Since 1927 the leading authority on tax law, practice and administration

In brief: 28 March 2024

© Copyright LexisNexis 2024. All rights reserved.

25 March 2024

Issue: 4930 / Categories: News

Salary advances

The Income Tax (PAYE) (Amendment) Regulations SI 2024/305 amend the ‘on or before’ PAYE reporting rules for salary advances. The change takes effect from 6 April 2024.

tinyurl.com/si2024305

Research and development

The Research and Development (Chapter 2 Relief) Regulations SI 2024/348 specify that companies with a registered office in Northern Ireland are not subject to any restrictions on relief for overseas research and development (R&D) expenditure. They may claim relief under CTA 2009 Part 13 Ch 2 up to a limit of £250 000 in any three year period.

tinyurl.com/si2024348

National Insurance class 2

The Social Security (Class 2 National Insurance Contributions) (Consequential Amendments and Savings) Regulations SI 2024/377 amends the legislation on class 2 contributions and related benefits to ensure it is consistent with the National Insurance (Reductions in Rates) Act 2023 which removed the liability to pay class 2 from 6 April.

tinyurl.com/si2024377...

If you or your firm subscribes to Taxation.co.uk, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Subscribe Now...

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.

Once you have registered, you will receive an email directing you back to read this item in full.

Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.

In brief: 28 March 2024

© Copyright LexisNexis 2024. All rights reserved.

25 March 2024

Salary advances

The Income Tax (PAYE) (Amendment) Regulations SI 2024/305 amend the ‘on or before’ PAYE reporting rules for salary advances. The change takes effect from 6 April 2024.

tinyurl.com/si2024305

Research and development

The Research and Development (Chapter 2 Relief) Regulations SI 2024/348 specify that companies with a registered office in Northern Ireland are not subject to any restrictions on relief for overseas research and development (R&D) expenditure. They may claim relief under CTA 2009 Part 13 Ch 2 up to a limit of £250 000 in any three year period.

tinyurl.com/si2024348

National Insurance class 2

The Social Security (Class 2 National Insurance Contributions) (Consequential Amendments and Savings) Regulations SI 2024/377 amends the legislation on class 2 contributions and related benefits to ensure it is consistent with the National Insurance (Reductions in Rates) Act 2023 which removed the liability to pay class 2 from 6 April.

tinyurl.com/si2024377...

If you or your firm subscribes to Taxation.co.uk, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Subscribe Now...

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.

Once you have registered, you will receive an email directing you back to read this item in full.

Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.

Issue:

4930

Categories: News [1]

SourceURL:

Links:

READERS' FORUM premium icon

Readers’ forum: Impact of voluntary restitution on taxpayers Practice tip: January struggles Readers’ forum: Should we add student loan repayments in disclosure? Readers’ forum: Claiming capital allowances on equipment upgrade Readers’ forum: Is there VAT on furniture insurance?

FIVE WAYS TO MAKE ACCOUNTS PRODUCTION AND TAX EASIER.
Download the exclusive Xero
free report here.

New queries

Please email any questions you might have
to: taxation@lexisnexis.co.uk.

NEWS

High level of claim refusal may deter claimants Employers seeking ways to mitigate NI increase Registration: teething problems for private schools Non-doms not deterred by 2017 deemed domicile reforms In brief: 21 November 2024

Third slide

Deadline dates for December 2024

CASES

Office servicing business is not a trade Retrospective application of apportioning a mixed supply No infringement of human rights Failure to seek time-to-pay arrangement Overturned warrant does not guarantee return of documents

MOST POPULAR

Readers’ forum: Impact of voluntary restitution on taxpayers This week's opinion: 21 November 2024 Office servicing business is not a trade Retrospective application of apportioning a mixed supply No infringement of human rights

back to top icon