Weekly tax highlights 鈥� 14 April 2025
Owner-Managed Businesses
Guidance
Direct taxes
Updated HMRC guidance on Multinational Top-up Tax and the Domestic Top-up Tax
HMRC has updated its guidance page 鈥楶reparing for the Multinational Top-up Tax and the Domestic Top-up Tax鈥� with details about registration and reporting requirements, and OECD standardisation and guidance.
The updated guidance provides more detail about when and how to register. There is a whole new section 3.3 on reporting requirements, the UK self-assessment return and the GloBE Information Return (GIR), which is a standardised return that will facilitate the global administration of the Pillar 2 rules. Section 5.2 has been updated to add more details about OECD standardisation and guidance.
See Simon鈥檚 Taxes D4.302, D4.320.
New and updated HMRC guidance on changes for non-domiciled individuals
HMRC has published new guidance and updated numerous pages to reflect the changes for non-domiciled individuals from 6 April 2025.
Summary
HMRC has published new guidance as follows:
- 鈥�
Globally mobile employees 鈥� a landing page to new guidance on Effect of residence on an employee鈥檚 liability to UK income tax, Overseas Workday
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