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These Regulations are made to amend the Income Tax (Pay As You Earn) Regulations 2003, SI 2003/2682 to insert a new definition of ‘secondary threshold’.

These Regulations amend Social Security (Contributions) Regulations 2001, SI 2001/10004 by adding reference to the secondary threshold so that a Real Time Information employer must deliver to His Majesty’s Revenue and Customs the information specified in Schedule 4A (real time returns) unless the employee’s earnings are below either the lower earnings limit or the secondary threshold, whichever is the lesser amount.

These Regulations amend Social Security (Contributions) Regulations 2001, SI 2001/1004 to up-rate the special rate of Class 2 National Insurance contributions payable by share fishermen.

A Treasury Minutes Progress Report provides an update on the HMRC Single Customer Account.

These Regulations are made to amend the Seafarers’ Wages Regulations 2024, SI 2024/1015 to update the National Minimum Wage equivalence (NMWe) rates so that they align with the new National Minimum Wage rates from 1 April 2025

The Government has announced that it plans to increase the income tax self assessment (ITSA) reporting threshold for trading income from £1,000 to £3,000 gross within this Parliament. Other measures to help HMRC deliver Plan for Change are also announced.

HMRC has updated guidance to confirm that agents can now use the online form to apply for a refund of the higher rates of Stamp Duty Land Tax.

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.

10 March 2025 - 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 3 to 10 March 2025.

These Regulations are made to give effect to the annual re-rating of various National Insurance contributions (NICs) rates, limits and thresholds for the purposes of calculating Class 1, Class 2, Class 3 and Class 4 NICs liability (or voluntary payment) for the tax year beginning 6 April 2025. It also allows for payments of a Treasury Grant not exceeding 5% of the estimated benefit expenditure for the 2025–2026 tax year to be made into the National Insurance Fund (NIF) and makes corresponding provision for Northern Ireland. They also extend the availability of the zero-rate relief on secondary Class 1 contributions for employers of qualifying veterans for the tax year 2025–2026.

These Regulations are made to increase the ‘official rate of interest’ applicable under section 178 of the Finance Act 1989 for the purposes of Chapter 7 of Part 3 of the Income Tax (Earnings and Pensions) Act 2003

HMRC has issued guidance on the closure of the online service to file company accounts and tax returns.

HMRC has launched a consultation on developing a predictable fiscal response to future oil and gas price shocks. This consultation aims to establish a new permanent mechanism to replace the Energy Profits Levy (EPL) once it ends.

Individuals have until 5 April 2025 to fill gaps in their National Insurance record dating back to 6 April 2006. HMRC has relaxed the deadline in certain circumstances.

The Senedd has approved the Welsh Budget 2025-26.

HMRC has published a new version of the IHT grossing up calculator.

The subgroup which is chaired by HMRC has published new minutes of meetings.

The Government has published the responses to various consultations on ‘Making Work Pay’.

The OECD has released the latest BEPS Action 14 Mutual Agreement Procedure (MAP) peer review results.