Draft legislation published for some Spring Budget measures
[ad_1] The Spring Finance Bill contains legislation which increases the thresholds for the high income child benefit charge and abolishes multiple dwellings relief for SDLT. Finance (No. 2) Bill 2024 has been introduced into Parliament. The Bill sets the rates of income tax for 2024/25 and the rates of corporation tax for financial year 2025 […]
Public service pensions remedy guidance published
[ad_1] HMRC has released a suite of guidance for dealing with public service pensions that are affected by the McCloud remedy, including a tool for calculating the adjustment and making a claim. Changes were made to public service pensions in 2015 by the government. Most public sector workers were moved into reformed career average pension […]
UK’s Border Target Operating Model published
[ad_1] The government has set out how controls applicable at the border will be simplified and digitised. The UK government has developed and now published a new Border Target Operating Model (BTOM). The aim of the BTOM is to simplify and improve the process for importing goods into Great Britain. The BTOM sets out the […]
New VAT penalty regime guidance published
[ad_1] HMRC releases guidance on the new penalty regime for late submission and payment of VAT returns. Guidance on late payment and repayment interest has also been published. On 4 January 2023, HMRC published five guidance pages relating to the new penalty regime for late submission and payment of VAT returns, as well as late […]