The Tribunal Procedure Committee (TPC) has launched a consultation seeking views on potential amendments to the rules for each chamber of the First-tier Tribunal and the employment...
HMRC is decreasing interest rates for late payments for most taxes, after the Bank of England’s decision to reduce the base rate to 5%.From 12 August 2024, the rate for late...
BudgetThe chancellor will deliver her first budget on 30 October 2024.Simple assessmentsHMRC has produced information about simple assessments. It covers what simple assessments...
Total tax revenues for 2023-24 were £843.4bn, the highest on record and a 3.6% increase on 2022-23, states HMRC in its annual report for 2023-24. The increase reflects the...
The government has published a call for evidence on the tax treatment of carried interest. Carried interest is a form of performance-related reward received by fund managers,...
On 29 July, chancellor of the exchequer Rachel Reeves delivered a statement to parliament on the state of public spending. She said she will deliver a Budget on 30 October,...
Two new compensation payments will be exempt from tax and be relieved from inheritance tax. The Horizon Convictions Redress Scheme and Horizon Shortfall Scheme (HSS) Fixed Sum...
1 September 2024Payment of corporation tax liabilities for periods ended 30 November 2023 if not liable to pay by instalments.Check HMRC website for changes to car mileage fuel...
HMRC must clarify the rules around the tax exemption for workplace nursery benefit schemes after some promoters incorrectly promised tax breaks for those buying childcare places,...
The president of the Upper Tribunal (Tax and Chancery Chamber) has issued guidance on the publication of decisions of that chamber.The following decisions will be published:final...
At a roundtable discussion at the Treasury on 24 July, a range of external stakeholders, including the Association of Taxation Technicians, discussed their priorities for the tax...
The value of cash gifts given away by people in the UK rose to £2.1bn in 2020-21, marking a 40% increase from £1.5bn in 2016-17, according to data from TWM Solicitors,...