NEWS

The Budget Responsibility Bill received royal assent on 10 September. The legislation requires the government to request a forecast from the OBR before it makes fiscally significant announcements, other than those that are temporary in...

The Court of Justice of the European Union has overturned the General Courts 2020 ruling in theAppleState Aid case.The decision reinstates the European Commissions 2016 ruling that Ireland provided illegal State Aid to...

The Chancellor has confirmed that the government will outline a business tax roadmap at the Budget on 30 October.At her first Treasury Questions as Chancellor, Rachel Reeves said investment is at the heart of this...

The Finance Act 2024, Section 11 (Extension of Enterprise Investment Scheme Relief and Venture Capital Trusts Relief) (Appointed Day) Regulations, SI 2024/897, bring into force, on 3 September 2024, FA 2024, s 11 which extends the sunset date for...

HMRC have published new guidelines for compliance on transfer pricing. Help with common risks in transfer pricing approaches GfC7sets out best practice approaches to transfer pricing to lower risk and avoid common mistakes.The guidance is in...

The CIOT has published its response to the government's call for evidence on the tax treatment of carried interest 2024.The key points raised in the CIOT response include:the distinction between income and capital gains is complex, with blurred...

The ATT has made the following Budget representations:Income tax simplification which covers the following points:providing an enduring ‘opt-in’ to income tax self-assessment to simplify the position for taxpayers who would prefer to file tax returns...

The Income Tax (Exemption of Social Security Benefits) (No 2) Regulations, SI 2024/901, amend ITEPA 2003, s 677 to insert a new row into Part 1 of Table B in that provision, in order to wholly exempt pension age disability payments paid by the...

The Infected Blood Compensation Scheme (Tax Exemptions and Relief) Regulations, SI 2024/902, are made to exempt compensation payments made under the Infected Blood Compensation Scheme, from income tax and capital gains tax, and relieve payments from...

HMRC guidance has been published for non-resident landlords who are individuals on how to apply online to receive UK rental income without UK tax deducted. For those who cannot use the online service there is a link to fill in form NRL1 for printing...