Tanja Velling (Slaughter and May) reviews a significant FTT decision in which the taxpayers were denied interest deductions on a loan created in an intra-group reorganisation under the unallowable purpose rule....
Business property relief refused for serviced offices
This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.
George Gillham and Siobhan Gillespie (Fieldfisher) assess HMRC’s track record.
One minute with David Francis is a Partner at Grant Thornton.
Mike Lane and Zoe Andrews (Slaughter and May) examine the impact of the Autumn Budget and some recent tribunal decisions on the financial sector.
This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.
Tax advantage to remuneration arrangements: FA 2022 gives HMRC the power to publish information where (broadly) it suspects that the main benefit of arrangements is to obtain a tax advantage. In K (oao Payeworx Ltd) v HMRC [2024] EWHC 2842 (Admin)...
Bonus rates for Save As You Earn (SAYE) schemes have been adjusted, following the cut to the Bank of England base rate to 4.75%. For SAYE contracts taken out on or after 22 November 2024, the bonus rate for five-year contracts is reduced to 2.7%...
