The zero rate of VAT has been extended to include the installation of additional energy-saving materials (ESMs) from 1 February 2024.

HMRC has clarified the rules relating to capital allowances claims in mixed partnerships, confirming that all partners subject to corporation tax are eligible for enhanced capital allowances.

HMRC has updated the recommended reimbursement rates for employees reclaiming business travel in company vehicles.

There are currently three forms of compensation being awarded to subpostmasters following the Horizon scandal and each will have different tax implications. 

Money paid to subpostmasters under the Group Litigation Order (GLO) and overturned convictions schemes is not taxable.

HMRC has confirmed the mandation dates for making tax digital for income tax self assessment (MTD SA) as announced in the Autumn Statement 2023.

The reporting and paying of income tax and Class 1A national insurance contributions on benefits in kind is to be made mandatory via payroll software from April 2026.

HMRC has reminded investors in cryptoassets that they should declare any income or gains above the tax-free allowance on a tax return.

New guidance from HMRC confirms that profits used to assess student loan repayments and entitlement to student finance will include transitional profits from basis period reform.