Top-up tax
HMRC has updated its guidance on preparing for the multinational top-up tax and the domestic top-up tax with new information about registration and reporting requirements and Organisation for Economic Co-operation and Development standardisation and guidance.
Trusts and estates
The April issue of HMRC’s Trusts and Estates Newsletter contains articles on capital gains tax adjustments the trust registration service inheritance tax reforms the foreign income and gains regime and the direct payment scheme.
Tips and troncs
HMRC’s tips and troncs guidance has been updated at section 8 to confirm that if there is a commercial reason for an agency to set up a tronc scheme the arrangement has to satisfy one of the following two conditions for the tips not to attract National Insurance. The troncmaster is allocating money that originally was not paid to the employer and the employer does not pay...
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