Following the 2024 consultation the UK Government has decided to proceed with the additional requirements to report self-employment start and end dates and for directors of owner-managed businesses to include various extra details in the self-assessment tax return. Consequently the Income Tax (Additional Information to be included in Returns) Regulations SI 2025/84:
require the inclusion in personal returns trustee’s returns and partnership returns of the dates of commencement and cessation of business activities; and
require the inclusion in personal returns of information concerning directorships close companies and dividend income.
The regulations come into force on 6 April 2025 and will apply for returns for 2025/26 onwards.
The Government has however decided not to continue with the Income Tax (Pay As You Earn) (Amendment) Regulations 2024 which had been published in draft and would have required employers...
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Following the 2024 consultation the UK Government has decided to proceed with the additional requirements to report self-employment start and end dates and for directors of owner-managed businesses to include various extra details in the self-assessment tax return. Consequently the Income Tax (Additional Information to be included in Returns) Regulations SI 2025/84:
require the inclusion in personal returns trustee’s returns and partnership returns of the dates of commencement and cessation of business activities; and
require the inclusion in personal returns of information concerning directorships close companies and dividend income.
The regulations come into force on 6 April 2025 and will apply for returns for 2025/26 onwards.
The Government has however decided not to continue with the Income Tax (Pay As You Earn) (Amendment) Regulations 2024 which had been published in draft and would have required employers...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
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