Angela Browning

Apr 10, 2024 | taxjournal.com | Mark Bevington |Angela Browning |Edward B. Hayes |Helen Adams

HMRC have updated the 2024/25 version of its CWG2 employer guide to PAYE and NICs to note the following:tax-free lump sums over £30,000 paid to employees who cannot work due to disability, injury or ill health no longer need to be reported to HMRC (also reflected in the 2023/24 edition);the new rules around reporting salary advances have been added; andthe latest rates of NICs have been updated as necessary throughout. HMRC have also published the 2024/25 edition of its guide CA44 .

Apr 10, 2024 | taxjournal.com | Mark Bevington |Angela Browning |Edward B. Hayes |Helen Adams

The Welsh Government is consulting until 19 May 2024 on proposals to abolish land transaction tax multiple dwellings relief (MDR) in Wales, following the equivalent change in England with the removal of SDLT MDR from 1 June 2024. The change would have effect in Wales from the same date, or ‘as soon as possible thereafter’. The proposal, says the Welsh Government, is ‘precipitated’ by the likely impact on the Welsh Block Grant of the decision to abolish SDLT MDR in England.

Apr 10, 2024 | taxjournal.com | Mark Bevington |Angela Browning |Edward B. Hayes |Helen Adams

Home >Articles > New guidance on pension lump-sum allowances New guidance on pension lump-sum allowances 10 April 2024 HMRC have published the following new guidance which explains in straightforward terms how the individual lump sum allowance and lump sum death benefit allowance work from 6 April 2024, following abolition of the lifetime allowance:Find out the rules around Individual Lump Sum Allowances; andHow to tell HMRC about a lump sum death benefit charge.

Apr 10, 2024 | taxjournal.com | Mark Bevington |Angela Browning |Edward B. Hayes |Helen Adams

Home >Articles > Creative industry reliefs Directions Creative industry reliefs Directions 10 April 2024 HMRC have issued new Directions for the electronic delivery of additional information and amendments to corporation tax returns, both in relation to claims for the creative industry tax reliefs.

Apr 10, 2024 | taxjournal.com | Mark Bevington |Angela Browning |Edward B. Hayes |Helen Adams

Home >Articles > HMRC Stakeholder Digest HMRC Stakeholder Digest 10 April 2024 HMRC’s 3 April 2024 Stakeholder Digest provides a number of helpful reminders for practitioners: the open consultation on proposed options for regulation of the tax advice market which runs to 29 May 2024, and separate further consultation on the tax administration framework (looking at HMRC’s powers, penalties and taxpayer safeguards); the 6 April 2024 NICs rate changes, noting that the UK government intends to...