Tax news in brief 13 March 2024

Highlights from the broader tax news for the week ending 13 March 2024, including: the publication of legislation providing for the Spring Budget NIC cuts; changes made by secondary legislation across a range of areas, including R&D tax relief, PAYE and CIS; new HMRC guidance on ISAs; and the opportunity to claim a refund for […]

New R&D tax relief guidance ‘could be clearer’

ICAEW has identified areas of improvement for HMRC’s draft guidance on the new rules for research and development tax relief. ICAEW’s Tax Faculty has responded to HMRC’s consultation on its draft guidance for aspects of the new research and development (R&D) tax relief rules. The new rules apply to the ‘merged scheme’, which comes into force […]

Tax news in brief 7 March 2024

Highlights from the broader tax news for the week ending 7 March 2024, including: commencement arrangements for the new merged scheme for R&D tax relief; the roll-out of one government login; and updated guidance from HMRC on when and how it will contact taxpayers. Start date confirmed for merged R&D tax relief Regulations have been […]

Government aims to raise tax advice standards

The government is exploring options to raise standards in the tax advice market through a strengthened regulatory framework. The government has published a consultation on options to strengthen the regulatory framework in the tax advice market and require tax advisers to register with HMRC, if they wish to interact with HMRC on a client’s behalf.   […]

Tax news in brief 28 February 2024

Highlights from the broader tax news for the week ending 28 February 2024, including: a new income tax exemption for the Champions League final; tips from HMRC on paying PAYE and filing an ATED return; and the EU’s new digital system for union goods. Income tax exemption for Champions League final The government has announced […]

How to tax interest paid by public service pensions schemes

HMRC has provided guidance on the tax treatment of interest paid under the public service pensions remedy. If this article is supporting your professional development, it can count towards your verifiable CPD hours. Use the pop up at the bottom right corner of your screen to add reading this article as an activity to your […]

Government consults on options to reform tax administration

The government has published a call for evidence on HMRC’s enquiry and assessment powers, penalties, and safeguards. If this article is supporting your professional development, it can count towards your verifiable CPD hours. Use the pop up at the bottom right corner of your screen to add reading this article as an activity to your […]

Tax news in brief 21 February 2024

Highlights from the broader tax news for the week ending 21 February 2024, including: updated HMRC guidance on the evidence required to make a claim for a creative industry tax relief; the publication of a discussion paper on tax thresholds; a warning from HMRC to watch out for fake tax refund offers; updated insolvency guidance; […]

New nomination section for some tax relief claims

The print and post claims for employment expenses and marriage allowance include a new nomination section from 26 February 2024. If this article is supporting your professional development, it can count towards your verifiable CPD hours. Use the pop up at the bottom right corner of your screen to add reading this article as an […]

Tax news in brief 14 February 2024

Highlights from the broader tax news for the week ending 14 February 2024, including: rates and thresholds to be used by employers for 2024/25; the opportunity to join a HMRC webinar on its litigation and settlement strategy; and action required to continue as a user of the agent forum. Rates and thresholds for employers for […]