In The Executors of Keith Denis Lewis Beresford vs HMRC [2024] TC09333, the First Tier Tribunal (FTT) found that shares in a holding company did not qualify as ‘relevant business property’ for IHT purposes. Its subsidiary was not undertaking a qualifying business activity for IHT.
Accounting expert firm 20:20 Innovation, a leader in providing practice development support, compliance resources, and CPD training for UK accounting practices, has acquired the Rossmartin practical tax database and resources, together with its associated Virtual Tax Partner (VtaxP) support service.
Missed our SME Tax Web-updates in October? Here is a summary of the month.
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Chancellor Rachel Reeves' first budget contains a vast range of measures capable of affecting businesses of all shapes and sizes.
In Paul Anthony Haigh vs HMRC [2024] TC09284, the First Tier Tribunal (FTT) accepted HMRC’s decision to refuse a notice for pension Lifetime Allowance Fixed Protection (FP 2012) after it was received ten years late.
HMRC have published their Agent Update for October 2024. We have summarised the key content with links to our detailed guidance on the topics covered, including changes to the Agent Dedicated Line and Stamp Duty Land Tax (SDLT) on uninhabitable dwellings.
The fourth annual review of HM Treasury's Investing in Women Code has shown another steady increase in the number of financial services firms willing to support female entrepreneurs looking for funding.
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With only a few days to go until the long-anticipated Autumn Budget, we have something of a bumper update for you this week. This includes a proposed timetable for Companies House reform, increased company size thresholds, a new HMRC tax avoidance spotlight, and several tribunal cases.
The Government has published a paper, 'Next Steps to Make Work Pay', with the aim of growing the economy, raising living standards and creating 'opportunities'. Four targeted consultations have also been released.
In Trustees of Panico Panayi A&M Settlements and Redevco Properties UK Limited HMRC [2024] UT319, the Upper Tribunal (UT) held that under a 'conforming interpretation' of UK law, the FTT was able to retrospectively insert a new five-year payment deferral rule on a dry exit charge applied when a trust or company moved their tax residence abroad.
