Hello,
We have previously highlighted that some individuals due to receive Winter Fuel Payments (WFPs) this year may wish to opt out if their 2025-26 income will exceed £35,000, to avoid the administration and complexity of WFP clawback through the tax system.
In Trevor John Masters v HMRC [2025] TC09607, the First Tier Tribunal (FTT) found that withdrawals from a Self-Invested Personal Pension (SIPP) by a non-UK resident were not taxable in the UK, under the terms of the Double Tax Treaty (DTT).
HMRC have launched a new online form for agents, allowing them to register for access to support while preparing for Making Tax Digital for Income Tax.
Hello,
This week, we are pleased to publish a new suite of subscriber guides focusing on globally mobile employees. We also have the latest statistics on Inheritance Tax, estimates of the number of taxpayers that will be impacted by Making Tax Digital for Income Tax, as well as more decisions from the tax tribunals.
HMRC have been given until 18 September to comply with a Freedom of Information (FOI) request and reveal whether it used artificial intelligence when making judgments on Research & Development (R&D) tax credits.
HMRC have published the statistical report, 'Official Statistics 'Making Tax Digital for Income Tax business population statistics: commentary', which indicates that 864,000 individuals will have to sign up by April 2026.
HMRC's interest rates are decreasing by 0.25%, to 8.00% for late payment interest and 3.00% for repayment interest, from 27 August 2025.
In Parwinder Gill v HMRC [2025] TC09602, the First Tier Tribunal (FTT) allowed an application to reinstate an appeal previously struck out due to the taxpayer's failure to comply with directions. The taxpayer had a reasonable excuse, as his adviser did not inform him of his responsibilities.
In York SD Limited and Ors v HMRC [2025] TC09589, the First Tier Tribunal (FTT) denied the taxpayers’ Enterprise Investment Scheme (EIS) relief claim, ruling that preliminary work without a profit motive was not genuine trading. Main projects which were still incomplete at the two-year deadline could not be treated as qualifying business activities.
HMRC have published their latest statistics on Inheritance Tax (IHT), showing that receipts reached record levels in 2022-23. This was despite less than 5% of estates paying IHT, and the value of Agricultural Property Relief (APR) and Business Property Relief (BPR) claims increasing by 24% and 17% respectively.
