NICS

Damien Crossley and Bezhan Salehy (Macfarlanes) examine the Government’s latest policy paper.

The Shadow Treasury Minister in the House of Lords, Baroness Neville- Rolfe DBE CMG, explains why and how the Opposition challenged the Government’s NIC changes in the House of Lords.

Cabin crew accommodation deductible on back-to-back flights: In HMRC v British Airways Plc [2026] UKUT 366 (TCC) (28 September), the UT dismissed HMRC’s appeal, holding that compulsory Heathrow hotel accommodation for cabin crew on back-to-back...

Employee ‘loans’ were taxable earnings: In J Lowry v HMRC [2026] UKFTT 1279 (TC) (3 September), the FTT dismissed the taxpayer’s appeal, finding that substantial interest-free ‘loans’ received through an employee remuneration arrangement were taxable...

Alexander Cox

Loviisa Langdon

Loviisa Langdon and Alexander Cox (Kirkland & Ellis) explain how the new carried interest rules apply to evergreen funds and highlight the complexities surrounding timing, valuation and average holding periods.

Host employer rules: no control needed for NIC liability.

Employment-related securities: differential exit proceeds taxable as earnings

Transactions in securities regime: I Oscroft and others v HMRC [2026] UKFTT 251 (TC) (12 February) confirms HMRC’s long-standing view (put beyond doubt by a subsequent amendment to the legislation) that profits available for distribution include...

Class 1A NICs on ‘pooled’ cars: 1993 agreement gives no estoppel or legitimate expectation

HMRC application to set aside barring order refused

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