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Salary advances
The Income Tax (PAYE) (Amendment) Regulations SI 2024/305 amend the ‘on or before’ PAYE reporting rules for salary advances. The change takes effect from 6 April 2024.
Research and development
The Research and Development (Chapter 2 Relief) Regulations SI 2024/348 specify that companies with a registered office in Northern Ireland are not subject to any restrictions on relief for overseas research and development (R&D) expenditure. They may claim relief under CTA 2009 Part 13 Ch 2 up to a limit of £250 000 in any three year period.
National Insurance class 2
The Social Security (Class 2 National Insurance Contributions) (Consequential Amendments and Savings) Regulations SI 2024/377 amends the legislation on class 2 contributions and related benefits to ensure it is consistent with the National Insurance (Reductions in Rates) Act 2023 which removed the liability to pay class 2 from 6 April.
