Issue 1712

Analysis

• Carried interest tax reform: next steps
• Tax and the City review for June 2025
• The Big, Beautiful Bill: one House down, one House to go
• Future focus: the potential reform of behavioural penalties

In brief

• HMRC’s updated DOTAS guidance
• Tax and PISCES

News

• HMRC manual changes: 13 June 2025
• Government makes concessions on carried interest plans
• HMRC’s update on Pillar Two guidance
• ATT issues MTD technical FAQs
• CIOT responds to loan charge review
• Government confirms winter fuel payment changes
• HMRC issue reassurance on data breaches

Cases

• Nellsar Ltd v HMRC
• Solent Pathway Campus Ltd v HMRC
• R Murphy v HMRC
• Other cases that caught our eye: 13 June 2025

One minute with

• One minute with... Claire Ayres

Trackers

• HMRC manual changes: 13 June 2025