Tolley Tax News

These Regulations are made to widen the circumstances for protecting individuals' residential addresses on the company register, including former registered office addresses, while ensuring company transparency, and aligning provisions for limited liability partnerships.

HMRC has published guidance on how businesses can claim a refund for overpaid PAYE for the current or a previous tax year.

HMRC has published a briefing which sets out the new process for claiming PAYE employment expenses.

HMRC has published its latest Stakeholder Digest (19 December 2024), providing updates and reminders relevant to UK tax practitioners.

This Order brings into effect a Convention and Protocol (the ‘2024 Arrangements’) made by the Governments of the UK and Ecuador. The 2024 Arrangements are a Double Taxation Agreement (DTA) for the avoidance of double taxation on income and gains from cross-border activity. (Updated from draft on 20 December 2024.)

The Public Bill Committee is expected to begin scrutiny of the Finance Bill on 28 January 2025. Comments on the Bill are invited before then, and revised explanatory notes have been issued to cover the Government’s proposed Pillar 2 amendments.

Following the Scottish Budget on 4 December the Budget Bill has now been published.

The OECD has released new tools for the implementation of Amount B relating to the simplification of transfer pricing rules.

HMRC has published Issue 126 of the Agent Update.

The UK Government has put forward two sets of amendments to Finance Bill 2025.

HMRC has provided an update to the CIOT on their position following the First-tier Tribunal decisions on Collins Construction Ltd and Stage One Creative Services.

HMRC has updated the guidance ‘Additional information you must submit before you claim for Research and Development tax relief’. In particular, the 'Project details to include' and 'Accounting period start and end date' sections have been updated.

The OECD/G20 Inclusive Framework on BEPS has released the latest peer review assessments for 136 jurisdictions in relation to the spontaneous exchange of information on tax rulings.

The NICs (Secondary Class 1 Contributions) Bill has passed its House of Commons stages without amendment.

HMRC has clarified its policy in relation to the VAT treatment of remedial building works to correct faulty workmanship or replace faulty materials, including the replacement of cladding

SI 2024/1349: Amendments are made to sections 150(1), 155(1B)(b), and 161(b) of the Income Tax (Earnings and Pensions) Act 2003 (the Act). This Order comes into force on 6 April 2025.

The Chancellor of the Exchequer, Rachel Reeves has confirmed the Spring forecast will take place on Wednesday 26 March 2025.

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

In the ever-fast-moving world of tax announcements and developments, this news pulls together some of the key changes announced this week. Our commentary will be updated in due course to reflect these latest developments.

Details of updates to HMRC import, export and customs guidance for the period from 10 to 16 December 2024.