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In brief: 23 January 2025

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20 January 2025
Issue: 4969 / Categories: News

Making tax digital

HMRC’s making tax digital for income tax guidance on ‘Finalise your income tax position’ has been updated to explain it is not possible to use HMRC online services for the remainder of the 2024-25 tax year and the upcoming 2025-26 tax year. This is to help HMRC test what the best design is for users. The guidance advises users what to do if the software they currently use does not support the submission of personal income sources.

tinyurl.com/hmrcusemtdit

Global minimum tax

The inclusive framework on base erosion and profit shifting (BEPS) has released a compilation of qualified domestic rules and tools to streamline the administration of the global minimum tax.

tinyurl.com/oecdgmtrelease

Free zone

The Free Zone (Customs Site No 1 Forth) Designation Order 2025/26 designates the Customs Site No 1 Forth as a special area for customs purposes and appoints Forth Ports Limited as the responsible authority for the free...

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