NEWS

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...

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.