Tax watch: 10 January 2025

Consultations, case hearings, HMRC activity and more.

Air Passenger duty: HMT is consulting on a proposal to extend the scope of the higher rate of APD to all private jets including business jets (closes 22 January).
Carried interest: following the call for evidence the government published a summary of responses and is now consulting on exploring the case for further conditions for carried interest to be treated as qualifying (closes 31 January).
Cryptoasset Reporting Framework (CARF) and Common Reporting Standard: following an earlier consultation HMRC is now consulting on draft regulations to implement the Cryptoasset Reporting Framework (CARF) (the draft The Cryptoasset Service Providers (Due Diligence and Reporting Requirements) Regulations 2025) and on amendments to the Common Reporting Standard (CRS) (draft International Tax Compliance (Amendment) Regulations 2025). Consultation closes 10 January.
Help to Save: at Autumn Budget 2024 the government published a summary of...

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Consultations, case hearings, HMRC activity and more.

Air Passenger duty: HMT is consulting on a proposal to extend the scope of the higher rate of APD to all private jets including business jets (closes 22 January).
Carried interest: following the call for evidence the government published a summary of responses and is now consulting on exploring the case for further conditions for carried interest to be treated as qualifying (closes 31 January).
Cryptoasset Reporting Framework (CARF) and Common Reporting Standard: following an earlier consultation HMRC is now consulting on draft regulations to implement the Cryptoasset Reporting Framework (CARF) (the draft The Cryptoasset Service Providers (Due Diligence and Reporting Requirements) Regulations 2025) and on amendments to the Common Reporting Standard (CRS) (draft International Tax Compliance (Amendment) Regulations 2025). Consultation closes 10 January.
Help to Save: at Autumn Budget 2024 the government published a summary of...