Issue 1699

Analysis

• RBC: from the island of literal interpretation to the continental shelf
• Findings of fact are stubborn things: A Taxpayer v HMRC
• Personal tax reform: a not-so-modest proposal
• Barclays’ tech outage: penalties, interest and HMRC’s constitutional boundaries
• The VAT review for March 2025

In brief

• The Good, the Bad and the Ugly: the IHT consultation on agricultural and business property
• Home loan schemes: lessons from Elborne
• New HMRC guidance on subcontracted and subsidised R&D
• Finance Bill Report Stage amendments to the non-dom reforms

News

• Special report: The consultation on the impact on trusts of forthcoming reforms to BPR and APR
• HMRC manual changes: 7 March 2025
• HMRC consult on APR/BPR changes for trusts
• Finance Bill passes Report Stage
• Lords agrees exemptions from NICs increases
• RIFs regulations introduced
• Tax exemption for new Scottish benefit
• OECD publishes consolidated report on Amount B
• HMRC pursue suspected energy profits levy underpayments
• New tribunal guidance on PDF bundles
• Scottish Budget Bill 2025/26 passed

Cases

• HMRC v Appellants in the Post Prudential Closure Notice Group Litigation
• C Poulton v HMRC
• Advanced Hair Technology Ltd v HMRC
• Other cases that caught our eye: 7 March 2025

One minute with

• One minute with... Ellen Milner

Trackers

• HMRC manual changes: 7 March 2025