HMRC and the Valuation Office Agency (VOA) have responded to the 'Adjudicator's Office annual report 2024' acknowledging that this was a difficult period with serious challenges in delivering customer services.
SME Tax News
HMRC and the Department for Business and Trade (DBT) have launched a consultation 'Promoting electronic invoicing across UK businesses and the public sector'. Views are sought on standardising electronic invoicing and increasing its adoption in the UK.
In A Taxpayer v HMRC [2025] EWCA CIV 106, the Court of Appeal found that a taxpayer was eligible for non-resident status for UK Income Tax purposes due to ‘exceptional circumstances’ relating to her sister’s ill health.
HMRC have published the Employer Bulletin for February 2025 which includes advance planning for the tax year-end. We have summarised the key content for you, with links to our detailed guidance on the topics covered.
Hello,
Highlights this week include the latest report of the National Audit Office, increased thresholds for Off-Payroll Working, an update on in-year returns for trusts and estates and a VAT case exploring the Kittel principle.
HMRC has confirmed that the increased company size thresholds applying from April 2025 under the Companies Act will also apply to the Off-Payroll Working rules.
The National Audit Office (NAO) has published a report on 'The administrative cost of the tax system'. It found that an increasingly complex tax system burdens government and businesses with billions in administration costs.
HMRC's most recent one-to-many letter campaign focuses on companies owning UK residential property valued at over £500,000 that have either not filed an Annual Tax on Enveloped Dwellings (ATED) return, or have potentially claimed ATED relief incorrectly.
In Binoy Joseph v HMRC [2025] TC09424, the First Tier Tribunal (FTT) found that a Schedule 36 Information Notice, issued to an individual who HMRC had ‘reason to suspect’ was using a disguised remuneration scheme, was lawfully issued.
Following the Bank of England’s announcement on 6 February 2025 that the base rate would decrease to 4.5%, HMRC's interest rates are also decreasing by 0.25%, to 7.00% for late payment interest and 3.50% for repayment interest, from 25 February 2025.