NEWS

HMRC have revised their guidance for tax repayment agents, to confirm that from 6 April 2025, the agent will need to use an advanced electronic signature process to obtain the appropriate authorisation from clients. The guidance sets specific...

Platform Operators (Due Diligence and Reporting Requirements) (Amendment) Regulations, SI 2024/1082, amend SI 2023/817, reg 4, so that the reporting exemption in paragraph (5) does not apply where the condition in paragraph (5)(a)(ii) is met but the...

The latest HMRC Pension scheme newsletter 164 summarises the following announcements made in the autumn budget:unused pension funds and death benefits payable from a pension will form part of a person’s estate for IHT purposes from 6 April 2027 and...

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

Chancellor Rachel Reeves delivered her first Budget on 30 October 2024. Together with the headline increase in employer NICs, the Chancellor’s changes to CGT rates and reform of IHT reliefs are expected to impact on businesses, with carried interest...

HMRC have drawn attention to an avoidance scheme which purports to use limited liability partnerships to disguise employment income. Spotlight 66 Limited Liability Partnerships arrangements used to disguise employment income highlights a tax...

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...