Issue 1732

Analysis

• When company law attacks: group relief traps
• Corporate governance reform and tax risk
• Private client review for November 2025
• The ever-expanding scope of taxable ‘debt collection’
• Ask an expert: LLP to company - navigating incorporation relief

In brief

• Fixing the FIG regime before extending it
• Welsh Government consults on LTT and other tax changes
• Yet more Budget speculation

News

• HMRC manual changes: 21 November 2025
• Tax stability key for internationally mobile individuals
• HMRC campaign on management expenses
• Partnership NICs potentially scrapped, but concerns remain
• Set tax thresholds at real values, says IFS
• Public services pension remedy: offsetting of tax charges
• UK extends Gibraltar financial services arrangements
• OECD Model Tax Convention updated
• GenAI ‘top priority’ say tax leaders

Cases

• HMRC v Moir Management Services Ltd
• 1st Alternative Medical Staffing Ltd v HMRC
• J Dreyer v HMRC
• Other cases that caught our eye: 21 November 2025

One minute with

• One minute with… Peter Clements

Trackers

• HMRC manual changes: 21 November 2025

Ask an expert

• Ask an expert: LLP to company - navigating incorporation relief