NEWS

The Centre for the Analysis of Taxation (CenTax) has published a new report considering potential revenue-raising opportunities from the introduction of secondary Class 1 NICs (or similar equivalent) on partnership profits. Equalising national...

SDLT has been in the news recently, following scrutiny of Angela Rayner’s property purchase and complex personal circumstances. The higher rate of SDLT for purchases of second homes does not generally apply where an individual disposes of their main...

The ATT has published its response to the ‘Legislation Day’ draft legislation which proposes bringing unused pension funds and death benefits into scope of IHT from 6 April 2027. Commenting on the draft legislation and policy paper, Reforming...

The Aggregates Tax and Devolved Taxes Administration (Scotland) Act 2024 (Commencement No 2) Regulations, SSI 2025/243, bring numerous provisions of the 2024 Act into force, with various regulation-making powers having effect from 16 September 2025,...

HMRC have published the ‘synthesised’ version of the UK’s 1994 double taxation agreement with Vietnam, incorporating various changes as a result of application of the OECD Multilateral Convention to Implement Tax Treaty Related Measures to Prevent...

HMRC have, for the first time, published the name of a practising tax barrister in their list of promoters of tax avoidance schemes. Setu Kamal is named in relation to four schemes on the list, and HMRC include the following note: ‘HMRC suspects Setu...

HMRC have launched a new online tool to help company officers and agents ascertain whether or not the company should make a claim for corporation tax overpayment relief. ...

HMRC have updated their guidance, Authorising an agent to deal with your tax affairs, to cover how clients can give limited authorisation to an agent. For limited authorisations, the individual taxpayer is required to write a letter of authority to...

The Treasury has issued draft regulations which will, principally, amend the Anti-Money Laundering Regulations, SI 2017/692. The changes will include measures to make customer due diligence more proportionate and effective, strengthen information...

HMRC received a record 164,670 anonymous fraud tip-offs in 2024/25, up almost 9% over the previous tax year. Price Bailey reports, however, that payments to informants over the same period fell by 13%, suggesting that HMRC are being ‘inundated with...