Issue 1709

Analysis

• Beyond the billions: how the 100 Group’s tax contribution reflects a broader corporate responsibility
• Lifecycle of a transaction: Tax protections and W&I
• Certainty in uncertain times
• FA 2025 EOT rules and the impact on valuations
• VAT and the management of Special Investment Funds: the last six years

News

• HMRC manual changes: 23 May 2025
• Government will legislate to allow existing EMI and CSOP contracts to be exercised on PISCES
• HMRC issue guidance on new cryptoasset reporting rules
• Committee calls for delay to APR and BPR changes
• HMRC power to extend deadline for submission of final VAT return
• Increased penalties for late payment
• First stop notice for a named avoidance promoter
• Business debts to HMRC average £28bn per month
• HMRC reduce interest rates following base rate cut
• CIOT highlights priority areas for HMRC
• Latest Agent update

Cases

• HMRC v Industria Umbrella Ltd (In liquidation)
• N Powell v HMRC
• Impact Contracting Solutions Ltd v HMRC
• Other cases that caught our eye: 23 May 2025

One minute with

• One minute with... Richard McGill

Trackers

• HMRC manual changes: 23 May 2025