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.
In Mike Lazaridis v HMRC [2024] TC09321, the First Tier Tribunal (FTT) ruled that 40 acres of fields were part of the grounds of a residential property, despite being used for commercial grass production by an unconnected third party under a formal licence agreement.
As part of the Government’s plan to 'Make Work Pay', a consultation on ‘strengthening statutory sick pay' has been released. This consultation outlines key changes to be made to the current criteria for statutory sick pay and seeks views on the implementation of these new measures.
As part of the Government’s plan to 'Make Work Pay', a consultation on ‘the application of zero hours contract measures to agency workers' has been released. This consultation seeks feedback on how the new measures should be applied to agency workers.
As part of its ‘ Making Work Pay’ commitment, the Government has opened a consultation on creating a modern framework for industrial relations.
As part of the Government’s plan to 'Make Work Pay', a consultation 'Making Work Pay: collective redundancy and fire and rehire' has been released. This seeks views on strengthening remedies against abuse of rules on collective redundancy and fire and rehire.
From 30 October 2024, eligible companies will be able to apply for certification to receive the enhanced uplift in AVEC at a rate of 53% for qualifying expenditure incurred on or after 1 April 2024.
A policy paper 'Economic Crime and Corporate Transparency Act: outline transition plan for Companies House' has been released. It follows the Economic Crime and Corporate Transparency Bill that was introduced into Parliament on 22 September 2022 and received Royal Assent on 26 October 2023.
In a written statement to Parliament, the Secretary of State for Business and Trade, Jonathan Reynolds, has confirmed that the Government will take forward proposals to increase the monetary size thresholds for UK companies.
Hello
This week we have HMRC’s latest Employer Bulletin, an update on corporate reporting for medium-sized companies, and progress on the UK’s establishment of a corporate re-domiciliation regime.
