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SI 2024/335 The Authorised Surplus Payments Charge (Variation of Rate) Order 2024

These Regulations reduce the rate of the authorised surplus payments charge from 35% to 25% with effect from 6 April 2024.

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

SI 2024/305 Income Tax (Pay As You Earn) (Amendment) Regulations 2024

These Regulations amend the Income Tax (Pay As You Earn) Regulations 2003 (SI 2003/2682) with effect from 6 April 2024 to simplify the reporting process for employers in respect of salary advances made to employees.

12 Mar 2024 00:00 | Published by a Tolley Employment 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

National Insurance Contributions (Reduction in Rates) (No.2) Bill published

The government has published the National Insurance Contributions (Reduction in Rates) (No.2) Bill.

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

SI 2024/334 The Occupational Pension Schemes (Collective Money Purchase Schemes) (Amendment) Regulations 2024

These Regulations amend SI 2022/255 to clarify two areas of the Regulations.

08 Mar 2024 00:00 | Published by a Tolley Employment Tax expert

SI 2024/309 The Guardian’s Allowance Up-rating Regulations 2024

The Regulations make provision in consequence of SI 2024/247 which provide for the annual up-rating of Guardian’s Allowance, amongst other things.

08 Mar 2024 00:00 | Published by a Tolley Employment Tax expert

SI 2024/329 The Paternity Leave (Amendment) Regulations 2024

These Regulations amend the various paternity and adoption leave regulations to make changes to the way in which the statutory entitlement to paternity leave is exercised. They are part of a package of legislative changes to statutory rights to paternity leave and pay.

08 Mar 2024 00:00 | Published by a Tolley Employment Tax expert

SI 2024/287 The Income Tax (Exemption of Social Security Benefits) Regulations 2024

These Regulations amend the ITEPA 2003, Ch 5, Pt 10 to disregard from earnings two new social security benefit payments in order to exempt them income tax.

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

SI 2024/242 The Social Security Benefits Up-rating Order 2024

The Order fulfils the statutory duty of the Secretary of State to review the rates of social security benefits and provides for the up-rating of certain benefits.

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

Lifetime allowance guidance newsletter — March 2024

HMRC has published the March 2024 Lifetime allowance newsletter to update stakeholders on the latest news for pension schemes.

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

SI 2024/289 The Social Security (Contributions) (Amendment No. 2) Regulations 2024

These Regulations amend SI 2001/1004 to disregard from earnings two new social security benefit payments in order to exempt them from Class 1 National Insurance Contributions (NICs).

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

HMT clarifies scope of OWR following upcoming reforms to the taxation of non-UK domiciled individuals

HM Treasury (HMT) has updated its technical note that describes the changes to the taxation of non-UK domiciled individuals applying from 6 April 2025 as announced in the Spring Budget 2024. The Overseas Workday Relief (OWR) section has been updated to clarify that employees who are eligible for OWR in 2023/24 or 2024/25 for their first year since returning to the UK should still be able to claim OWR for the full three years.

07 Mar 2024 00:00 | Published by a Tolley Personal 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

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

Weekly Roundup HMRC Manuals: 4 March 2024

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

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

SI 2024/247 The Tax Credits, Child Benefit and Guardian’s Allowance Up-rating Regulations 2024

These regulations set the annual rates of Working Tax Credit and Child Tax Credit from 6 April 2024, and the weekly rate of Child Benefit and Guardian’s Allowance from 8 April 2024.

01 Mar 2024 00:00 | Published by a Tolley Employment Tax expert

Updated HMRC guidance: How the tax system operates for charities

HMRC has updated its guidance on how to register a charity for tax, taxpayer’s obligations, and any reliefs or exemptions available.

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

SI 2024/249 The Social Security (Contributions) (Limits and Thresholds, National Insurance Funds Payments and Extension of Veterans Relief) Regulations 2024

These Regulations give effect to the annual re-rating of various National Insurance contributions rates, limits and thresholds from 6 April 2024.

01 Mar 2024 00:00 | Published by a Tolley Employment Tax expert

Updated lifetime allowance guidance newsletter — February 2024

HMRC has updated its recently published lifetime allowance newsletter.

28 Feb 2024 00:00 | Published by a Tolley Employment Tax expert

Scottish Parliament approves the Scottish Budget

The Scottish Parliament has approved the 2024-25 Scottish Budget.

28 Feb 2024 00:00 | Published by a Tolley Corporation Tax expert

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