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...
Recent decisions on mixed use SDLT, taxpayer behaviour and the meaning of ‘service’ under the remittance basis rules are reviewed by Edward Reed and Sam Epstein (Macfarlanes).
HMRC have updated the 2024/25 version of its CWG2 employer guide to PAYE and NICs to note the following:tax-free lump sums over £30,000 paid to employees who cannot work due to disability, injury or ill health no longer need to be reported to HMRC...
Melville Rodrigues (Apex Group) and Naomi Lawton (Allen & Overy) provide an overview of the new regime that offers additional flexibility and plugs a gap in the UK’s existing fund range.
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 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 tracker shows the current status of, and developments on, consultations (both formal and informal) conducted by the UK government (and other bodies) that have an impact on taxation.
HMRC have issued new Directions for the electronic delivery of additional information and amendments to corporation tax returns, both in relation to claims for the creative industry tax reliefs. The Directions specify the following:additional...
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,...
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