In County Insurance Services Limited v HMRC [2025] TC09697, the First Tier Tribunal (FTT) found that amortisation relief was not available on goodwill following a partnership's incorporation.
SME Tax News
HMRC have released Employment-Related Securities (ERS) Bulletin 62. It contains details from Autumn Budget 2025, including on the Private Intermittent Securities and Capital Exchange System (PISCES), Enterprise Management Incentives (EMI) and the published summary of responses to the Share Incentive Plans (SIP) and Save As You Earn (SAYE) 2023 call for evidence.
The government has released a call for evidence seeking opinions on reforming business rates and investment. The aim is to explore how moving to a marginal tax rate, where successive bands are taxed at increasing rates, may be beneficial for investment.
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We cover a wide range of topics this week, including the Loan Charge, share schemes, behavioural penalties and Research & Development, to name only a few. In addition, following last week’s Budget, the Overview of Tax Legislation and Rates (OOTLAR) was finally published on Friday.
The government has published a response to the 2025 Independent Loan Charge Review. With retrospective effect from 5 April 2019, a settlement opportunity will be introduced to encourage those who have not settled their disguised remuneration loan charge with HMRC to date.
The government has published a response to its consultation 'Reform of behavioural penalties'. The responses highlighted a need to simplify and modernise the current penalty regime for inaccuracies in returns and the failure to notify chargeability to tax.
The government has published a response to its call for evidence, 'Non-Discretionary Tax-Advantaged Share Schemes'. Respondents suggested various improvements to the Share Incentive Plan (SIP) and Save As You Earn (SAYE) schemes, which are under consideration.
The government has published its response to the consultation 'Research and development tax relief clearances'. The consultation highlighted the need for reform of the current advance assurance system.
HM Treasury has published 'Tax Support for Entrepreneurs: Call for Evidence', seeking opinions on potential tax reform to support business founders in the UK.
HMRC have published their Agent Update for November 2025. We have summarised the key content, including updates on the Class 2 National Insurance SA302 issue, a tax fraud warning about employment agencies, Making Tax Digital and Freeport news.
