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Latest Trusts and Inheritance Tax News

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HMRC updated payment details

The payment details used to pay by bank transfer have been updated on various HMRC guidance pages.

16 Sep 2024 00:00 | Published by a Tolley Corporation Tax expert

CIOT letter to the Exchequer Secretary to the Treasury on the Business Tax Roadmap

The Chartered Institute of Taxation (CIOT) have written to the minister regarding the Business Tax Roadmap.

13 Sep 2024 00:00 | Published by a Tolley Corporation Tax expert

Administrative Court Judicial Review Guide 2024 published

The Courts and Tribunals Judiciary (CTJ) has announced that the Administrative Court Judicial Review Guide 2024 has been published.

13 Sep 2024 00:00 | Published by a Tolley Corporation Tax expert

CIOT Budget representation on Repayment interest

The Chartered Institute of Taxation (CIOT) have published a Budget representation on interest and commercial restitution.

13 Sep 2024 00:00 | Published by a Tolley Corporation Tax expert

SI 2024/949 Supreme Court Rules 2024

These Rules are made to implement a revised version of the Rules of the UK Supreme Court. The revised version of the Rules provides for a new digital case management portal and makes various smaller changes which reflect technological advancements or remedy issues which have become apparent since the current Rules were adopted. The overriding objective of the Rules remains to secure that the Court is accessible, fair and efficient.

12 Sep 2024 00:00 | Published by a Tolley Corporation Tax expert

Budget Responsibility Act 2024

The Budget Responsibility Act 2024 has received Royal Assent.

12 Sep 2024 00:00 | Published by a Tolley Corporation Tax expert

CJEU overturns decision on Apple tax rulings

The CJEU has confirmed the European Commission’s 2016 decision that Ireland granted unlawful state aid to Apple, setting aside the previous judgment of the General Court.

11 Sep 2024 00:00 | Published by a Tolley Corporation Tax expert

ATT responds to policy paper on non-UK domiciled individuals

The Association of Taxation Technicians (ATT) has submitted a response to the government policy paper on changes to the taxation of non-UK domiciled individuals.

10 Sep 2024 00:00 | Published by a Tolley Employment Tax expert

SI 2024/902 The Infected Blood Compensation Scheme (Tax Exemptions and Relief) Regulations 2024

These Regulations are made to exempt compensation payments made under the Infected Blood Compensation Scheme, from Income Tax and Capital Gains Tax, and relieve payments from Inheritance Tax, with retrospective effect.

06 Sep 2024 00:00 | Published by a Tolley Trusts and Inheritance Tax expert

Further ATT Budget representations

The ATT have made Budget representations on IHT relief on shares, mileage allowances, and trivial benefits.

06 Sep 2024 00:00 | Published by a Tolley Employment Tax expert

HMRC Stakeholder Digest: 29 August 2024

HMRC has published its latest Stakeholder Digest (29 August 2024).

02 Sep 2024 00:00 | Published by a Tolley Corporation Tax expert

Updated HMRC Privacy Notice

HMRC has updated its Privacy Notice on the examination of business records, Artificial Intelligence (AI) and automated decision-making.

30 Aug 2024 00:00 | Published by a Tolley Corporation Tax expert

HMRC Trusts and Estates Newsletter: August 2024

HMRC has published its Trusts and Estates Newsletter for August 2024

30 Aug 2024 00:00 | Published by a Tolley Trusts and Inheritance Tax expert

Agent Update: Issue 122

HMRC has published Agent Update issue 122 (21 August 2024) providing a round-up of recent developments and changes to legislation and allowances relating to UK tax for tax agents and advisers.

22 Aug 2024 00:00 | Published by a Tolley Corporation Tax expert

Guidance on giving evidence from abroad in UK court or tribunal cases updated

The Foreign, Commonwealth & Development Office (FCDO) has updated its guidance on giving evidence by video link from abroad in a UK court or tribunal case.

21 Aug 2024 00:00 | Published by a Tolley Corporation Tax expert

Updated HMRC guidance on paying a tax bill

HMRC has updated its guidance on ‘What will happen if you don’t pay your tax bill’.

16 Aug 2024 00:00 | Published by a Tolley Corporation Tax expert

HMRC redesigns and publishes new IHT100 forms

HMRC has redesigned and published the IHT100 suite of forms which are used to report chargeable lifetime transfers by individuals and transfers by trusts.

14 Aug 2024 00:00 | Published by a Tolley Trusts and Inheritance Tax expert

Tribunal Procedure Committee consultation on changes to procedure rules for the First-tier Tribunal (Tax Chamber)

The Tribunal Procedure Committee seeks views on potential amendments relating to the issue of full decisions.

13 Aug 2024 00:00 | Published by a Tolley Corporation Tax expert

HMRC cuts late-payment and repayment interest rates

HMRC is reducing the late-payment interest rate to 7.5% and the repayment rate to 4% from 20 August 2024 for most taxes and payments. Interest on quarterly instalment payments of corporation tax will also be reduced from 12 August.

06 Aug 2024 00:00 | Published by a Tolley Corporation Tax expert

Changes to the taxation of non-UK domiciled individuals: Summer engagement

HMRC has published a document outlining their ongoing engagement plans regarding the changes to the taxation of non-UK domiciled individuals.

31 Jul 2024 00:00 | Published by a Tolley Employment Tax expert

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Sales, advertising and marketing

Sales, advertising and marketingExpenditure on sales, advertising and marketing activities may include amounts which are disallowable for the purposes of calculating trading profits. This may be because the expenditure is:•capital in nature (see the Capital vs revenue expenditure guidance note)•not

14 Jul 2020 13:28 | Produced by Tolley Read more Read more

VAT registration ― change of VAT registration details

VAT registration ― change of VAT registration detailsVAT registered persons must keep their VAT registration details up to date and notify HMRC of any changes. Failure to notify HMRC by the relevant time could result in a penalty. For guidance regarding penalties for failure to notify please see the

14 Jul 2020 13:57 | Produced by Tolley Read more Read more

Furnished holiday lets

Furnished holiday letsThis guidance note sets out the qualifying conditions for a property let to be treated as a furnished holiday let (FHL) for tax purposes and the subsequent tax implications.Whether or not a property qualifies as an FHL can make an important difference to the taxation

14 Jul 2020 11:46 | Produced by Tolley Read more Read more