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Income Tax

Bluu Solutions Ltd (TC4300)

M Seddon & others (TC4344)

Pension contributions can benefit low-earning taxpayers

Tax treatment of compensation for missold financial products

HMRC have clarified their position on the new intermediary reporting requirements for umbrella company workers, following enquiries from the Association of Professional Staffing Companies (APSCo).

The taxman’s system requires intermediaries to select from a list the reason why PAYE has not been applied. There are six categories:

A. Self-employed
B. Partnership
C. Limited liability partnership
D. Limited company
E. Non-UK engagement
F. Another party operated PAYE on the worker’s payments

The amount of tax relief claimed by charities grew to £3.31bn in 2014/15, from £3.07bn in 2013/14, according to latest figures from HMRC.

The total amount comprised £1.64bn in business rates relief, £1.2bn from gift aid, £300m in VAT breaks, and £170m worth of stamp duty land tax relief.

The Revenue’s numbers, which are provisional, indicate that reliefs for individuals on gifts to charities increased by £100m to £1.2bn, with rises in inheritance tax relief, higher-rate breaks on gift aid and covenants, and relief on gifts and shares.

The Commons debate of Finance (No 2) Bill 2015

The Bunker Secure Hosting Ltd (TC4349)

Will the letting of a temple and community centre prejudice its charitable status?

M Healey v CRC, Upper Tribunal

A Savva & others v CRC, Upper Tribunal

...from April. Keep a few extra pounds in savers’ pockets

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