Hello,
The Autumn Budget is approaching! This week, the Chancellor Rachel Reeves announced the date of the 2025 Autumn Budget and outlined her priorities for it. The possible content of the Budget on 26 November is causing much speculation, and, of course, you will find comprehensive coverage of Budget announcements on rossmartin.co.uk when the time comes.
In Archer (UK) Limited v Revenue Scotland [2025] FTSTC 10, the First Tier Tribunal (FTT) for Scotland found that a Minute of Variation to extend a lease originally granted under the Stamp Duty Land Tax (SDLT) regime was not a deemed new lease for Land and Buildings Transaction Tax (LBTT) purposes. No LBTT was due.
In Moses Mukuna v HMRC [2025] TC09619, the First Tier Tribunal (FTT) found that tax relief was not available on extensive employment expenses claimed by a bus driver, due to fraudulent behaviour.
HMRC have released their latest property income statistics for 2023-24. The statistics show that property income received by all unincorporated landlords reached its highest point in the last five years, having increased to £55.53 billion, up from £47.44 billion last year.
Missed our SME Tax Updates in August? Here is a summary of the month.
The Chancellor, Rachel Reeves, has announced that the 2025 Autumn Budget will be presented on Wednesday, 26 November 2025.
Hello,
There are several important updates for employers this week, as HMRC publish their latest Employer Bulletin. We also have the August Agent Update, a First Tier Tribunal decision considering the meaning of 'life', and revised company car advisory fuel rates from 1 September.
In Darren Locke v HMRC [2025] TC09604, the First Tier Tribunal (FTT) found that a taxpayer had deliberately failed to notify HMRC of his chargeability to Income Tax. The obligation to notify applied to all taxable income and did not rest solely on whether a profit had been made in the taxpayer’s rental business.
In Craig William Burley v HMRC [2025] TC09613, the First Tier Tribunal (FTT) found that a taxpayer remained entitled to, and therefore subject to Income Tax on, partnership profits. This was despite an assignment of his partnership interest to a Limited Liability Partnership in which he had no profit share.
HMRC have lowered the threshold for requesting supporting evidence for additional and higher-rate taxpayers who claim relief on their personal pension via their PAYE tax code. In addition, claims can no longer be made by telephone. HMRC's guidance has now been updated, detailing the new rules.
