President, would lead the review. James Murray, Exchequer Secretary to the Treasury,...

The Public Bill Committee was scheduled to begin its scrutiny of Finance Bill 2025 on Tuesday 28 January 2025, considering a raft of Government amendments which had been put forward in two batches. The first tranche, issued on 19 December 2024,...

The Land Transaction Tax (Modification of Special Tax Sites Relief) (Wales) Regulations, SI 2025/54, amend the Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 Sch 21A para 2 to extend the relief from land transaction tax...

The Welsh Government has confirmed that it will end charitable business rates relief for some fee-charging schools with effect from 1 April 2025, subject to approval by the Senedd.The policy decision here is to bring independent schools with...

The Income Tax (Indexation of Blind Person’s Allowance and Married Couple’s Allowance) Order, SI 2025/53, increases the following amounts:blind person’s allowance from £3,070 to £3,130;the minimum amount for married couple’s allowance from £4,280 to...

The Neonatal Care (Leave and Pay) Act 2023 (Commencement No 2) Regulations, SI 2025/41, bring into force, on 17 January 2025, the provisions of the 2023 Act not already in force. The Act is significant in that it sets out the statutory framework for...

The MPs’, Senedd and Assembly Pension Schemes (Tax) Regulations, SI 2025/52, address the tax consequences of actions taken to remedy certain failures to introduce adequate transitional provision as part of changes to public service pensions affecting...

The Department for Work and Pensions has confirmed that all Automatic Enrolment (AE) thresholds for 2025/26 will be maintained at their 2024/25 levels. The AE earnings trigger will remain at £10,000, the lower earnings limit of the qualifying...

HMRC’s January 2025 newsletter covers the inheritance tax on pensions consultation, tax codes for pensions, pension scheme returns, relief at source, lifetime allowance protection and enhancements, payment update on low earners anomaly, public...

The Treasury has published a final version of the Charter for Budget Responsibility. The Charter sets out a new fiscal framework, as announced at Autumn Budget 2024, with further detail provided in the policy document, A strong fiscal framework.The...