In Muller UK and Ireland Group LLP & Ors v HMRC [2024] UT 00273, the Upper Tribunal (UT) held that the Limited Liability Partnership (LLP) was related to all of its corporate members despite not being a 'company'. As a consequence, the relief claimed for the amortisation of Intellectual Property (IP) acquired from those companies was denied.
The much-anticipated Employment (Allocation of Tips) Act 2023 (the Tipping Act) comes into force on 1 October 2024 for England, Scotland and Wales.
In HMRC v Professional Game Match Officials Ltd (Appellant) [2024] UKSC 29, the Supreme Court has nearly settled the long-running battle over the PAYE status of part-time football referees. The final decision now rests with the First Tier Tribunal (FTT) to determine whether or not a contract of employment exists.
The Scottish Government has announced that its 2024 Budget will be held on Wednesday 4 December 2024. This will set the tax and spending plans for Scotland for 2025-26.
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The Welsh Parliament has announced that its outline and detailed draft Budget will be published on Tuesday 10 December 2024. This will set out the tax, spending and financing plans for Wales for 2025-26.
In Dimitrakis G Demetriou & Anor v HMRC [2024] TC09288, the First Tier Tribunal (FTT) found that a wild fishery business did not qualify for Inheritance Tax (IHT) Business Property Relief (BPR). The business consisted mainly of holding investments.
HMRC have released a report, 'UK payrolled employments by nationality, region, industry, age and sex, from July 2014 to December 2023' which showed the total of payrolled jobs in the UK increased by 1%, from 31.7 million to 32.0 million over the past year.
Hello,
This week we've been looking at what we can all learn from a National Audit Office (NAO) report on tax evasion in the retail sector, there are more 'One to many' letters coming out from HMRC, this time targeting higher rate taxpayers and remittance basis users. Do have a read of our cases, as we pick out ones that we think have good educational value for advisers.
HMRC's Wealthy Team are sending a one-to-many letter to individuals whom HMRC believe should have paid a remittance basis charge in 2022-23.
The National Audit Office (NAO) pulls no punches in its latest report, 'Tackling tax evasion in high street and online retail'. It concludes that HMRC are slow in preventing phoenixing, disguised residency and electronic sales suppression. Tax evasion is growing in the small business sector and whilst HMRC have identified issues, they've done almost nothing to prevent them.
