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Updated HMRC guidance on Making Tax Digital for Income Tax

HMRC has updated its MTD for income tax guidance to confirm how it will assess qualifying income for a tax year and qualifying income from jointly owned property.

01 Aug 2024 00:00 | Published by a Tolley Owner-Managed Businesses expert

Updated HMRC guidance on large business tax strategy

HMRC has updated its guidance on publishing a large business tax strategy, what it should include and when to publish it.

31 Jul 2024 00:00 | Published by a Tolley Corporation Tax expert

Draft Finance Bill legislation published

HMRC has published draft Finance Bill legislation on furnished holiday lettings, Pillar 2 and VAT for private schools.

30 Jul 2024 00:00 | Published by a Tolley Corporation Tax expert

The Horizon Convictions Redress Scheme and Horizon Shortfall Scheme Fixed Sum Award (Tax Exemptions and Relief) and Social Security amendment Regulations 2024

Two sets of regulations have been issued to exempt certain compensation payments made to postmasters affected by the Horizon scandal from income tax, capital gains tax, corporation tax and Class 1 NICs, and to provide relief from inheritance tax.

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

Weekly Roundup HMRC Manuals: 29 July 2024

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

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

Updated HMRC guidance on Making Tax Digital for Income Tax

HMRC has updated its guidance on using the online service for agents to sign up a client voluntarily for Making Tax Digital for Income Tax.

29 Jul 2024 00:00 | Published by a Tolley Owner-Managed Businesses expert

Autumn Budget date announced

The Autumn Budget will be on 30 October 2024. The Government has also published some tax documents.

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

ATT discuss priorities for the tax system with the Exchequer Secretary to the Treasury

The Association of Taxation Technicians (ATT) has met with James Murray MP, the Exchequer Secretary to the Treasury, to discuss priorities for reforms to the tax system and how it can support economic growth.

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

New guidance on the publication of decisions in the Upper Tribunal (Tax and Chancery Chamber)

New guidance has been issued as to when substantive, interlocutory and permission to appeal decisions of the Upper Tribunal (Tax and Chancery Chamber) will and will not be published.

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

Weekly Roundup HMRC Manuals: 22 July 2024

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

22 Jul 2024 00:00 | Published by a Tolley Corporation Tax expert

Budget Responsibility Bill published

The UK government has published a new Bill designed to ensure that announcements of ‘fiscally significant measures’ are subject to an independent assessment from the OBR.

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

Agent update: Issue 121

HMRC has published Agent Update issue 121 (17 July 2024) providing a round-up of recent developments and changes to legislation and allowances relating to UK tax for tax agents and advisers.

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

King’s Speech 2024: highlights

Opening the 2024–25 Parliamentary session on 17 July 2024, the King’s Speech set out the UK Government's legislative priorities.

17 Jul 2024 00:00 | Published by a Tolley Corporation Tax expert

CIOT letter to the new Exchequer Secretary to the Treasury

The CIOT has written to the new Exchequer Secretary to the Treasury, James Murray MP, regarding tax issues for the new government.

17 Jul 2024 00:00 | Published by a Tolley Corporation Tax expert

Weekly Roundup HMRC Manuals: 15 July 2024

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

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

Weekly Roundup HMRC Manuals: 8 July 2024

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

08 Jul 2024 00:00 | Published by a Tolley Corporation Tax expert

Weekly Roundup HMRC Manuals: 1 July 2024

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

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

Weekly Roundup HMRC Manuals: 24 June 2024

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

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

Weekly Roundup HMRC Manuals: 18 June 2024

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

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

CIOT response: Improving the effectiveness of the Money Laundering Regulations

The CIOT has published its response to the HMT consultation on improving the effectiveness of the Money Laundering Regulations.

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

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Transfer of assets to beneficiaries ― legal, administration and tax issues

Transfer of assets to beneficiaries ― legal, administration and tax issuesThis guidance note outlines how assets are transferred to beneficiaries and the tax consequences that flow from the transfer. Whether a payment is income or capital is discussed in the Payments to trust beneficiaries guidance

14 Jul 2020 13:52 | Produced by Tolley Read more Read more

Timing of disposal for capital gains tax

Timing of disposal for capital gains taxDate of disposalThe date of the disposal determines the period in which the gain is subject to capital gains tax (CGT). When the rates of CGT change, the determination of the date of disposal can also affect the rate of CGT that applies to the gain.See the

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Premiums on the grant or surrender of a lease

Premiums on the grant or surrender of a leasePremiums on the grant of a lease ― outlineWhen a property investor grants a lease, potentially this could be done on the basis that the tenant pays a premium for the initial grant of the lease, in addition to also paying rent over the term of the lease.

14 Jul 2020 12:58 | Produced by Tolley in association with Rob Durrant-Walker of Crane Dale Tax Read more Read more