In Fitzgerald & Anor v HMRC [2025] TC09415, the First Tier Tribunal (FTT) ruled that Multiple Dwellings Relief (MDR) was not available for an annexe. The planning permission specified that it could only be used for ancillary purposes to the house and it was not a separate unit of residential accommodation.
Missed our SME Tax Web-updates in February? Here is a summary of the month.
HMRC have launched a consultation ‘Reforms to Inheritance Tax agricultural property relief and business property relief: application in relation to trusts’. This explores the technical application of the proposed Inheritance Tax (IHT) changes, announced at the 2024 Autumn Statement, in the context of trusts.
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This week we explore HMRC’s February Agent Update, new advisory fuel rates, HMRC’s latest compliance activity and much more besides.
In The Executors of Mrs Leslie Vivienne Elborne Deceased & Ors v HMRC [2025] UKUT 00059 (TCC), the Upper Tribunal (UT) found that an Inheritance Tax (IHT) home loan scheme was valid. The value of a settled property within a deceased's estate could be reduced for IHT purposes by an associated loan note as it was not a 'debt incurred by' the deceased under anti-avoidance legislation.
In their latest one-to-many letter campaign, HMRC are targeting individuals believed to be operating in the hidden economy by selling via online marketplaces and not declaring their income.
HMRC have published their Agent Update for February 2025. We have summarised the key content with links to our detailed guidance on the topics covered, including 2025-26 ATED returns, the Official Rate of Interest from 6 April 2025, changes to Employer's National Insurance and the Employment Allowance.
HMRC have published new advisory fuel rates for company car drivers that apply from 1 March 2025.
Hello,
This time, another Employer Bulletin, two GAAR panel opinions, a new development in the LLP salaried member rules, an 'E-invoicing' consultation, a closer look at 'exceptional circumstances' day-counting for Statutory Residence and another student union bar VAT case.
In Anglia Ruskin Students’ Union v HMRC [2025] EWHC 296 (Admin), an application for judicial review of HMRC’s decision that a student café was a ‘bar’ and therefore did not qualify for a VAT extra-statutory concession exempting sales from VAT was denied. The court found that the cafe was a bar and there was nothing irrational about HMRC's decision-making process in making that conclusion.
