Tax watch: 24 January 2025

Consultations, case updates, HMRC activity and more.

Carried interest: the government published a summary of responses following a call for evidence and is now consulting on exploring the case for further conditions for carried interest to be treated as qualifying (closes 31 January).
Hidden economy: HMRC’s consultation on expanding the ‘tax conditionality’ approach to further suitable licensing regimes (closes 31 January).
Offshore anti-avoidance personal tax: HMRC’s call for evidence seeks to identify areas where the personal tax offshore anti-avoidance rules could be improved or updated (closes 19 February).

Investors in major projects: consultation on a new process that will give investors in major projects increased advance certainty (Spring).
Pre-development costs: tax treatment (consultation by end of year).
Land remediation relief: consultation to review its effectiveness (Spring).
R&D: consultation on widening the use of advanced clearances for R&D reliefs and other forthcoming...

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Consultations, case updates, HMRC activity and more.

Carried interest: the government published a summary of responses following a call for evidence and is now consulting on exploring the case for further conditions for carried interest to be treated as qualifying (closes 31 January).
Hidden economy: HMRC’s consultation on expanding the ‘tax conditionality’ approach to further suitable licensing regimes (closes 31 January).
Offshore anti-avoidance personal tax: HMRC’s call for evidence seeks to identify areas where the personal tax offshore anti-avoidance rules could be improved or updated (closes 19 February).

Investors in major projects: consultation on a new process that will give investors in major projects increased advance certainty (Spring).
Pre-development costs: tax treatment (consultation by end of year).
Land remediation relief: consultation to review its effectiveness (Spring).
R&D: consultation on widening the use of advanced clearances for R&D reliefs and other forthcoming...

If you or your firm subscribes to Taxjournal.com, please click the login box below:

If you do not subscribe but are a registered user, please enter your details in the following boxes: