NEWS

HMRC have issued new basic guidance to help taxpayers check whether they need to declare property income. The guidance links to a new interactive tool which can be used to check the position in various common rental scenarios, and also covers income...

The Welsh government has published the draft Land Transaction Tax (Relief for Special Tax Sites) (Wales) Regulations 2024 which (assuming they are approved) will formally set out the relief from land transaction tax for qualifying transactions of...

The Social Security (Scotland) Act 2018 (Disability Assistance) (Consequential Modifications) Order, SI 2024/1048, makes various changes to existing legislation to reflect the introduction of Pension Age Disability Payment (PADP) which is to replace...

The government of Jersey has announced that, for accounting periods starting on or after 1 January 2025, in-scope Jersey companies and branches of multinational groups will pay an effective rate of 15% on their Jersey profits under the new...

The OECD Secretary-General Tax Report to the G20 in Brazil sets out developments in international tax reform since July 2024, including on Pillars One and Two. The report says that the text of the Multilateral Convention for Pillar One has...

HMRC have decided to disband the Joint Forum on Expatriate Tax and NICs (the Expat Forum), informing members that the groups effectiveness has reduced with an increasingly long list of unresolved issues and suggesting that many...

The GAAR Advisory Panel has issued an opinion on arrangements which sought to reward a companys director in a way that would not be any form of remuneration. This involved creating an obligation to make pension payments to the...

The CIOT has published its response to the Tribunal Procedure Committee consultation on possible changes to the procedure rules concerning the provision of written reasons for decisions and other case management measures. Key points from the response...

HMRCs Pension Schemes Newsletter for October 2024 provides a useful summary of the following two sets of Regulations which make technical changes to the lifetime allowance abolition legislation:Pensions (Abolition of Lifetime Allowance Charge...

HMRCs latest Agent Update includes the following points of particular interest for practitioners:Agent Dedicated Line: summary of the changes from 7 October 2024, including a combined helpline for self-assessment and PAYE queries.Basis period...