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HMRC has published new guidance for taxpayers on how to check if they need to tell HMRC about rental income, including a tool.

Spotlight 66 warns about a tax avoidance scheme called ‘The Partnership Model’ being marketed to avoid payment of tax and national insurance contributions.

Jersey has adopted legislation to implement a Pillar 2 Income Inclusion Rule and a multinational corporate income tax from 2025, fulfilling Jersey’s commitment to enact the OECD’s global minimum tax framework for large in-scope multinational groups.

Following publication of the Employment Rights Bill the government has published four consultations.

The OECD has published a report setting out recent developments in international tax reform since July 2024.

The Independent Expert Panel on Corporate Re-domiciliation has published a new report on a framework for a UK corporate re-domiciliation regime.

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.

21 October 2024 - 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 15 to 21 October 2024.

HMRC has published a new GAAR Advisory Panel opinion on reward through creation and sale of a pension obligation with consideration paid to the owner of the pension obligation.

These regulations make consequential amendments to legislation in Great Britain and Northern Ireland to reflect the introduction of Pension Age Disability Payment (PADP) which will replace Attendance Allowance (AA) in Scotland.

Spotlight 65 warns that tax agents are targeting businesses to claim corporation tax refunds through incorrect provisions, linked to potential GDPR fines or civil claims.

HMRC has responded to the CIOT submission which sought clarification on their definition of ordinary share capital with respect to fixed rate shares.

These regulations designate special tax sites in the Celtic Freeport and other areas of Wales that the Treasury consider to be connected to Celtic Freeport.

HMRC has published a transition plan outlining its indicative timeline for commencing the key provisions of the Economic Crime and Transparency Act 2023.

HMRC has updated its recent briefing that sets out the new process for claiming PAYE employment expenses that came into effect on 14 October 2024.

HMRC have launched a new interactive Making Tax Digital for income tax (MTD ITSA) tool.

HMRC has published its bi-monthly magazine providing the latest information on payroll-related topics for employers and agents.

These regulations bring section 1 of the Budget Responsibility Act into force.

HMRC has published Employment Related Securities Bulletin 57.