Hello,
This week we have our take on yesterday's Autumn Statement, updates to some of our guides and some more topical case updates.
Hello,
This week we have our take on yesterday's Autumn Statement, updates to some of our guides and some more topical case updates.
In HMRC v Fisher & Anor and HMRC v Fisher Respondent No 2 [2023] UKSC 44, the Supreme Court held that the transfer of a business to Gibraltar could not be a Transfer of Assets Abroad as it was not made by the individual shareholders but by a company owned by them.
The Chancellor announced the following measures on National Insurance in his 2023 Autumn Statement.
In Gary Ives v HMRC [2023] TC08989, the First Tier Tribunal (FTT) found that the appellant was not carrying on a trade by renovating and selling three successive properties. These were family homes subject to Capital Gains Tax (CGT) and, as such, Private Residence Relief (PRR) applied.
In Access Contracting Services Ltd v HMRC [2023] TC08994, the First Tier Tribunal (FTT) found that a company had not taken reasonable care to comply with the Construction Industry Scheme (CIS) regulations. The FTT upheld HMRC’s assessment of CIS under-deducted from subcontractors.
The Chancellor announced the following measures on Stamp Taxes in his 2023 Autumn Statement.
The Chancellor, Jeremy Hunt, made his 2023 Autumn Statement speech at 12.30 today. Highlights of his speech follow here. Further details will be published by the government online via HMRC and Treasury channels following the speech.
HMRC have issued their Agent Update for November 2023. We have summarised the key content for you with links to our detailed guidance on the topics covered.