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Tax news roundup: 30 June 2025

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.

30 Jun 2025 00:00 | Published by a

SI 2025/744 Reporting Cryptoasset Service Providers (Due Diligence and Reporting Requirements) Regulations 2025

These Regulations are made to impose due diligence, record-keeping and reporting obligations on UK reporting cryptoasset service providers; to provide penalties for failures to comply with the obligations; and to provide supplementary provision.

30 Jun 2025 00:00 | Published by a Tolley Personal Tax expert

Weekly roundup of HMRC import, export and customs guidance: 30 June 2025

Details of updates to HMRC import, export and customs guidance for the period from 24 to 30 June 2025.

30 Jun 2025 00:00 | Published by a

G7 reach agreement on global minimum tax

HM Treasury has confirmed that an agreement has been reached on global minimum tax, which has led to the removal of Section 899 from the One Big Beautiful Bill in the US.

30 Jun 2025 00:00 | Published by a Tolley Corporation Tax expert

Weekly Roundup HMRC Manuals: 30 June 2025

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

30 Jun 2025 00:00 | Published by a Tolley Corporation Tax expert

SI 2025/740 International Tax Compliance (Amendment) Regulations 2025

These Regulations amend the International Tax Compliance Regulations 2015, SI 2015/878, which require UK financial institutions to report information on certain non-resident account holders to His Majesty’s Revenue and Customs (HMRC) for exchange under international agreements. The amendments update the rules to reflect international developments, including changes to the OECD’s Common Reporting Standard, and enhance the effectiveness of the reporting regime.

27 Jun 2025 00:00 | Published by a Tolley Corporation Tax expert

OECD releases 36 new peer review results under BEPS Action 14 on Mutual Agreement Procedures

The OECD has released 36 new peer review results under BEPS Action 14 on Mutual Agreement Procedures (MAP), highlighting continued progress by members of the Inclusive Framework on BEPS that have committed to implementing the Action 14 minimum standard, which seeks to improve the resolution of treaty-related disputes through the MAP.

27 Jun 2025 00:00 | Published by a

SI 2025/738 Child Trust Funds (Amendment) Regulations 2025

These Regulations make a minor amendment to the Child Trust Funds Regulations 2004, SI 2004/1450 to reflect developments in other legislation.

26 Jun 2025 00:00 | Published by a Tolley Personal Tax expert

HMRC Stakeholder Digest: 24 June 2025

HMRC has published its latest Stakeholder Digest (24 June 2025).

26 Jun 2025 00:00 | Published by a Tolley Corporation Tax expert

CIOT submission on non-domicile taxation

The CIOT has sent a submission to HMRC on non-domicile taxation reforms which may require legislative change and clarification. The submission sets out several technical and legislative issues following the enactment of the

26 Jun 2025 00:00 | Published by a Tolley Trusts and Inheritance Tax expert

ATT update on Class 2 computation issues for 2024/25

The ATT has provided an update on Class 2 computation issues for 2024/25.

26 Jun 2025 00:00 | Published by a Tolley Owner-Managed Businesses expert

SI 2025/733 Individual Savings Account (Amendment) Regulations 2025

These Regulations are made to amend the Individual Savings Account Regulations 1998, SI 1998/1870 to reflect developments in other legislation, clarify the position in cases of doubt and provide additional safeguards for investors.

25 Jun 2025 00:00 | Published by a Tolley Owner-Managed Businesses expert

SI 2025/666 Private Intermittent Securities and Capital Exchange System (Exemption from Stamp Duties) Regulations 2025

These Regulations are made to provide an exemption from Stamp Duty and Stamp Duty Reserve Tax (SDRT) for transfers of shares in connection with trading activity that takes place on a Private Intermittent Securities and Capital Exchange System (PISCES) under the PISCES sandbox arrangements.

24 Jun 2025 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC import, export and customs guidance: 23 June 2025

Details of updates to HMRC import, export and customs guidance for the period from 17 to 23 June 2025.

23 Jun 2025 00:00 | Published by a

Tax news roundup: 23 June 2025

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.

23 Jun 2025 00:00 | Published by a

Weekly Roundup HMRC Manuals: 23 June 2025

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

23 Jun 2025 00:00 | Published by a Tolley Corporation Tax expert

Agent Update: Issue 132

HMRC has published Issue 132 of the Agent Update, providing a round-up of updates and reminders for tax practitioners.

20 Jun 2025 00:00 | Published by a Tolley Corporation Tax expert

Antigua and Barbuda signs the Multilateral BEPS Convention

Antigua and Barbuda has signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (the BEPS Convention).

19 Jun 2025 00:00 | Published by a

Revenue and Customs Brief 4 (2025): VAT deduction on the management of pension funds

HMRC has published a brief announcing a further policy change to VAT deduction on the management of pension funds.

19 Jun 2025 00:00 | Published by a Tolley Value Added Tax expert

Employer Bulletin: June 2025

HMRC has published the June 2025 issue of the Employer Bulletin, providing important updates and information relevant to employers and agents.

19 Jun 2025 00:00 | Published by a Tolley Employment Tax expert

Popular Articles

Relief for employee share schemes

Relief for employee share schemesRemuneration expenses are generally deductible for corporation tax purposes as they are considered to be incurred wholly and exclusively for the purposes of the trade. However, expenses relating to shares are usually classed as capital and are therefore not

14 Jul 2020 13:21 | Produced by Tolley Read more Read more

Payroll record keeping

Payroll record keepingUnder SI 2003/2682, reg 97, “...an employer must keep, for not less than 3 years after the end of the tax year to which they relate, all PAYE records which are not required to be sent to [HMRC]...”. Reasons for keeping the records include:•being able to calculate tax and

14 Jul 2020 12:52 | Produced by Tolley in association with Ian Holloway Read more Read more

Corrections and amendments to the IHT account

Corrections and amendments to the IHT accountThis guidance note explains how to deal with changes to the taxable values in the original inheritance tax account.Why do amendments arise?When the IHT account is first submitted to HMRC, it is based on information available at an early stage of the

14 Jul 2020 11:20 | Produced by Tolley Read more Read more