Issue 1696

Analysis

• If I could turn back time: encouragement for taxpayers seeking rectification
• Mersey Docks: you’re my wonderwall
• Tax and the City review for February 2025
• Lifecycle of a transaction: structuring an acquisition

In brief

• Salaried members update

News

• HMRC manual changes: 14 February 2025
• Salaried members: HMRC reverses position on the TAAR and Condition C
• Tax sites designated in East Midlands investment zone
• SAYE scheme bonus rates updated
• Land transaction tax: subsidiary dwelling exemption
• Tax system costs billions in administration, says NAO
• £5.5bn lost to tax evasion could be significant underestimate, PAC warns
• Updated HMRC guidance for tax repayment agents
• HMRC note on trust & estate returns
• Progress of NICs Bill
• Late payment interest rates updated

Cases

• Lloyds Asset Leasing Ltd v HMRC
• S Fitzgerald and another v HMRC
• Sarabande v HMRC
• Another case that caught our eye: 14 February 2025

One minute with

• One minute with... Jack Bonehill

Trackers

• HMRC manual changes: 14 February 2025