Loan Charge Review 2025: joint CIOT and LITRG response
The CIOT and LITRG have jointly responded to the 2025 Independent Loan Charge Review, announced on 23 January 2025.
The CIOT and LITRG have jointly responded to the 2025 Independent Loan Charge Review, announced on 23 January 2025.
Clauses 5 and 6 of the Finance Bill set out the benefit in kind percentages for company cars which will apply from 2025-26 until 2029-30.
The CIOT’s latest response was largely positive, many of the Finance Bill proposals being in tune with suggestions the CIOT made in the 2023 consultation.
The government published a consultation in October (tinyurl.com/33y5waw9), on the application of the zero h
The National Insurance Contributions (Secondary Class 1 Contributions) Bill 2024 includes measures to:
HMRC has updated its Employment Related Securities manuals on the ‘deeming provision’, almost a year to the day after the Supreme Court passed its judgment in the case of Vermilion Holdings
From 14 October 2024, people who want to claim tax relief on employment expenses using form P87 also have to provide supporting evidence.
In this article, we summarise the main points from meetings of various groups that took place in early autumn 2024, which are attended by CIOT, LITRG and ATT volunteers.
We have a lot of information available on our website to help people understand umbrella companies and manually check whether pay and taxes are being dealt with properly.