NEWS

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....

HMRC have published the following guidance notes:How employment related securities work if you're an employer: new basic guidance setting out the tax-advantaged share schemes, also noting the revised reporting deadline for notifying HMRC of the grant...

HMRC have issued new guidance for education providers on the implications of VAT registration, following the introduction of VAT on private school fees. This is basic guidance covering institutions which must register for VAT and provides examples...

The Budget Responsibility Act 2024 (Commencement) Regulations, SI 2024/1026, bring section 1 of the Budget Responsibility Act 2024 into force on 15 October 2024. Section 1 of the Act is the only substantive provision, and requires requiring the...

HMRC have confirmed to the Low Incomes Tax Reform Group (LITRG) that the 2023/24 tax return form on gov.uk can be downloaded, printed and submitted by the 31 October deadline for paper returns. This means those who prefer to file a paper tax return...

Digital transformation expert Mike Bracken, and tax specialist and former OTS Tax Director Bill Dodwell, have been appointed as non-executive directors to the Board of HMRC. ...

The five most common reasons for calls to HMRC’s self-assessment helpline can all be dealt with quickly online, say HMRC. HMRC’s press release provides background, but also links directly through to the relevant online guidance to address these top...