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Finance Bill
The Finance Bill 2024-25 and accompanying explanatory notes have been published. The bill has 86 clauses and 13 schedules. It was given its first reading in the House of Commons on 6 November.
Tax conditionality
The government has launched a consultation on expanding the existing ‘tax conditionality’ approach which aims to tackle the hidden economy to further licensing regimes. These are waste animal welfare and vehicles in the taxi and private hire sector. Responses should be submitted by 31 January 2025.
tinyurl.com/hmrctaxconditcondoc
Apprenticeship levy
HMRC has published guidelines for compliance for employers reporting their apprenticeship levy liability and claiming employment allowance.
SAYE share schemes
HMRC has updated its bonus rates for save-as-you-earn (SAYE) share option schemes.
Patent box
HMRC has published guidelines for compliance for qualifying companies who have elected into the patent box tax treatment. It includes the recommended approach to patent box computations and highlights problem areas that lead...
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