At Budget 2025, the government announced its decision to implement the international controlled transactions schedule (ICTS) reporting requirement and power to introduce...
HMRC has published guidance on the taxation of state pensions. HMRC says that it bases a full year’s state pension on one week at the weekly rate before and 51 weeks after...
Marking the first anniversary of its introduction, and following a written statement by Dan Tomlinson, the exchequer secretary to the Treasury, HMRC has published an update to its...
HMRC has published a special edition of its agent update on making tax digital for income tax (MTD) in readiness for sending clients’ first quarterly updates on 7 August...
Overseas employments
HMRC has updated its guidance on employees working abroad, in particular the ‘How to calculate PAYE National Insurance contributions’ section, which has...
HMRC is sending a ‘one to many’ letter to agents as part of the borderline excepted estates project. The letter is being sent to agents who have submitted excepted...
A consultation has been launched on modernising the rules that determine whether a payment to a company’s non-corporate shareholders falls within the distributions regime....
HMRC has confirmed that it will not appeal a recent First-tier Tribunal decision that agreed with the taxpayer in the case of Clearwater Hampers Ltd (TC9843) that the cost of...
HMRC will not appeal the PGMOL case any further, meaning the First-tier Tribunal’s decision (TC9870) is now final.
An HMRC spokesperson said: ‘The tribunal decided that...
A new child trust fund (CTF) taskforce, bringing together CTF providers and the government, has been formed in a push to reunite young people with their unclaimed funds worth more...