Beneficial loans
The official rate of interest will rise to 3.75% from 6 April 2025 HMRC has confirmed. It was previously 2.25%.
Devolved tax
The Scottish government is seeking views on the future of the Scottish landfill communities fund (SLCF). The decline in revenues has resulted in reduced contributions to the SLCF making its operation unviable from 2026-27 onwards. Responses should be submitted by 30 May 2025.
HMRC agents webinar
HMRC is holding a webinar on making tax digital for income tax on 25 March at 3.45 until 4.45.
Tax redress
The Social Security (Contributions) (Amendment No 3) Regulations SI 2025/325 specify tax redress payments made to the members of affected pension schemes for MPs members of the Senedd and members of the Northern Ireland Assembly as a result of a rectification exercise conducted in connection with the transfer of members’ pension benefits from a final salary to a career average.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
