ICAEW.com works better with JavaScript enabled.

Practical Points

Every month, the Tax Faculty publishes short, practical pieces of guidance to help agents and practitioners in their day-to-day work.

Contents
Back to top

Business tax

This month covers corporation tax; partnership taxation; and VAT.
Corporation tax: Tax treatment of penalties
  • Feb 2025
The Court of Appeal (CA) has ruled that redress payments made to customers following an investigation by a regulatory body were not fines or penalties. There is, therefore, no legal foundation to prevent their deduction...
Partnership taxation: HMRC’s appeal on LLP salaried members legislation allowed
  • Feb 2025
HMRC’s appeal in the limited liability partnership (LLP) ‘salaried members’ legislation case of BlueCrest Capital Management (UK) LLP and others has been unanimously allowed by the Court of Appeal...
VAT: TOMS on short-term accommodation
  • Feb 2025
Sonder Europe Limited (Sonder) leased apartments from landlords for between two and 10 years, which it supplied to travellers for periods of one night to a month. Sonder furnished some apartments, and in some cases undertook minor...
VAT: Whether products are sports drinks
  • Feb 2025
Global by Nature Limited (GBN) sold food supplements under various brand names, including Sunwarrior. GBN submitted a claim for overdeclared output tax on the basis that certain of its products should be...
VAT: Fundraising events
  • Feb 2025
The Yorkshire Agricultural Society (the Society) is a charity that organises and runs the annual Great Yorkshire Show. For the VAT exemption for charitable fundraising events to apply, the show’s primary purpose must be to raise money...
Read latest
More in business tax

Personal tax

This month covers property tax.
Property tax: SDLT appeal on annexe allowed
  • Feb 2025
The taxpayer bought a house and initially paid stamp duty land tax (SDLT) as normal, then submitted a reclaim on the basis that multiple dwelling relief was available...
Read latest
More in personal tax

Tax compliance and investigations

This month covers appeals, disputes and investigations.
Appeals, disputes and investigations: Discovery assessment on undeclared income held offshore
  • Feb 2025
The First-tier Tribunal (FTT) has upheld assessments on a taxpayer who moved undeclared income offshore, finding that HMRC had validly raised the assessments and penalties...
Read latest
More in tax compliance and investigation

Tax administration

There are no updates this month.
Agents and HMRC: Checking marriage allowance claims using PAYE codes
  • Dec 2023
Agents are able to check whether a client has an enduring marriage allowance claim using the client’s PAYE code. PAYE codes ending in the suffix ‘N’ indicate that an election is in place to transfer part of the personal allowance to a...
Tax returns: Relying on HMRC guidance
  • Nov 2023
Some advisers may have noticed an increase in the number of changes to HMRC’s guidance – in particular changes to articles in Agent Update and Employer Bulletin...
Making tax digital: Manual MTD registration required for some new VAT registrations
  • Oct 2023
When registering for VAT through HMRC’s VAT registration service, businesses should be automatically signed up to making tax digital (MTD). However, in some exceptional cases, the MTD registration is not being processed...
Tax payments and repayments: HMRC guidance on reducing self assessment repayment delays
  • Oct 2023
Self assessment repayments can be delayed at three different stages: 1. A delay to the processing of the return, form, or amendment that generates the repayment. 2. A repayment inhibitor is triggered. 3. The repayment is...
Read latest
More in tax administration

More from the Tax Faculty

Latest news
Making tax digital image
TAXwire

Stay up to date with the latest developments in tax by signing up to the Tax Faculty's weekly e-newsletter

Practical guidance
TAXline

Comprehensive support for Tax practitioners each month from the Tax Faculty and expert contributors.

Technical support
Tax Faculty image
Webinars

Expert advice from the Tax Faculty's technical managers on all the developments in tax policy and practice.