HMRC have published the annual update to the VAT road fuel scale charge amounts, as required under the VAT (Flat-rate Valuation of Supplies of Fuel for Private Use) Order, SI 2013/2911, articles 5–7. Businesses should use the new scale charge amounts...
With all the publicity that has surrounded other parts of FA 2025, practitioners could be forgiven for having missed the changes to the loans to participators regime tucked away in s 81. The rules: The ‘loans to participators’ rules in...
On its face, the new legislation imposing VAT on the provision of education by a private school seems straightforward – well put-together, even. It takes little time to realise, however, that perhaps the Government should have taken a couple...
As initially announced at Autumn Budget 2024, the government has committed to an independent review of the Loan Charge. The review, which is being led by Ray McCann, will examine the barriers preventing those who are subject to the Loan Charge but...
The new Foreign Income and Gains (FIG) regime comes into effect from 6 April 2025 which has been overshadowed by all the discussion on the abolition of the ‘non-dom’ regime. We should be spotlighting the FIG regime which is attractive for...
HMRC have sought to address CIOT concerns about the potential for double remittances on foreign income or gains in the non-domicile changes in Finance Act 2025. The CIOT argued that HMRC’s current view of past remittance rules appeared to be...
IHT dispute concerning dividing estate residue: In S Changizi v P Changizi and another [2025] EWHC 735 (Ch) (2 April) is a dispute between mother and son as to how the burden of the IHT liability should be met. In this case, the English estate...
Planning condition did not make residential property non-residential
Speaking recently with Tax Journal, the Exchequer Secretary to the Treasury James Murray addressed speculation over a potential reduction of the UK Digital Services Tax (DST) to facilitate a trade deal with the United States. Murray pointed out that...
