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Displaying 1-10 of 60 results
Tax news in brief 12 February 2025
- Article
- 12 Feb 2025
Highlights from the broader tax news for the week ending 12 February 2025, including: a reduction in the rates of interest on tax; the publication of help cards for employers; and changes to land transaction tax.
HMRC will not accept some in-year trust and estate tax returns
- Article
- 11 Feb 2025
Due to the change in the rate of capital gains tax (CGT) from 30 October 2024, trustees and personal representatives (PRs) may need to wait until after the end of the tax year to submit 2024/25 tax returns.
Check for state pension gaps by 5 April 2025, says HMRC
- Article
- 11 Feb 2025
HMRC is encouraging people to check if they could increase their state pension by making voluntary national insurance (NI) contributions by 5 April 2025.
More taxpayers can test making tax digital
- Article
- 10 Feb 2025
Taxpayers liable to the high income child benefit charge (HICBC) or with income from jointly held property can join making tax digital for income tax (MTD income tax) testing for 2025/26. IRIS has also joined the list of software available for 2024/25.
Business tax compliance costs £15bn a year
- Article
- 10 Feb 2025
In its latest report, the National Audit Office (NAO) explores the costs for businesses in meeting their tax obligations and for HMRC in administering the tax system. It reveals UK businesses incur costs of at least £15.4bn each year.
Changes to size thresholds for off payroll working
- Article
- 06 Feb 2025
In response to a request from ICAEW, HMRC has confirmed that changes to the company size thresholds in the Companies Act 2006 from April 2025 will also apply for the purposes of the off payroll working rules.
Changes made to CIS processes for overseas businesses
- Article
- 06 Feb 2025
HMRC has updated its procedures to address challenges identified by ICAEW’s members in registering overseas businesses for the construction industry scheme (CIS).
Over one million taxpayers may face £100 penalty
- Article
- 04 Feb 2025
HMRC estimates that 1.1 million taxpayers missed the 31 January 2025 deadline for filing their 2023/24 tax return. ICAEW explains the penalties, and why late filers should consider whether an easement applies, or if they have grounds to appeal.
Tax news in brief 4 February 2025
- Article
- 04 Feb 2025
Highlights from the broader tax news for the week ending 4 February 2025, including: an increase in the statutory payments recovery rate for smaller businesses; and ICAEW’s response to a consultation of expanding tax conditionality.
Tests for carried interest multiplier need more thought, says ICAEW
- Article
- 04 Feb 2025
ICAEW has encouraged the government to ensure that any changes to the rules for taxing carried interest do not add complexity and do not affect the UK’s attractiveness as a place to live, work and invest in the private equity (PE) sector.
Displaying 1-10 of 60 results