CONSTRUCTION-INDUSTRY-SCHEME

Film tax relief: In C Hoyle and others v HMRC [2024] UKFTT 1060 (TC) (26 November), the taxpayers took part in film tax schemes under which they invested in LLPs which leased film rights. Their investments were largely funded by loans and the...

CA decides HMRC should interpret CIS legislation more flexibly.

The final CIS regulations and HMRC guidance don’t appear to measure up to the original policy ambition of removing ‘the majority of landlord to tenant payments from the scheme’, writes Kyle Rainsford (Travers Smith).

Your guide to the key measures from the Budget, provided by Lexis®PSL Tax and Lexis®PSL Private Client.