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Tax Policy Making Principles

HM Treasury has published a policy paper setting out the principles that will guide how the Government designs and delivers tax policy changes.

12 Jun 2025 00:00 | Published by a Tolley Corporation Tax expert

First-tier Tribunal (Tax Chamber) updated guidance – oral evidence from abroad

The FTT has updated its guidance on oral evidence from abroad.

11 Jun 2025 00:00 | Published by a Tolley Corporation Tax expert

Weekly Roundup HMRC Manuals: 9 June 2025

9 June 2025 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors

09 Jun 2025 00:00 | Published by a Tolley Corporation Tax expert

Call for evidence on the tax treatment of carried interest – Government response and policy update

HM Treasury has published a Government response and policy update regarding the tax treatment of carried interest following a call for evidence. This update details the implementation of a revised tax regime, which will bring all carried interest within the income tax framework from April 2026.

06 Jun 2025 00:00 | Published by a Tolley Personal Tax expert

ATT Technical FAQs for Making Tax Digital

The ATT has published a new set of Technical Frequently Asked Questions (FAQs) for Making Tax Digital (MTD).

04 Jun 2025 00:00 | Published by a Tolley Owner-Managed Businesses expert

New guidance on unauthorised access of HMRC online accounts

HMRC has issued guidance on what taxpayers need to do if HMRC contacts them about unauthorised access to their online account.

04 Jun 2025 00:00 | Published by a Tolley Personal Tax expert

Weekly Roundup HMRC Manuals: 2 June 2025

2 June 2025 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors

02 Jun 2025 00:00 | Published by a Tolley Corporation Tax expert

Pensions schemes newsletter 170 — May 2025

HMRC’s latest newsletter discusses the new UK residence requirement for administrators of UK registered pension schemes, several lifetime allowance points, and the more efficient processing of relief at source claims.

30 May 2025 00:00 | Published by a Tolley Employment Tax expert

Weekly Roundup HMRC Manuals: 27 May 2025

27 May 2025 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors

27 May 2025 00:00 | Published by a Tolley Corporation Tax expert

Class 2 Computation Issues for 2024/25

The ATT has reported issues affecting the computation of Class 2 National Insurance contributions for 2024/25 tax returns.

23 May 2025 00:00 | Published by a Tolley Personal Tax expert

Updated: Disclosure of tax avoidance schemes guidance

HMRC has updated its guidance on the disclosure of tax avoidance schemes (DOTAS).

23 May 2025 00:00 | Published by a Tolley Corporation Tax expert

CIOT response: Better use of new and improved third party data

The CIOT has published its response to the HMRC consultation on the better use of new and improved third-party data.

22 May 2025 00:00 | Published by a Tolley Personal Tax expert

CIOT response: Enhancing HMRC's ability to tackle tax advisers facilitating non-compliance

The CIOT has published its response to the consultation on enhancing HMRC's ability to tackle tax advisers facilitating non-compliance.

19 May 2025 00:00 | Published by a Tolley Corporation Tax expert

Weekly Roundup HMRC Manuals: 19 May 2025

19 May 2025 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors

19 May 2025 00:00 | Published by a Tolley Corporation Tax expert

SI 2025/589 Finance Act 2021 (Increase in Schedule 26 Penalty Percentages) Regulations 2025

These Regulations are made to increase the penalties for late payment of tax in Schedule 26 to the Finance Act 2021 (FA 2021).

16 May 2025 00:00 | Published by a Tolley Personal Tax expert

Agent Update: Issue 131

HMRC has published Issue 131 of Agent Update, providing a round-up of updates and reminders for tax practitioners.

16 May 2025 00:00 | Published by a Tolley Corporation Tax expert

CIOT publishes response to HMRC’s e-invoicing consultation

The CIOT has published its response to HMRC's consultation on promoting electronic invoicing (e-invoicing) across UK businesses and the public sector.

14 May 2025 00:00 | Published by a Tolley Owner-Managed Businesses expert

HMRC issues guidance on new cryptoasset reporting rules

HMRC publishes guidance on the Cryptoasset Reporting Framework (CARF), outlining new obligations to collect and report user data.

14 May 2025 00:00 | Published by a Tolley Personal Tax expert

Alternative Dispute Resolution: Practice Statement for First Tier Tribunal Tax Chamber

The president of the First-tier Tribunal (Tax Chamber) has issued a practice statement that sets out how taxpayers and HMRC can turn to Alternative Dispute Resolution (ADR) once a formal appeal is under way.

13 May 2025 00:00 | Published by a Tolley Corporation Tax expert

HMRC reduces interest rates following base rate cut

HMRC late-payment and overpayment interest rates have been reduced to reflect the recent Bank of England decision to cut the bank base rate.

12 May 2025 00:00 | Published by a Tolley Corporation Tax expert

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Loans provided to employees

Loans provided to employeesEmployers sometimes provide their employees with loans, sometimes charging interest and often not, either as part of the reward package or to help the individual meet significant expenditure. For example, it is common to provide loans for the purchase of annual travel

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Class 1 v Class 1A

Class 1 v Class 1AClass 1 and Class 1AClass 1 and Class 1A are the categories of NIC that can be charged on expenses reimbursed and benefits provided to employees. These classes are mutually exclusive. A benefit cannot be subject to both Class 1 and Class 1A NIC. Three requirements must be met

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Holdover relief for disposals by trustees

Holdover relief for disposals by trusteesOverviewWhere a capital gain has been realised on an asset that has been disposed of and that disposal was not for full value (that is not in an arm’s length sale) then holdover relief may be available. This will happen when trustees appoint capital assets

14 Jul 2020 11:54 | Produced by Tolley Read more Read more