NEWS

HMRC have launched a new interactive tool Check if you need to use Making Tax Digital for Income Tax intended to help taxpayers establish whether they are in scope of the new regime. The tool follows the basic principles that those within...

Companies House has published an ‘indicative timeline’ for implementation of key provisions of the Economic Crime and Corporate Transparency Act 2023 which will reform its role and improve transparency across UK companies and other legal entities....

HMRC’s Spotlight 65 General Data Protection Regulation (GDPR) provision used to reduce tax liability warns that some tax agents are offering advice to businesses on how to reduce their corporation tax liability by claiming a deduction for a GDPR...

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

HMRC have updated guidance in their Employment Related Securities Manual to take into account the Supreme Court’s decision in Vermilion [2023] UKSC 37 on the application of the deeming provision in the ERS rules. In that case, the SC held that the...

Published on 10 October 2024, the Employment Rights Bill sets out various protections for workers, including restricting zero-hours contracts and extending some existing employment rights from day one of employment, and makes various changes to the...

Two new Regulations set out conditions for the enhanced rate of AVEC and the date from which applications for low-budget certificates can be made.The Corporation Tax (Certification as Low-Budget Film) Regulations, SI 2024/1009, set out the budget...

As had been expected, Regulations have now been made to allow fractional shares to be held within an ISA. The Individual Savings Account (Amendment) (No. 2) Regulations, SI 2024/1022, provide that certain defined fractional interests are qualifying...

The Pensions (Abolition of Lifetime Allowance Charge etc) (No. 2) Regulations, SI 2024/1012, are designed to correct the substantive legislation which abolished the lifetime allowance. The changes cut across much of that legislation, together with...

HMRC have issued a reminder of the 5 April 2025 deadline for the extended period for individuals to make voluntary contributions to fill gaps in their NICs record relating to tax years between 6 April 2006 and 5 April 2018....