Issue 1674

Analysis

• Much ado about non-doms: the new policy paper
• A capital blow for deducting management expenses
• 10 questions on Uncertain Tax Treatment
• The Court of Appeal favours form over function in GE Financial
• Protecting and passing family wealth
• Partnerships and SP D12
• VAT on private school fees: 10 takeaways
• Disapplication of the option to tax: issues for landlords and tenants

News

• HMRC manual changes: 2 August 2024
• HMRC’s annual report: compliance yield up 23%, but customer service remains ‘one of HMRC’s biggest challenges’
• Reeves sets out tax commitments and confirms October Budget
• MTD: clients with multiple sources of income
• Tax exemptions for Horizon payments
• Simple assessment guide for pensioners
• Workplace nursery tax rules
• OECD publishes tax reports
• Professional bodies discuss priorities for the tax system

Cases

• HMRC v HFFX LLP and others
• CCLA Investment Management Ltd v HMRC
• Lycamobile UK Ltd v HMRC
• Other cases that caught our eye: 2 August 2024

One minute with

• One minute with... Emma Rawson

Trackers

• HMRC manual changes: 2 August 2024