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HMRC has published its Trusts and Estates Newsletter for March 2024.

The Regulations amend the Finance (No. 2) Act 2017, Sections 60 and 61 and Schedule 14 (Digital Reporting and Record-Keeping) (Appointed Day) Regulations 2021 (SI 2021/1079) to postpone the appointed day on which section 60(1) to (3), section 61(1) to (5) of, and Schedule 14 of the Finance (No. 2) Act 2017 come into force.

This Order 2024 updates the qualifying care relief amounts for 2024-25 onwards.

Details of updates to HMRC import, export and customs guidance for the period from 18 March 2024 to 25 March 2024.

HMRC has launched a consultation on draft legislation for the Value Added Tax (Refund of Tax to Museums and Galleries) (Amendment) Order 2024.

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

These Regulations make amendments to primary and secondary legislation which are consequent on, or supplement certain provisions of, the Economic Crime and Corporate Transparency Act 2023 (2023 Act).

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.

HMRC has published Agent Update issue 118 (20 March 2024) providing a round-up of recent developments and changes to legislation and allowances relating to UK tax for tax agents and advisers.

The OECD have published the sixth peer review report on the implementation of the Action 6 minimum standard on treaty shopping, which includes data on tax treaties concluded by jurisdictions that were members of the Inclusive Framework on 31 May 2023.

The National Insurance Contributions (Reduction in Rates) Act 2024 has received Royal Assent.

These Regulations ensure that ‘The Investment Allowance and Cluster Area Allowance (Investment Expenditure) Regulations 2017’ apply as intended for oil and gas activities located onshore and in Northern Ireland waters.

HMRC has issued two new guidance pages on full expensing and 50% first year allowances for companies.

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

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

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.

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

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

These Regulations make changes to the way pension input amounts are calculated for some defined benefit public service pension schemes.