HMRC and the Department for Business and Trade have released their consultation outcome, 'Promoting electronic invoicing across UK businesses and the public sector'. As a result of the consultation, the government is introducing mandatory electronic invoicing for all VAT invoices from 2029.
HMRC have released the outcome of their consultation on 'The taxation of decentralised finance (DeFi) involving the lending and staking of cryptoassets'. HMRC are considering deferring gains on certain DeFi lending and staking transactions until an economic disposal of the cryptoasset is made.
In County Insurance Services Limited v HMRC [2025] TC09697, the First Tier Tribunal (FTT) found that amortisation relief was not available on goodwill following a partnership's incorporation.
Missed our SME Tax Updates in November? Here is a summary of the month.
Hello,
We cover a wide range of topics this week, including the Loan Charge, share schemes, behavioural penalties and Research & Development, to name only a few. In addition, following last week’s Budget, the Overview of Tax Legislation and Rates (OOTLAR) was finally published on Friday.
The government has released a call for evidence seeking opinions on reforming business rates and investment. The aim is to explore how moving to a marginal tax rate, where successive bands are taxed at increasing rates, may be beneficial for investment.
HMRC have released Employment-Related Securities (ERS) Bulletin 62. It contains details from Autumn Budget 2025, including on the Private Intermittent Securities and Capital Exchange System (PISCES), Enterprise Management Incentives (EMI) and the published summary of responses to the Share Incentive Plans (SIP) and Save As You Earn (SAYE) 2023 call for evidence.
HM Treasury has published 'Tax Support for Entrepreneurs: Call for Evidence', seeking opinions on potential tax reform to support business founders in the UK.
The government has published a response to its call for evidence, 'Non-Discretionary Tax-Advantaged Share Schemes'. Respondents suggested various improvements to the Share Incentive Plan (SIP) and Save As You Earn (SAYE) schemes, which are under consideration.
The government has published its response to the consultation 'Research and development tax relief clearances'. The consultation highlighted the need for reform of the current advance assurance system.
