Issue 1708

Analysis

• The clock is ticking on President Trump’s Tax Bill
• TP, DPT and UTPP: twists, turns and transformations
• Private client review for May 2025
• Code of Practice 9 and discovery assessments
• Time is money: how to mitigate late payment interest in tax disputes

News

• HMRC manual changes: 16 May 2025
• Proposals targeting promoters of avoidance risk ‘eroding trust in the tax system’, says the ICAEW
• E-invoicing should be phased in, says ATT
• Lump sum payments on divorce
• Gilt-edged securities list updated
• SAYE scheme bonus rates reduced
• HMRC target VAT grouping ‘avoidance’
• Updated commentary on GloBE rules
• FTT Direction promotes use of ADR
• Tribunal power to ‘set aside’ updated
• HMRC reduce interest rates following base rate cut
• Rise in HMRC ‘dawn raids’

Cases

• R (on the application of Rettig Heating Group UK Ltd (in liquidation)) v HMRC
• Accuro Trust (Switzerland) SA v HMRC
• NHS Ayrshire & Arran Health Board v HMRC
• Realbuzz Group Ltd v HMRC
• Other cases that caught our eye: 16 May 2025

One minute with

• One minute with... Oliver Currall

Trackers

• HMRC manual changes: 16 May 2025