NEWS

HMRC have requested that, due to changes in CGT rates for non-residential disposals from 30 October 2024, trustees and estates do not file 2024/25 returns until after 5 April. This is to ensure the correct application of the new CGT rates. ...

The National Insurance Contributions (Secondary Class 1 Contributions) Bill completed its committee stage in the House of Lords on 6 February with no amendments. Report stage is scheduled for 25 February. ...

HMRC have announced that interest rates for late payment and repayment will decrease from 17 February for quarterly instalment payments and from 25 February for non-quarterly instalment payments. This follows the decision of the Bank of England to...

The US has pulled out of discussions at the United Nations over a new global tax treaty – with the US delegation walking out of the meeting on the first day of the procedural session – and encouraged other member states to oppose any outcome from...

HMRC are seeking views on supplementary draft guidance for multinational top-up tax and domestic top-up tax, which includes sections on flow-through entities, joint ventures (JV), the insurance sector, and additional top-up amounts. The draft also...

Following the 2024 consultation, the UK Government has decided to proceed with the additional requirements to report self-employment start and end dates, and for directors of owner-managed businesses to include various extra details, in the...

The Retained EU Law (Revocation and Reform) Act 2023 (Consequential Amendments) Regulations, SI 2025/82, amend or revoke various provisions of subordinate legislation and assimilated direct legislation in consequence of the following provisions of...

The Government’s proposal to subject inherited pension death benefits to IHT is fraught with practical difficulties and is likely to cause delays, increased costs and frustration for beneficiaries, according to the CIOT. In its response to the HMRC...

The UK is suspending the Russia and Belarus Double Tax Treaties from April 2025. Both countries had previously suspended material provisions of their Double Taxation Conventions with the UK and have not responded to the UK request to come back into...