Issue 1733

Analysis

• Tax Journal's 2025 Budget coverage
• More of a stew than a smorgasbord?
• Budget 2025: Economics view: One and done… becomes two and done
• Budget 2025: Curtailing TOMS
• Budget 2025: Energy: the fiscal regime post-EPL
• Budget 2025: Gambling duty reform: higher rates where higher risk of harm
• Budget 2025: HMRC’s whistleblower scheme launches with limited detail
• Budget 2025: Expect a more proactive HMRC and a tougher compliance environment
• Budget 2025: Budget changes to pensions
• Budget 2025: Property taxes: it could have been worse
• Budget 2025: Carried interest: the dog that didn’t bark?
• Budget 2025: Pension salary sacrifice: considerations for employers
• Budget 2025: CGT aspects
• Budget 2025: DST heading for a Clash: should I stay, or should I go now?
• Budget 2025: Two things about corporation tax
• Budget 2025: Issues surrounding the ‘mansion tax’
• Budget 2025: International private client tax issues
• Budget 2025: The cost of being an owner manager
• Budget 2025: Complaints old and new: what the Budget really tells us about tax
• Budget 2025: A Cheshire-cat type of a Budget?
• Budget 2025: The delayed Budget that arrived early
• Budget 2025: the tax measures

News

• HMRC manual changes: 28 November 2025
• A Budget for complexity and delayed tax rises
• UK’s largest companies generated over £90bn in taxes, according to 100 Group report
• Land transaction tax reliefs extended to further tax sites
• HMRC Wealthy Team’s nudge letters
• HMRC intensify scrutiny of EU businesses

Cases

• AD Bly Groundworks and Civil Engineering Ltd v HMRC
• Milton Park Holdings Ltd and another v HMRC
• J Font v HMRC
• Other cases that caught our eye: 28 November 2025

Trackers

• HMRC manual changes: 28 November 2025