New advisory fuel rates
HMRC has published the advisory fuel rates applying from 1 December 2024. The rates apply to employees using a company car. The rates should be used where the employer reimburses employees for business travel in their company cars or needs employees to repay the cost of fuel used for private travel.
Update on Pillar 2
HMRC has published guidance explaining:
- how and when to pay domestic top-up tax and multinational top-up tax; and
- how to use HMRC's online services for replacing the filing member for a Pillar 2 top-up taxes account.
New relief from land transaction tax
Regulations have been made that provide for a new relief from land transaction tax for qualifying land transactions within a special tax site. The regulations came into force on 26 November 2024. In February 2024, ICAEW’s Tax Faculty responded to a consultation on the draft regulations.
HMRC webinars for employers
Employers can book a place on live webinars about getting payroll information right (6 December 2024) and taxing employees’ benefits and expenses through payroll (13 December 2024), and access recorded webinars by following the links on HMRC’s webpage for guidance for employers.
Tax Faculty
This guidance is created by the Tax Faculty, recognised internationally as a leading authority and source of expertise on taxation. The Faculty is the voice of tax for ICAEW, responsible for all submissions to the tax authorities. Join the Faculty for expert guidance and support enabling you to provide the best advice on tax to your clients or business.