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HMRC has published new basic guidance on full expensing and the 50% first-year allowance for special-rate expenditure, covering the following:checking whether a company can claim full expensing or the 50% FYA; andhow to calculate the balancing charge...

The Individual Savings Account (Amendment) Regulations, SI 2024/350, update the principal ISA Regulations, SI 1998/1870, to make the following key changes with effect from 6 April 2024:individuals will be able to subscribe for more than one ISA of...

The New Zealand government has passed legislation – The Taxation (Annual Rates for 2023-24, Multinational Tax, and Remedial Matters) Act – implementing the OECD’s Pillar Two rules. As EY observes: ‘The Income Inclusion Rule (IIR) and Under Taxed...

The Annual Tax on Enveloped Dwellings (Indexation of Annual Chargeable Amounts) Order, SI 2024/379, sets out the Annual Tax on Enveloped Dwellings (ATED) chargeable amounts for chargeable periods beginning on or after 1 April 2024.The bands (based on...

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

The Pensions (Abolition of Lifetime Allowance Charge etc) Regulations, SI 2024/356, amend Finance Act 2024 Sch 9 with the intention of ensuring the new legislation, which abolished the lifetime allowance and made wide-ranging consequential changes,...

New regulations make changes as a result of the removal of the requirement to pay Class 2 NICs, and the decision to treat those with earnings above the small profits threshold as though they had actually paid the contributions (for the purpose of...

HMRC have published the following new guidance which explains in straightforward terms how the individual lump sum allowance and lump sum death benefit allowance work from 6 April 2024, following abolition of the lifetime allowance:Find out the rules...

The Finance (No. 2) Act 2017, Sections 60 and 61 and Schedule 14 (Digital Reporting and Record-Keeping) (Appointed Day) (Amendment) Regulations, SI 2024/422, delay the coming into force of the digital record-keeping and reporting requirements...

The Investment Allowance and Cluster Area Allowance (Investment Expenditure) (Amendment) Regulations, SI 2024/395, amend the principal 2017 regulations (SI 2017/292) . The 2017 regulations extended the definition of investment expenditure which...