NEWS

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

The government has welcomed a report published by the Independent Expert Panel on Corporate Re-domiciliation (appointed by the Department for Business) which sets out proposals for a framework for a UK corporate re-domiciliation regime, and has said...

HMRC have added new guidance to their Employee Tax Advantages Share Scheme User Manual (ETASSUM) in respect of the Enterprise Management Incentives scheme independence requirement, covering the meaning of control and how to apply the...

Alongside other general updates, HMRC’s Employer Bulletin for October 2024 confirms that the requirement for employers to report more detailed employee hours data through PAYE real time information returns will be delayed until April 2026 at the...

The Designation of Special Tax Sites (Celtic Freeport) Regulations, SI 2024/1035, designate certain areas within the ports of Milford Haven and Port Talbot, which together form the Celtic Freeport as special tax sites with effect from...

Further to the publication of the Employment Rights Bill, the UK government has released the following for consultation, under the general heading of Making Work Pay:Collective redundancy and fire and rehire: looking at measures to...

The Welsh government has published the Legislation (Procedure, Publication and Repeals) (Wales) Bill which will, among various administrative changes, make minor amendments to the Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act...

HMRC have updated their recent briefing on the process for claiming PAYE employment expenses from 14 October 2024 (via the P87) to clarify the position on homeworking expenses for earlier tax years. The updated briefing outlines the evidence required...

The Independent Expert Panel on Corporate Re-domiciliation (appointed by the Department for Business) has published a report setting out proposals for a framework for a UK corporate re-domiciliation regime. The panel ‘strongly supports the...

In response to a CIOT submission seeking clarification on the meaning of ‘ordinary share capital’ with respect to fixed-rate shares, HMRC have confirmed that whether shares are cumulative or not has no bearing on whether they carry a dividend at a...