NEWS

The ATT suggests that the new requirement for employers to report detailed employee working hours data to HMRC may now not begin until April 2026 at the earliest, rather than from April 2025 as originally intended. The ATT says that, because of the...

HMRC have updated their guidance, What will happen if you do not pay your tax bill, to add a section on how to complain about a debt collection agency which HMRC have engaged to recover a payment. Complaints can be made either through...

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

HMRC have revised their guidance on the requirement for large businesses to publish a tax strategy, to clarify that the turnover and balance sheet test for UK companies, and the multinational enterprise (MNE) turnover test, are mutually exclusive....

HMRC have redesigned and published their IHT100 suite of forms which are used to report chargeable lifetime transfers by individuals and transfers by trusts.Previously, a reportable transfer would require an IHT100 form and a separate...

Pension Schemes Newsletter 161 confirms that HMRC had been consulting on draft regulations to make further technical changes to the legislation which abolished the lifetime allowance with effect from 6 April 2024. The consultation closed on 14...

HMRC have made further changes to their Pillar Two guidance, with new sections on common reporting obligation misconceptions and the transitional safe harbour rules. How to prepare for MTT and DTT has been updated to include the...

UK and Ecuador government representatives signed a new double tax convention on 6 August 2024.This is the first double tax agreement between the two countries, and covers UK income tax, corporation tax and capital gains tax (and identical or...

HMRC have updated its late-payment and repayment interest rates, following the Bank of Englands 1 August 2024 decision to cut the bank base rate to 5% (from 5.25%).For most taxes and payments, the late-payment interest rate will be 7.5% and...

HMRC have clarified how it will assess qualifying income for a tax year for the purposes of entry into Making Tax Digital for Income Tax Self-Assessment. In its guidance note, Check if you'll need to sign up for Making Tax Digital for Income...