Tax watch: 7 March 2025

Consultations, case hearings, HMRC activity and more.

APR/BPR changes for trusts: HMRC are consulting on the application of the £1m allowance for property settled into trust that qualifies for 100% APR/BPR relief which are set to take effect from 6 April 2026 (closes 23 April). See page 4.
E-invoicing: HMRC and the Department for Business and Trade seek views on standardising electronic invoicing and increasing its adoption across UK businesses and the public sector (closes 7 May).
HMRC statistics publications 2025: HMRC seek views on proposed changes to produce relevant statistics that meet users’ needs (closes 10 April).
MTT and DTT draft guidance: HMRC seek views on supplementary draft guidance for multinational top-up tax and domestic top-up tax including flow-through entities joint ventures the insurance sector and the undertaxed profits rule (UTPR) and other provisions amended or introduced in Finance Bill 2025 (closes 8 April)....

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:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.

Once you have registered, you will receive an email directing you back to read this article in full.

Consultations, case hearings, HMRC activity and more.

APR/BPR changes for trusts: HMRC are consulting on the application of the £1m allowance for property settled into trust that qualifies for 100% APR/BPR relief which are set to take effect from 6 April 2026 (closes 23 April). See page 4.
E-invoicing: HMRC and the Department for Business and Trade seek views on standardising electronic invoicing and increasing its adoption across UK businesses and the public sector (closes 7 May).
HMRC statistics publications 2025: HMRC seek views on proposed changes to produce relevant statistics that meet users’ needs (closes 10 April).
MTT and DTT draft guidance: HMRC seek views on supplementary draft guidance for multinational top-up tax and domestic top-up tax including flow-through entities joint ventures the insurance sector and the undertaxed profits rule (UTPR) and other provisions amended or introduced in Finance Bill 2025 (closes 8 April)....

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: