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Details of updates to HMRC import, export and customs guidance for the period from 7 to 13 January 2025.

SI 2025/17: This Order is made to amend the Financial Services and Markets Act 2000 (Collective Investment Schemes) Order 2001, SI 2001/1062 to insert a new paragraph 22 into the Schedule, which clarifies that arrangements for qualifying cryptoasset staking do not amount to a collective investment scheme. It comes into force on 31 January 2025.

HMRC has updated its guidance on Making Tax Digital for Income Tax. This update provides information on how to manage changes in income sources and other related adjustments.

SI 2025/20: Amendments are made to the legislation that deals with customs procedures relating to safety and security declarations. They amend two pieces of UK secondary legislation and two pieces of assimilated direct legislation in relation to customs. They are made in exercise of legislative powers under the Customs and Excise Management Act 1979 in connection with assimilated law. They come into force on 30 January 2025.

The CIOT is calling on the Government to address unfair tax rules as interest rates on late payments rise.

The CIOT has submitted a response to the draft legislation concerning the changes for the non-domicile and remittance regime. It has also issued a briefing on the National Insurance Contributions (Secondary Class 1 Contributions) Bill 2024.

In the ever-fast-moving world of tax announcements and developments, this news pulls together some of the key changes announced this week. Our commentary will be updated in due course to reflect these latest developments.

6 January 2025 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors

Details of updates to HMRC import, export and customs guidance for the period from 17 December 2024 to 6 January 2025.

HM Courts & Tribunals Service has revised the guideline hourly rates effective from 1 January 2025.

HMRC has published guidance on digital platform reporting. These reporting rules started in the UK from 1 January 2024, with the first reports being due by 31 January 2025.

HMRC has published details of the R&D disclosure service for companies to use to voluntarily disclose overclaimed R&D tax relief.

These Regulations are made to widen the circumstances for protecting individuals' residential addresses on the company register, including former registered office addresses, while ensuring company transparency, and aligning provisions for limited liability partnerships.

HMRC has published guidance on how businesses can claim a refund for overpaid PAYE for the current or a previous tax year.

HMRC has published a briefing which sets out the new process for claiming PAYE employment expenses.

HMRC has published its latest Stakeholder Digest (19 December 2024), providing updates and reminders relevant to UK tax practitioners.

This Order brings into effect a Convention and Protocol (the â€˜2024 Arrangements’) made by the Governments of the UK and Ecuador. The 2024 Arrangements are a Double Taxation Agreement (DTA) for the avoidance of double taxation on income and gains from cross-border activity. (Updated from draft on 20 December 2024.)

The Public Bill Committee is expected to begin scrutiny of the Finance Bill on 28 January 2025. Comments on the Bill are invited before then, and revised explanatory notes have been issued to cover the Government’s proposed Pillar 2 amendments.

Following the Scottish Budget on 4 December the Budget Bill has now been published.

The OECD has released new tools for the implementation of Amount B relating to the simplification of transfer pricing rules.