Ӱ

Tolley works hard to bring you the most up-to-date tax news straight to your inbox. In a dynamic industry it’s important to know when things change. With Tolley’s Tax News you can always be informed giving your clients the most comprehensive information available.

Latest Corporation Tax News

Filter icon Filter by tax area

HMRC reverses decision to cut taxpayer helplines

HMRC has confirmed that proposals to reduce the availability of several taxpayer helplines have been put on hold.

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

Research & development: Updated HMRC guidance

HMRC has published updated guidance to reflect the revised R&D regime for accounting periods beginning on or after 1 April 2024

19 Mar 2024 00:00 | Published by a Tolley Corporation Tax expert

SI 2024/383 The Designation of Special Tax Sites (Liverpool City Region, West Midlands and North East Investment Zones) Regulations 2024

These Regulations are made to designate areas, known as ‘special tax sites’, as special areas for the purposes of Parts 2 (plant and machinery allowances) and 2A (structures and buildings allowances) of the Capital Allowances Act 2001 and Part 4 (stamp duty land tax) of the Finance Act 2003.

19 Mar 2024 00:00 | Published by a Tolley Corporation Tax expert

SI 2024/380 The Designation of Special Tax Sites (Inverness and Cromarty Firth Green Freeport) Regulations 2024

These Regulations are made to designate areas, known as ‘special tax sites’, as special areas for the purposes of Parts 2 (plant and machinery allowances) and 2A (structures and buildings allowances) of the Capital Allowances Act 2001.

19 Mar 2024 00:00 | Published by a Tolley Corporation Tax expert

UK and Estonia initial Tax treaty

The UK and Estonia have initiated a new Income Tax treaty.

18 Mar 2024 00:00 | Published by a Tolley Corporation Tax expert

Weekly Roundup HMRC Manuals: 18 March 2024

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

18 Mar 2024 00:00 | Published by a Tolley Corporation Tax expert

SI 2024/379, The Annual Tax on Enveloped Dwellings (Indexation of Annual Chargeable Amounts) Order 2024

This Order states the annual chargeable amounts of the annual tax on enveloped dwellings for chargeable periods beginning on or after 1st April 2024

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

SI 2024/367 The Landfill Disposals Tax (Tax Rates) (Amendment) and Tax Collection and Management (Wales) Act 2016 (Miscellaneous Amendments) (Wales) Regulations 2024

These Regulations prescribe the standard rate, lower rate and unauthorised disposals rate for Welsh landfill disposals tax chargeable on taxable disposals made on or after 1 April 2024.

14 Mar 2024 00:00 | Published by a Tolley Corporation Tax expert

Finance (No 2) Bill 2024 published

Finance (No 2) Bill was published on 13 March 2024.

14 Mar 2024 00:00 | Published by a Tolley Corporation Tax expert

SI 2024/348 The Research and Development (Chapter 2 Relief) Regulations 2024

These Regulations set out special conditions for companies with a registered office in Northern Ireland which make claims for enhanced relief under the new R&D tax relief scheme.

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

Consultation: Improving the effectiveness of the Money Laundering Regulations

A consultation has been launched on improving the effectiveness of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (the ‘MLRs’).

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

Weekly Roundup HMRC Manuals: 11 March 2024

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

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

SI 2024 /320 The Relief for Creative Industries (Additional Information Requirements and Miscellaneous Amendments) Regulations 2024

These Regulations require claims for the creative sector tax reliefs to be submitted electronically. They also specify the additional information required to be provided by claimant companies in support of any claims for the creative sector tax reliefs.

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

Consultation outcome: Business rates avoidance and evasion

HMRC has published responses to its consultation on business rates avoidance and evasion.

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

Policy paper: Investment Zones update

The government has published further details of six Investment Zones: Greater Manchester, Liverpool City Region, North East of England, South Yorkshire, and West Midlands and Tees Valley.

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

Updated guidance on the higher rate stamp tax charges on securities and the growth market exemption

HMRC has made several additions and updates to its Stamp Taxes on Shares Manual (STSM) to deal with the changes to the 1.5% SDRT and stamp duty charges and growth market exemption (introduced by sections 19 and 20 of, and

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

Spring Budget 2024: key tax announcements

The 6 March 2024 Spring Budget announced a further 2 percentage point cut in NICs for employees and the self-employed, although the income tax thresholds remain frozen. The government is also consulting on potential regulation of the tax advice market.

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

Consultation response: Draft regulations on Electronic Sales Suppression

HMRC has published the outcome of the consultation on draft regulations for Electronic Sales Suppression (ESS).

05 Mar 2024 00:00 | Published by a Tolley Corporation Tax expert

SI 2024/286 The Finance Act 2024, Schedule 1 (Research and Development) (Appointed Day) Regulations 2024

These Regulations appoint 1 April 2024 for the purposes of commencing the amendments to the Corporation Tax Act 2009 made by Finance Act 2024, Sch 1 except those which relate to assignments and nominations and ancillary provisions for orders and regulations.

05 Mar 2024 00:00 | Published by a Tolley Corporation Tax expert

SI 2024/269 The Economic Crime and Corporate Transparency Act 2023 (Commencement No. 2 and Transitional Provision) Regulations 2024

These Regulations are the second commencement regulations made under the Economic Crime and Corporate Transparency Act 2023.

04 Mar 2024 00:00 | Published by a Tolley Corporation Tax expert

Popular Articles

Incentives, awards and prizes

Incentives, awards and prizesIntroduction ― incentives, awards and prizesEmployers may use a variety of methods to reward and encourage employees in their work. These are commonly known as incentives, awards or prizes. For the purposes of this note, the term ‘award’ will be used to cover all

14 Jul 2020 11:57 | Produced by Tolley Read more Read more

Carried-forward losses restriction

Carried-forward losses restrictionOverview of the carried-forward loss restrictionAn important restriction in the use of losses carried forward was introduced by Finance (No 2) Act 2017. Subject to a de minimis of £5m (known as the deductions allowance), most carried-forward losses are restricted to

14 Jul 2020 11:09 | Produced by Tolley Read more Read more

Payroll record keeping

Payroll record keepingUnder SI 2003/2682, reg 97, “...an employer must keep, for not less than 3 years after the end of the tax year to which they relate, all PAYE records which are not required to be sent to [HMRC]...”. Reasons for keeping the records include:•being able to calculate tax and

14 Jul 2020 12:52 | Produced by Tolley in association with Ian Holloway Read more Read more