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1 week ago | 
taxjournal.com | Peter Vaines |Liz Hunter |Dan Neidle |Mark Bevington
The FTT recently ruled in favour of HMRC in the case of A Moran v HMRC [2025] UKFTT 540 (TC) (reported in Tax Journal, 30 May 2025), which provides valuable insight into the application of the transfer of assets abroad (TOAA) rules under ITA 2007 ss 731–733. It found that Mrs Moran (the taxpayer) was liable for income tax in respect of rent-free occupation of the ‘Highlands’ (the UK property in question).
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2 weeks ago | 
taxjournal.com | Peter Vaines |Liz Hunter |Dan Neidle |Mark Bevington
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3 weeks ago | 
taxjournal.com | Mark Bevington |Dan Neidle |Peter Vaines |Greg Smythe
On 28 April 2025 HMRC released a further consultation on reform to the Transfer Pricing (TP) Permanent Establishment (PE) and Underassessed Transfer Pricing Profits (UTPP) rules – the latter being the proposed replacement for the unloved DPT rules. In some places these rules meet HMRC’s stated objective of simplification. Many will welcome the ending of UK-UK TP rules when (broadly) no tax is at stake overall.
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Apr 10, 2024 | 
taxjournal.com | Mark Bevington |Angela Browning |Edward B. Hayes |Helen Adams
HMRC have updated the 2024/25 version of its CWG2 employer guide to PAYE and NICs to note the following:tax-free lump sums over £30,000 paid to employees who cannot work due to disability, injury or ill health no longer need to be reported to HMRC (also reflected in the 2023/24 edition);the new rules around reporting salary advances have been added; andthe latest rates of NICs have been updated as necessary throughout. HMRC have also published the 2024/25 edition of its guide CA44 .
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Apr 10, 2024 | 
taxjournal.com | Mark Bevington |Angela Browning |Edward B. Hayes |Helen Adams
The Welsh Government is consulting until 19 May 2024 on proposals to abolish land transaction tax multiple dwellings relief (MDR) in Wales, following the equivalent change in England with the removal of SDLT MDR from 1 June 2024. The change would have effect in Wales from the same date, or ‘as soon as possible thereafter’. The proposal, says the Welsh Government, is ‘precipitated’ by the likely impact on the Welsh Block Grant of the decision to abolish SDLT MDR in England.
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Apr 10, 2024 | 
taxjournal.com | Mark Bevington |Angela Browning |Edward B. Hayes |Helen Adams
Home >Articles > New guidance on pension lump-sum allowances
New guidance on pension lump-sum allowances
10 April 2024
HMRC have published the following new guidance which explains in straightforward terms how the individual lump sum allowance and lump sum death benefit allowance work from 6 April 2024, following abolition of the lifetime allowance:Find out the rules around Individual Lump Sum Allowances; andHow to tell HMRC about a lump sum death benefit charge.
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Apr 10, 2024 | 
taxjournal.com | Mark Bevington |Angela Browning |Edward B. Hayes |Helen Adams
Home >Articles > Creative industry reliefs Directions
Creative industry reliefs Directions
10 April 2024
HMRC have issued new Directions for the electronic delivery of additional information and amendments to corporation tax returns, both in relation to claims for the creative industry tax reliefs.
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Apr 10, 2024 | 
taxjournal.com | Mark Bevington |Angela Browning |Edward B. Hayes |Helen Adams
Home >Articles > HMRC Stakeholder Digest HMRC Stakeholder Digest 10 April 2024 HMRC’s 3 April 2024 Stakeholder Digest provides a number of helpful reminders for practitioners: the open consultation on proposed options for regulation of the tax advice market which runs to 29 May 2024, and separate further consultation on the tax administration framework (looking at HMRC’s powers, penalties and taxpayer safeguards); the 6 April 2024 NICs rate changes, noting that the UK government intends to...
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Apr 10, 2024 | 
taxjournal.com | Mark Bevington |Angela Browning |Edward Hayes |Helen Adams
Shadow Chancellor, Rachel Reeves, has pledged that, should Labour form the next government, it will ‘crack down on tax dodgers’ to reduce the tax gap and direct the resulting extra £5bn a year in public funds to the NHS and schools.
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Apr 10, 2024 | 
taxjournal.com | Mark Bevington |Angela Browning |Edward B. Hayes |Helen Adams
HMRC have issued new guidance to accompany recent regulations (SI 2024/440) which gave effect to the new late-filing and late-payment penalties regime in relation to those who sign up to Making tax Digital for Income Tax Self-Assessment (MTD for ITSA) on a voluntary basis. Anyone signing up voluntarily to MTD for ITSA, before the April 2026 start date, will need to confirm that they agree to the new penalties regime applying to them (agents are able to agree on behalf of clients).
