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Mar 6, 2025 | 
taxjournal.com | Benjamin M. Craig |Helen McGhee |David Whiscombe
The Chancellor of the Exchequer Rachel Reeves announced in the Autumn Budget on 30 October 2024 that two major reliefs from inheritance tax (IHT) Agricultural Property Relief (APR) and Business Property Relief (BPR) would be significantly reformed. In essence the 100% relief from IHT on qualifying business property including company shares and agricultural property which has applied for over 30 years will be capped and a new reduced rate of relief of 50% will apply above the limit.
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Mar 6, 2025 | 
taxjournal.com | Benjamin Craig |Helen McGhee |David Whiscombe
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Mar 5, 2025 | 
taxjournal.com | Jessica Kemp |Catherine Hill |Benjamin M. Craig |Helen McGhee
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Mar 5, 2025 | 
taxjournal.com | Benjamin M. Craig |Helen McGhee |David Whiscombe
HMRC have opened 14 investigations for suspected underpayments of the energy profits levy by oil and gas companies reports Pinsent Masons. Jake Landman Partner and tax disputes specialist at the firm said: ‘The Energy Profits Levy is an extremely high-profile new tax and HMRC is treating compliance very seriously. Normally when a new tax is introduced HMRC takes a ‘soft launch’ approach to enforcement.
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Mar 5, 2025 | 
taxjournal.com | Benjamin M. Craig |Helen McGhee |David Whiscombe
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Mar 5, 2025 | 
taxjournal.com | Benjamin M. Craig |Helen McGhee |David Whiscombe
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Mar 5, 2025 | 
taxjournal.com | George Gillham |Benjamin M. Craig |Helen McGhee |David Whiscombe
Disclaimer: This is a ‘think piece’ and should not be presumed to be a reflection of the author’s personal viewpoint nor that of Fieldfisher. But let’s discuss it! I remember my tutor on the Inland Revenue inspector training course saying that any experienced tax professional could draft you a fairer and better tax system than our current one on the back of a cigarette packet. Perhaps now is the time to propose a radical simplification of personal taxation.
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Mar 5, 2025 | 
taxjournal.com | Benjamin M. Craig |Helen McGhee |David Whiscombe
In Advanced Hair Technology Ltd v HMRC [2025] UKFTT 241 (TC) (20 February) the FTT found that for the sample cases reviewed hair transplant services did not qualify for the VAT exemption covering medical care. The appellant Advanced Hair Technology (AHT) supplied hair transplant services for the treatment of male pattern baldness (medically known as androgenetic alopecia ‘AGA’).
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Mar 5, 2025 | 
taxjournal.com | Helen McGhee |Benjamin M. Craig |David Whiscombe
The Finance Bill 2025 Report Stage amendments were published mid-afternoon on Tuesday 25 February. The Committee Stage amendments had been somewhat lacklustre – but following inviting comments around the Temporary Repatriation Relief (TRF) made by the Chancellor at the World Economic Forum at Davos, hopes were high for some softening of the changes to the taxation of non-UK domiciled individuals to stem the surge of wealth leaving the UK.
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Mar 5, 2025 | 
taxjournal.com | Benjamin Craig |Helen McGhee |David Whiscombe
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