Hello,
This week, we look at HMRC’s latest Employer Bulletin, which provides various updates for the 2025-26 tax year and guidance on reporting 2024-25 expenses and benefits. In addition, we examine two First Tier Tribunal (FTT) decisions, with one being in the context of an overdrawn director’s loan account.
HMRC have published the Employer Bulletin for April 2025, which includes various updates for the 2025-26 tax year, as well as guidance on reporting 2024-25 expenses and benefits. We have summarised the key content for you, with links to our detailed guidance on the topics covered.
In Hani and Diana Gabra v HMRC [2025] TC09473, the First Tier Tribunal (FTT) found that Multiple Dwellings Relief (MDR) for Stamp Duty Land Tax (SDLT) purposes was not available on the purchase of a house with a separate annexe. The annexe lacked the facilities to meet basic domestic living needs.
The Federation of Small Businesses (FSB) has released a report, 'Taking a Toll: Small businesses and the cost of Tax Compliance'. The comprehensive document reports that small firms collectively spend over 27,000 years and nearly £25 billion per year on tax compliance, and reducing these levels would boost UK productivity.
In Gary Quillan v HMRC [2025] TC09487, the First Tier Tribunal (FTT) found that no Income Tax charge arose on an overdrawn director's loan from a company in insolvency, as the loan had not been formally released or written off.
Hello,
There is something of a VAT theme this week, as we explore the latest decision on mobile app ride-hailing and the Tour Operators Margin Scheme (TOMS), the ongoing saga of the VAT treatment of Mega Marshmallows, and the new VAT road fuel scale charges which apply from 1 May 2025.
Hello,
This week we examine the newly published 2024-25 tax return, provide an important reminder for some Furnished Holiday Let owners and report HMRC's security concerns surrounding Self Assessment repayments.
In Jonathan Paul Padbury v The Welsh Revenue Authority [2025] TC09470, the First Tier Tribunal (FTT) found that a taxpayer was not entitled to a refund of the higher rate of Land Transaction Tax (LTT). The impact of Coronavirus, which had delayed the sale of the taxpayer's previous primary residence, could not be considered.
In George Mantides v HMRC [2025] UKUT00124, the Upper Tribunal (UT) found that a hospital locum who operated through a Personal Service Company was subject to the IR35 rules. The hypothetical contract was one of employment.
As we're now counting down to Making Tax Digital (MTD) for Income Tax, HMRC’s MTD Team held an event for tax agents at Canary Wharf this week. We look at the practical suggestions arising from that session.