Issue 1700

Analysis

• APR and BPR reform: time to make hay while the sun shines?
• Initiative and the tax tribunal: a higher calling?
• Suboptimal access: HMRC and data requests
• Tax insurance: taxation of proceeds and gross-up
• Tax and the City review for March 2025

In brief

• Update on the Register of Overseas Entities
• Carried interest compliance

News

• HMRC manual changes: 14 March 2025
• Murray announces new measures to ease administration and reduce tax gap
• Government to legislate umbrella company changes
• HMRC consult on oil and gas price mechanism
• HMRC to issue new guidance on non-dom changes
• Official rate of interest increased
• NICs rates and thresholds for 2025/26
• HMRC to end online filing service for company accounts and tax returns
• Senedd passes Welsh Budget
• SDLT online refund service now available to agents

Cases

• Hastings Insurance Services Ltd v HMRC
• Sammy Garden Ltd v HMRC

One minute with

• One minute with... Gideon Sanitt

Trackers

• HMRC manual changes: 14 March 2025