HMRC have published their Agent Update for October 2024. We have summarised the key content with links to our detailed guidance on the topics covered, including changes to the Agent Dedicated Line and Stamp Duty Land Tax (SDLT) on uninhabitable dwellings.
The fourth annual review of HM Treasury's Investing in Women Code has shown another steady increase in the number of financial services firms willing to support female entrepreneurs looking for funding.
Hello
With only a few days to go until the long-anticipated Autumn Budget, we have something of a bumper update for you this week. This includes a proposed timetable for Companies House reform, increased company size thresholds, a new HMRC tax avoidance spotlight, and several tribunal cases.
The Government has published a paper, 'Next Steps to Make Work Pay', with the aim of growing the economy, raising living standards and creating 'opportunities'. Four targeted consultations have also been released.
In Trustees of Panico Panayi A&M Settlements and Redevco Properties UK Limited HMRC [2024] UT319, the Upper Tribunal (UT) held that under a 'conforming interpretation' of UK law, the FTT was able to retrospectively insert a new five-year payment deferral rule on a dry exit charge applied when a trust or company moved their tax residence abroad.
In Mike Lazaridis v HMRC [2024] TC09321, the First Tier Tribunal (FTT) ruled that 40 acres of fields were part of the grounds of a residential property, despite being used for commercial grass production by an unconnected third party under a formal licence agreement.
As part of the Government’s plan to 'Make Work Pay', a consultation on ‘strengthening statutory sick pay' has been released. This consultation outlines key changes to be made to the current criteria for statutory sick pay and seeks views on the implementation of these new measures.
As part of the Government’s plan to 'Make Work Pay', a consultation on ‘the application of zero hours contract measures to agency workers' has been released. This consultation seeks feedback on how the new measures should be applied to agency workers.
As part of its ‘ Making Work Pay’ commitment, the Government has opened a consultation on creating a modern framework for industrial relations.
As part of the Government’s plan to 'Make Work Pay', a consultation 'Making Work Pay: collective redundancy and fire and rehire' has been released. This seeks views on strengthening remedies against abuse of rules on collective redundancy and fire and rehire.
