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In brief: 22 February 2024

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19 February 2024
Issue: 4925 / Categories: News

Rates for 2024-25

HMRC has published the 2024-25 rates and thresholds for employers to use when operating payroll or providing expenses and benefits to employees.

tinyurl.com/hmrc2425rates

Distance selling

The Finance Act 2021 section 95 and Schedule 18 (Distance Selling: Northern Ireland) (Appointed Day No 2) Regulations SI 2024/130 are the second appointed day regulations made under FA 2021 s 95.

tinyurl.com/si2024130

Pensions

HMRC’s February Lifetime allowance guidance newsletter covers FAQs on lump sums and lump sum death benefits reporting requirements overseas transfer allowance protections and enhancement factors and transitional arrangements; information on reporting required by Finance Bill 2024 Sch 9 para 130; and further information on future communications.

tinyurl.com/hmrcltagnewsfeb

Electronic sales suppression

The Finance Act 2009 Sections 101 and 102 (Electronic Sales Suppression) (Appointed Day) Order SI 2024/133 appoints 4 March 2024 as the day on which FA 2009 s 101 and s 102 come into force for the...

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Automated tracking system for taxpayers could save £36m a year, study shows Welsh income tax rates are unchanged Business expenditure on R&D rises in 2023 HMRC targets landlords who may have undeclared rents Lump sums cannot be returned to pension scheme
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