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Published on 7 November 2024, Finance Bill 2025 includes many of the Autumn Budget announcements, with a revised version of the legislation to replace the tax treatment of resident but non-UK domiciled individuals.

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

HMRC have published Guidelines for Compliance for qualifying companies who have elected into the Patent Box tax treatment.

Certain provisions of the Economic Crime and Corporate Transparency Act 2023 (the Act) relating to civil recovery of cryptoassets in Scotland come into force on 7 November 2024 and the offence of failing to prevent fraud across the UK on 1 September 2025.

Amendments are made to the Platform Operators (Due Diligence and Reporting Requirements) Regulations 2023, SI 2023/817 to ensure that, where there is a UK platform operator, information about sellers who are resident in the UK must be reported to HMRC. They also remove regulation 10 to remove the proportional reduction of thresholds for reporting in cases where the seller is registered on the platform for only part of a reportable period.

HMRC has updated its guidance on receiving income tax or PAYE repayments on behalf of others.

HMRC has published three new guidance pages and updated one other on research and development (R&D).

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

HMRC has published new guidance on applying for statutory clearance.

The Chancellor’s Budget on 30 October 2024 will increase employer NICs, raise the main rates of CGT, initiate reform of the tax treatment of carried interest, and confirmed the replacement of the remittance basis regime and removal of the VAT exemption for private school fees. Some of the smaller announcements were of equal interest, including extending mandation of Making Tax Digital for Income Tax and increasing the HMRC late-payment interest rate.

HMRC has updated the list of services which can be accessed from the business tax account.

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

The CIOT has published its response to the Tribunal Procedure Committee consultation on possible changes to the procedure rules concerning the provision of written reasons for decisions and other case management measures.

HMRC has published issue 124 of Agent Update.

Jersey has adopted legislation to implement a Pillar 2 Income Inclusion Rule and a multinational corporate income tax from 2025, fulfilling Jersey’s commitment to enact the OECD’s global minimum tax framework for large in-scope multinational groups.

The OECD has published a report setting out recent developments in international tax reform since July 2024.

The Independent Expert Panel on Corporate Re-domiciliation has published a new report on a framework for a UK corporate re-domiciliation regime.

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

Spotlight 65 warns that tax agents are targeting businesses to claim corporation tax refunds through incorrect provisions, linked to potential GDPR fines or civil claims.

HMRC has responded to the CIOT submission which sought clarification on their definition of ordinary share capital with respect to fixed rate shares.