Court of Appeal rules on scope of VAT exemption for insurance intermediary services
Payments to an EBT to avoid income tax and NICs did not have a ‘prohibited purpose’
Circular flow of funds not ‘income’
FA 2025 Sch 6 introduces some fundamental and far-reaching changes to the Employee Ownership Trusts (EOT) tax rules. HMRC view the changes as pure anti-avoidance to provide them with the tools to counter the undoubted abuse of the EOT tax...
The National Insurance Contributions (Secondary Class 1 Contributions) Act 2025 received royal assent on 3 April 2025. The Act: increases the secondary Class 1 NICs rate from 13.8% to 15%; reduces the Class 1 NICs secondary threshold from £175 to...
FA 2025 includes various provisions connected to the UK’s implementation of the OECD Pillar Two global minimum tax initiative. There are three main things to note: Undertaxed Profits Rule (UTPR): The main mechanism by which countries will...
Paul Farey (AECOM) assesses the impact of the Court of Appeal’s judgment in Gunfleet Sands....
Latest case hearing dates and appeals.
HMRC’s tax investigations into the UK’s largest businesses now last an average of 45 months, according to research by Pinsent Masons, with around half of the approximately 2,000 largest businesses covered by HMRC’s ‘Large Business Service’ in the UK...
This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.
