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The Chancellor’s Budget on 30 October 2024 will increase employer NICs, raise the main rates of CGT, initiate reform of the tax treatment of carried interest, and confirmed the replacement of the remittance basis regime and removal of the VAT exemption for private school fees. Some of the smaller announcements were of equal interest, including extending mandation of Making Tax Digital for Income Tax and increasing the HMRC late-payment interest rate.

HMRC has updated the list of services which can be accessed from the business tax account.

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

The CIOT has published its response to the Tribunal Procedure Committee consultation on possible changes to the procedure rules concerning the provision of written reasons for decisions and other case management measures.

HMRC has published issue 124 of Agent Update.

HMRC has published new guidance for taxpayers on how to check if they need to tell HMRC about rental income, including a tool.

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

Spotlight 65 warns that tax agents are targeting businesses to claim corporation tax refunds through incorrect provisions, linked to potential GDPR fines or civil claims.

HMRC has responded to the CIOT submission which sought clarification on their definition of ordinary share capital with respect to fixed rate shares.

These regulations designate special tax sites in the Celtic Freeport and other areas of Wales that the Treasury consider to be connected to Celtic Freeport.

HMRC has published a transition plan outlining its indicative timeline for commencing the key provisions of the Economic Crime and Transparency Act 2023.

These regulations bring section 1 of the Budget Responsibility Act into force.

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

These Regulations are made to introduce a higher rate of tax relief for low-budget films with a specified UK connection.

CIOT has reported that HMRC will accept printed tax return forms from their site as the 31 October 2024 paper self-assessment deadline approaches.

Certain provision of the Finance (No 2) Act 2024 (F(N2)A 2024) comes into force on 30 October 2024.

These Regulations are made to amend and modify primary and secondary legislation to make further consequential provisions in connection with the removal of the lifetime allowance and the lifetime allowance charge by the Finance (No 2) Act 2023 (F(No2)A 2023) and the Finance Act 2024 (FA 2024).

HMRC reveals top 5 calls to helpline as it encourages taxpayers to use online guidance.

HMRC have updated their guidance collection ‘Use Making Tax Digital for Income Tax’.

The Home Office has published guidance on the information sharing measures