½Û×ÓÊÓƵ

Tolley works hard to bring you the most up-to-date tax news straight to your inbox. In a dynamic industry it’s important to know when things change. With Tolley’s Tax News you can always be informed giving your clients the most comprehensive information available.

Latest Tax News

Filter icon Filter by tax area

National Insurance Contributions (Secondary Class 1 Contributions) Act 2025 receives Royal Assent

National Insurance Contributions (Secondary Class 1 Contributions) Act 2025 received Royal Assent on 3 April 2025.

04 Apr 2025 00:00 | Published by a Tolley Employment Tax expert

Directions under sections 690A and 690D of the Income Tax (Earnings and Pensions) Act 2003

These Directions specify the manner and form in which employers must deliver notifications to HMRC under

03 Apr 2025 00:00 | Published by a Tolley Employment Tax expert

HMRC Personal Tax Query Resolution Service for Agents now live

The Personal Tax Query Resolution Service for Agents is now live. HMRC has also notified unavailability of the Agent Services Account on certain days in April.

03 Apr 2025 00:00 | Published by a Tolley Employment Tax expert

Updated HMRC guidance on creative industry reliefs

HMRC has updated the form used to submit evidence in support of claiming creative industry tax reliefs, and added guidance on expenditure credit claims.

02 Apr 2025 00:00 | Published by a Tolley Corporation Tax expert

Welsh Revenue Authority Corporate Plan 2025 to 2028

The Welsh Revenue Authority (WRA) has published its Corporate Plan 2025 to 2028.

02 Apr 2025 00:00 | Published by a Tolley Corporation Tax expert

SSI 2025/100 Social Security (Up-rating) (Miscellaneous Amendments) (Scotland) Regulations 2025

These Regulations fulfil the statutory duty on the Scottish Ministers under sections 86A and 86B of the Social Security (Scotland) Act 2018 to review the rates of social security assistance that they are responsible and where appropriate, to bring forward legislation to increase the rates to an amount in line with inflation.

01 Apr 2025 00:00 | Published by a

SI 2025/406 The Multinational Top-up Tax (Pillar Two Territories, Qualifying Domestic Top-up Taxes and Accredited Qualifying Domestic Top-up Taxes) Regulations 2025

These Regulations specify territories as Pillar Two territories and designate qualifying domestic top-up taxes and accredited qualifying domestic top-up taxes.

01 Apr 2025 00:00 | Published by a Tolley Corporation Tax expert

SSI 2025/102 The Social Security Up-rating (Scotland) Order 2025

This Order provides for an increase in the various rates of carer’s allowance, attendance allowance, disability living allowance, industrial injuries disablement benefit, industrial death benefit, severe disablement allowance, and personal independence payment.

01 Apr 2025 00:00 | Published by a Tolley Employment Tax expert

Spotlight 68: Using prepaid debit cards for profit extraction to reduce profits and disguise income

HMRC has published Spotlight 68, which highlights a scheme that uses advertising and marketing expenditure to reduce profitability and disguise income in the form of redeemable loyalty points.

31 Mar 2025 00:00 | Published by a Tolley Corporation Tax expert

Tax news roundup: 31 March 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.

31 Mar 2025 00:00 | Published by a

HMRC Directions under the Income and Corporation Taxes (Electronic Communications) Regulations 2003 (S.I. 2003/282)

These directions specify the procedures for electronic communications related to claim notifications, additional information, and amendments to company tax returns containing an R&D claim.

31 Mar 2025 00:00 | Published by a Tolley Corporation Tax expert

SI 2025/401 The National Minimum Wage (Amendment) Regulations 2025

These Regulations amend the National Minimum Wage Regulations 2015, SI 2015/621 to increase the rate of the national living wage for workers who are aged 21 or over from £11.44 to £12.21 per hour.

31 Mar 2025 00:00 | Published by a Tolley Employment Tax expert

Weekly Roundup HMRC Manuals: 31 March 2025

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

31 Mar 2025 00:00 | Published by a Tolley Corporation Tax expert

Independent Review of the Loan Charge: Call for evidence

HM Treasury has issued a Call for Evidence - Independent Loan Charge Review 2025.

31 Mar 2025 00:00 | Published by a Tolley Employment Tax expert

Weekly roundup of HMRC import, export and customs guidance: 31 March 2025

Details of updates to HMRC import, export and customs guidance for the period from 25 to 31 March 2025.

31 Mar 2025 00:00 | Published by a

Pension Schemes Newsletter 168— March 2025

HM Revenue and Customs (HMRC) has published Pensions schemes newsletter 168 for March 2025. The newsletter includes articles on pension scheme return (PSR), drawdown pension tables, qualifying recognised overseas pension schemes (QROPS) and lifetime allowance protections and enhancements.

28 Mar 2025 00:00 | Published by a Tolley Employment Tax expert

Updated HMRC interest rates for late and early payments

Following the publication of

28 Mar 2025 00:00 | Published by a Tolley Corporation Tax expert

SI 2025/399 Finance Act 2021 (Amendment of Schedule 26 Penalty Figures) (Appointed Day: Regulation Making Power) Regulations 2025

These Regulations appoint 28 March 2025 as the day on which Schedule 26 to the Finance Act 2021 (FA 2011) comes into force to for the purpose of making regulations under paragraphs 11 and 22(4) of that Schedule.

28 Mar 2025 00:00 | Published by a Tolley Personal Tax expert

CIOT response: Inquiry into the Scottish Budget process in practice

The CIOT has published its response to the inquiry into the Scottish Budget process in practice. The response focuses on the effectiveness of the Budget process in delivering tax policy in Scotland and highlights the need for improvements in legislative procedures for devolved taxes.

28 Mar 2025 00:00 | Published by a Tolley Corporation Tax expert

Employment Related Securities Bulletin 59 (March 2025)

HMRC has published its latest Employment Related Securities Bulletin 59 (March 2025).

28 Mar 2025 00:00 | Published by a Tolley Employment Tax expert

Popular Articles

Wholly and exclusively

Wholly and exclusivelyFor both income tax and corporation tax purposes, one of the fundamental conditions that must be satisfied for an item of expenditure to be deductible, is that it must incurred ‘wholly and exclusively’ for the purposes of the trade, profession or vocation. References to CTA

14 Jul 2020 14:00 | Produced by Tolley Read more Read more

Class 1 v Class 1A

Class 1 v Class 1AClass 1 and Class 1AClass 1 and Class 1A are the categories of NIC that can be charged on expenses reimbursed and benefits provided to employees. These classes are mutually exclusive. A benefit cannot be subject to both Class 1 and Class 1A NIC. Three requirements must be met

Read more Read more

Self assessment ― amendments and corrections

Self assessment ― amendments and correctionsOnce a self assessment tax return has been filed, both HMRC and the taxpayer (or the agent) has the right to make changes to the return. There are different time limits depending on whether it is a correction by HMRC or an amendment made by the

14 Jul 2020 13:37 | Produced by Tolley Read more Read more