In their latest one-to-many letter campaign, HMRC are targeting individuals believed to be operating in the hidden economy by selling via online marketplaces and not declaring their income.
SME Tax News
In The Executors of Mrs Leslie Vivienne Elborne Deceased & Ors v HMRC [2025] UKUT 00059 (TCC), the Upper Tribunal (UT) found that an Inheritance Tax (IHT) home loan scheme was valid. The value of a settled property within a deceased's estate could be reduced for IHT purposes by an associated loan note as it was not a 'debt incurred by' the deceased under anti-avoidance legislation.
HMRC have published new advisory fuel rates for company car drivers that apply from 1 March 2025.
HMRC have published their Agent Update for February 2025. We have summarised the key content with links to our detailed guidance on the topics covered, including 2025-26 ATED returns, the Official Rate of Interest from 6 April 2025, changes to Employer's National Insurance and the Employment Allowance.
Hello,
This time, another Employer Bulletin, two GAAR panel opinions, a new development in the LLP salaried member rules, an 'E-invoicing' consultation, a closer look at 'exceptional circumstances' day-counting for Statutory Residence and another student union bar VAT case.
In Anglia Ruskin Students’ Union v HMRC [2025] EWHC 296 (Admin), an application for judicial review of HMRC’s decision that a student café was a ‘bar’ and therefore did not qualify for a VAT extra-statutory concession exempting sales from VAT was denied. The court found that the cafe was a bar and there was nothing irrational about HMRC's decision-making process in making that conclusion.
HMRC and the Valuation Office Agency (VOA) have responded to the 'Adjudicator's Office annual report 2024' acknowledging that this was a difficult period with serious challenges in delivering customer services.
HMRC and the Department for Business and Trade (DBT) have launched a consultation 'Promoting electronic invoicing across UK businesses and the public sector'. Views are sought on standardising electronic invoicing and increasing its adoption in the UK.
In A Taxpayer v HMRC [2025] EWCA CIV 106, the Court of Appeal found that a taxpayer was eligible for non-resident status for UK Income Tax purposes due to ‘exceptional circumstances’ relating to her sister’s ill health.
HMRC have published the Employer Bulletin for February 2025 which includes advance planning for the tax year-end. We have summarised the key content for you, with links to our detailed guidance on the topics covered.
