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Supreme Court disallows investment company’s expenditure on advisory services relating to the sale of a subsidiary because it was capital in nature (Centrica Overseas Holdings v HMRC)

The Supreme Court dismissed the taxpayer’s appeal, deciding that the expenditure on advisory services relating to the sale of a subsidiary was capital in nature. As well as outlining a summary of the decision, this News Analysis also contains commentary from Helen McGhee, partner at Joseph Hage Aaronson LLP.

17 Jul 2024 00:00 | Published by a

CIOT letter to the new Exchequer Secretary to the Treasury

The CIOT has written to the new Exchequer Secretary to the Treasury, James Murray MP, regarding tax issues for the new government.

17 Jul 2024 00:00 | Published by a Tolley Corporation Tax expert

HMRC form P1000 published online

HMRC has published form P1000 regarding death estates online for the first time.

15 Jul 2024 00:00 | Published by a Tolley Trusts and Inheritance Tax expert

Weekly Roundup HMRC Manuals: 15 July 2024

15 July 2024 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors

15 Jul 2024 00:00 | Published by a Tolley Corporation Tax expert

Tax news roundup: 15 July 2024

In the ever-fast-moving world of tax announcements and developments, this news pulls together some of the key changes announced this week. Our commentary will be updated in due course to reflect these latest developments.

15 Jul 2024 00:00 | Published by a

Changes to the use of paper form VAT 484

HMRC has contacted JVCC stakeholders about planned restrictions on the use of the VAT484.

12 Jul 2024 00:00 | Published by a Tolley Value Added Tax expert

WSI 2024/791 The Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 (Amendments to Schedule 5) Regulations 2024

These Regulations amend Schedule 5 of the Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 to extend the 3-year replacement of main residence exception and refund period for higher rates residential property transactions if certain conditions are met.

12 Jul 2024 00:00 | Published by a

New HMRC guidance on Multinational Top-up Tax and the Domestic Top-up Tax

HMRC has published new guidance on Multinational Top-up Tax and the Domestic Top-up Tax.

11 Jul 2024 00:00 | Published by a Tolley Corporation Tax expert

Employer Bulletin: July 2024

HMRC has published its bi-monthly magazine providing the latest information on payroll-related topics for employers and agents.

10 Jul 2024 00:00 | Published by a Tolley Employment Tax expert

HMRC guidance: Employer guides for PAYE and national insurance contributions

HMRC has updated its employer guide to Class 1A National Insurance contributions on benefits in kind, termination payments and sporting testimonial payments (CWG5).

10 Jul 2024 00:00 | Published by a Tolley Employment Tax expert

New HMRC Tool on VAT

HMRC has published a new tool – ‘Check what registering for VAT may mean for your business’

10 Jul 2024 00:00 | Published by a Tolley Value Added Tax expert

Tax news roundup: 8 July 2024

In the ever-fast-moving world of tax announcements and developments, this news pulls together some of the key changes announced this week. Our commentary will be updated in due course to reflect these latest developments.

08 Jul 2024 00:00 | Published by a

Weekly roundup of HMRC import, export and customs guidance: 8 July 2024

Details of updates to HMRC import, export and customs guidance for the period from 1 July 2024 to 8 July 2024.

08 Jul 2024 00:00 | Published by a

Weekly Roundup HMRC Manuals: 8 July 2024

8 July 2024 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors

08 Jul 2024 00:00 | Published by a Tolley Corporation Tax expert

Tax news roundup: 1 July 2024

In the ever-fast-moving world of tax announcements and developments, this news pulls together some of the key changes announced this week. Our commentary will be updated in due course to reflect these latest developments.

01 Jul 2024 00:00 | Published by a

Weekly Roundup HMRC Manuals: 1 July 2024

1 July 2024 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors

01 Jul 2024 00:00 | Published by a Tolley Corporation Tax expert

Algeria signs BEPS Convention

Algeria has signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (the BEPS Convention).

28 Jun 2024 00:00 | Published by a Tolley Corporation Tax expert

Weekly Roundup HMRC Manuals: 24 June 2024

24 June 2024 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors

24 Jun 2024 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC import, export and customs guidance: 24 June 2024

Details of updates to HMRC import, export and customs guidance for the period from 18 June 2024 to 24 June 2024.

24 Jun 2024 00:00 | Published by a

Tax news roundup: 24 June 2024

In the ever-fast-moving world of tax announcements and developments, this news pulls together some of the key changes announced this week. Our commentary will be updated in due course to reflect these latest developments.

24 Jun 2024 00:00 | Published by a

Popular Articles

Exemption ― burial and cremation

Exemption ― burial and cremationThis guidance note provides an overview of the VAT treatment of services that are provided in connection with the burial or cremation of human remains.VAT treatmentThe following services are exempt from VAT:•the disposal of the remains of the dead•making arrangements

14 Jul 2020 11:38 | Produced by Tolley Read more Read more

Holding companies ― VAT status of activities

Holding companies ― VAT status of activitiesThis guidance note examines how to determine the VAT status of a holding company’s activities. In particular, it looks at:•when a holding company is or is not in business•if a holding company is in business, whether its activities are exempt or taxableThe

14 Jul 2020 17:13 | Produced by Tolley Read more Read more

Furnished holiday lets

Furnished holiday letsThis guidance note sets out the qualifying conditions for a property let to be treated as a furnished holiday let (FHL) for tax purposes and the subsequent tax implications.Whether or not a property qualifies as an FHL can make an important difference to the taxation

14 Jul 2020 11:46 | Produced by Tolley Read more Read more