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HMRC has published Agent Update issue 118 (20 March 2024) providing a round-up of recent developments and changes to legislation and allowances relating to UK tax for tax agents and advisers.

The National Insurance Contributions (Reduction in Rates) Act 2024 has received Royal Assent.

HMRC has confirmed that proposals to reduce the availability of several taxpayer helplines have been put on hold.

These Regulations are made to designate areas, known as ‘special tax sites’, as special areas for the purposes of Parts 2 (plant and machinery allowances) and 2A (structures and buildings allowances) of the Capital Allowances Act 2001 and Part 4 (stamp duty land tax) of the Finance Act 2003.

These Regulations are made to designate areas, known as ‘special tax sites’, as special areas for the purposes of Parts 2 (plant and machinery allowances) and 2A (structures and buildings allowances) of the Capital Allowances Act 2001.

18 March 2024 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors

These Regulations make changes to the way pension input amounts are calculated for some defined benefit public service pension schemes.

These Regulations make minor amendments to ensure that legislation relating to Class 2 National Insurance Contributions (NICs) and related benefits is consistent with the National Insurance (Reductions in Rates) Act 2023 which removed the liability to pay Class 2 NICs from 6 April 2024.

HMRC is consulting on two draft Statutory Instruments which, under powers introduced in

These regulations make consequential, transitional and saving provision in connection with the abolition of the lifetime allowance charge and as to the operation of the pension commencement excess lump sum.

Finance (No 2) Bill was published on 13 March 2024.

These Regulations reduce the rate of the authorised surplus payments charge from 35% to 25% with effect from 6 April 2024.

These Regulations amend the Income Tax (Pay As You Earn) Regulations 2003 (SI 2003/2682) with effect from 6 April 2024 to simplify the reporting process for employers in respect of salary advances made to employees.

These regulations remove most payments made by landlords to tenants from the scope of the Construction Industry Scheme (CIS), and make sure minor VAT compliance failures will not result in gross payment status (GPS) refusal or removal.

11 March 2024 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors

The government has published the National Insurance Contributions (Reduction in Rates) (No.2) Bill.

These Regulations amend SI 2022/255 to clarify two areas of the Regulations.

The Regulations make provision in consequence of SI 2024/247 which provide for the annual up-rating of Guardian’s Allowance, amongst other things.

These Regulations amend the various paternity and adoption leave regulations to make changes to the way in which the statutory entitlement to paternity leave is exercised. They are part of a package of legislative changes to statutory rights to paternity leave and pay.

These Regulations amend the ITEPA 2003, Ch 5, Pt 10 to disregard from earnings two new social security benefit payments in order to exempt them income tax.