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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...

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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]

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