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Company cars: advisory fuel rates from 1 June 2024

HMRC has published revised advisory fuel rates for company cars which apply from 1 June 2024.

24 May 2024 00:00 | Published by a Tolley Corporation Tax expert

SI 2024/671 The Designation of Special Tax Sites (Forth Green Freeport) Regulations 2024

These regulations designate special tax sites in the Forth Green Freeport in Scotland.

23 May 2024 00:00 | Published by a Tolley Corporation Tax expert

Belarus: tax treaties

HMRC has updated its Belarus: tax treaties page to confirm the suspension of Double Taxation Agreements by Belarus.

23 May 2024 00:00 | Published by a Tolley Corporation Tax expert

CC/FS83 - Compliance checks: Corresponding with HMRC electronically

HMRC has published a new factsheet about corresponding with HMRC electronically using email or Dropbox, including the risks involved.

23 May 2024 00:00 | Published by a Tolley Corporation Tax expert

Statutory guidance: Pillar 2 top-up taxes

HMRC has published statutory guidance on how to register for Pillar 2 top-up taxes in the UK.

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

Weekly Roundup HMRC Manuals: 20 May 2024

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

20 May 2024 00:00 | Published by a Tolley Corporation Tax expert

Peru: tax treaties

The 2024 UK-Peru joint declaration has been added to the HMRC tax treaties page.

20 May 2024 00:00 | Published by a Tolley Corporation Tax expert

Liechtenstein: tax treaties

The synthesised text of the Multilateral Instrument and the 2012 UK-Liechtenstein Double Taxation Convention — in force has been added to the HMRC tax treaties page.

20 May 2024 00:00 | Published by a Tolley Corporation Tax expert

Agent update: issue 120

HMRC has published Agent Update issue 120 (15 May 2024) providing a round-up of recent developments and changes to legislation and allowances relating to UK tax for tax agents and advisers.

15 May 2024 18:30 | Published by a Tolley Corporation Tax expert

National Audit Office Report: HMRC customer service

The National Audit Office (NAO) has published a report that examines the extent to which HMRC is well-placed to provide the services that taxpayers need within its planned resources.

15 May 2024 00:00 | Published by a Tolley Corporation Tax expert

Weekly Roundup HMRC Manuals: 13 May 2024

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

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

CIOT response: The Tax Administration Framework Review: enquiry and assessment powers, penalties, safeguards

The CIOT has published its respons to the HMRC call for evidence on the Tax Administration Framework Review: enquiry and assessment powers, penalties, safeguards.

10 May 2024 00:00 | Published by a Tolley Corporation Tax expert

CIOT comments: Draft legislation: Improving the data HMRC collects from its customers

The CIOT has commented on the draft legislation on improving the data HMRC collects from its customers.

07 May 2024 00:00 | Published by a Tolley Corporation Tax expert

Weekly Roundup HMRC Manuals: 7 May 2024

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

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

HMRC Stakeholder Digest: 1 May 2024

HMRC has published its latest Stakeholder Digest (1 May 2024)

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

SI 2024/574, The Special Tax Sites (Applicable Sunset Date) Regulations 2024

These Regulations extend the applicable sunset date for special tax sites.

01 May 2024 00:00 | Published by a Tolley Corporation Tax expert

Updated guidance on penalties for MTD for income tax volunteers

HMRC has updated the guidance on ‘Making Tax Digital volunteers and penalties’ regarding Time To Pay arrangements.

01 May 2024 00:00 | Published by a Tolley Corporation Tax expert

Weekly Roundup HMRC Manuals: 29 April 2024

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

29 Apr 2024 00:00 | Published by a Tolley Corporation Tax expert

SI 2024/555 The Mutual Societies (Transfers of Business) (Tax) (Amendment) Regulations 2024

These Regulations amend the Mutual Societies (Transfers of Business) (Tax) Regulations 2009 (SI 2009/2971) which make provision for the tax consequences of transfers of business by mutual societies.

25 Apr 2024 00:00 | Published by a Tolley Corporation Tax expert

SI 2024/544 The International Tax Compliance (Amendment) Regulations 2024

SI 2024/544: These Regulations are made to amend the International Tax Compliance Regulations 2015, SI 2015/878. This is to provide that the arrangements covered by SI 2015/878 will now be specified in a notice published by the Commissioners

24 Apr 2024 00:00 | Published by a Tolley Corporation Tax expert

Popular Articles

Enterprise investment scheme tax relief

Enterprise investment scheme tax reliefOverview of EIS tax reliefsThe enterprise investment scheme (EIS) offers significant tax reliefs to encourage individuals to invest money in qualifying shares issued by qualifying unquoted companies. The scheme is designed to encourage investment in small,

14 Jul 2020 11:36 | Produced by Tolley Read more Read more

Wholly and exclusively

Wholly and exclusivelyFor both income tax and corporation tax purposes, one of the fundamental conditions that must be satisfied for an item of expenditure to be deductible, is that it must incurred ‘wholly and exclusively’ for the purposes of the trade, profession or vocation. References to CTA

14 Jul 2020 14:00 | Produced by Tolley Read more Read more

Residential property and capital allowances

Residential property and capital allowancesResidential property ― plant and machinery allowancesOrdinary residential property does not, and never has, qualified for capital allowances. as CAA 2001, s 35 denies plant allowances for expenditure incurred in providing plant or machinery for use in a

14 Jul 2020 17:14 | Produced by Tolley in association with Martin Wilson and Steven Bone Read more Read more