HMRC have launched a consultation 'Simplifying the Taxation of Offshore Interest'. This seeks views on addressing challenges arising from information on offshore interest often being provided to taxpayers and HMRC on a calendar year basis rather than a UK tax year basis.
In Stage One Creative Services Limited v HMRC [2024] TC09358, a company's claim for SME R&D tax relief was upheld by the FTT, which found that the relevant expenditure was not subsidised nor was it incurred in relation to activities which were contracted out to it.
Best wishes from all the team here at Rossmartin.co.uk and looking forward to a dazzling 2025 now we have joined up with our buddies at 2020 Innovation Training.
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We have a seasonal special for you this week with top tips for Self Assessment and interesting news and cases, including a freezing order on perpetrators of a massive NHS PAYE fraud and a review of an EU regulation that affects many UK businesses selling online in the EU and NI.
The Chancellor, Rachel Reeves, has confirmed to the House of Commons that the Office for Budget Responsibility (OBR) has been commissioned for an Economic and Fiscal Forecast which will be published on 26 March 2025. This will not be another Budget.
The 2025-26 flat rate van benefit charge, flat rate van fuel benefit charge and car fuel benefit multiplier have been confirmed. 
In Ducas Ltd, Enix Services Ltd and FL Capital Holdings Ltd v HMRC [2024] EHHC3132, the High Court (HC) granted HMRC the power to freeze assets for the three companies who are thought to be participants in fraudulent PAYE and NIC arrangements.
From 13 December 2024, the EU’s General Product Safety Regulation (GPSR) adds stringent compliance obligations to businesses selling goods that are intended for consumers living in the EU and Northern Ireland. Many small UK sellers are adversely affected by the changes.
In John Harvey & Keswick Enterprises Holdings Charitable Trust v HMRC [2024] TC09372 the First Tier Tribunal (FTT) found a series of ‘donations’ to charity were not ‘qualifying donations’ and a loss to tax had occurred due to excessive gift aid claims.
In Simrajsar Ltd & Achilles Products Ltd v HMRC [2024] TC09363 the First Tier Tribunal (FTT) found that payments made to directors were not genuine termination payments and were not covered by the £30,000 tax free exemption.