½Û×ÓÊÓƵ

Details of updates to HMRC import, export and customs guidance for the period from 3 to 10 February 2025.

The bonus rates for Save As You Earn (SAYE) share option schemes have been reduced with effect from 21 February 2025.

HMRC guidance on receiving income tax or PAYE repayments on behalf of others has been updated regarding advance electronic signatures.

These Regulations are made to amend the Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 (LTTA 2017) to amend Schedule 13 (relief for acquisitions involving multiple dwellings) which provides a relief from land transaction tax in relation to acquisitions involving multiple dwellings.

These Regulations are made to designate areas, known as ‘special tax sites’, as special areas for the purposes of Parts 2 (plant and machinery allowances) and 2A (structures and buildings allowances) of the Capital Allowances Act 2001 and Part 4 (stamp duty land tax) of the Finance Act 2003.

The OECD has published the latest peer review results on preferential tax regimes under BEPS Action 5.

HMRC has published details on the filing of in-year returns for trusts and estates for the 2024-25 tax year.

The UK is suspending the Russia and Belarus Double Tax Treaties from April 2025.

HMRC has updated ‘Find out if and when you need to use Making Tax Digital for Income Tax’ to confirm various points.

Details of updates to HMRC import, export and customs guidance for the period from 28 January to 3 February 2025.

HMRC has published its latest Stakeholder Digest (January 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.

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

The CIOT has published its response to the consultation on the proposed inclusion of unused pension funds and death benefits within a person's estate for inheritance tax purposes from 6 April 2027.

HMRC has launched a consultation on supplementary draft guidance for Multinational Top-up Tax and Domestic Top-up Tax. This consultation will close on 8 April 2025.

The consultation on improving the data collected by HMRC from taxpayers has concluded and the outcome and next steps has been published.

These Regulations are made to specify information on start and end dates of self-employment, which the self-employed are required to provide to HMRC via their Income Tax Self Assessment return, and additional information about dividend income which directors of owner-managed companies are required to provide to HMRC via their Income Tax Self Assessment return.

These Regulations are made to amend 116 pieces of UK secondary legislation and 130 pieces of assimilated direct EU legislation in relation to retained EU law reform. They amend or revoke various provisions of subordinate legislation and assimilated direct legislation in consequence of certain provisions of the Retained EU Law (Revocation and Reform) Act 2023 (REUL(RR)A 2023). They are made in exercise of legislative powers under the REUL(RR)A 2023 in connection with assimilated law. They came into force on 27 February 2025.

Following consultation, the Welsh Government has confirmed that it will end charitable business rates relief for fee-charging schools. The change will come into effect on 1 April 2025, if it is approved by the Senedd.

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.