This month, we start by looking at key points for private clients in respect of the chancellor’s recent Spring Statement. The Economic Crime (Transparency and Enforcement) Act 2022 received royal assent on 15 March, introducing an overseas entities register. HMRC has announced the end of a temporary relaxation, introduced during the pandemic, relating to the taxation of non-UK resident employees who find themselves stranded in the UK.

The practical implications of the Supreme Court’s decision in Tooth last year are now being felt, as demonstrated by the Upper Tribunal’s decision in Hargreaves. Finally, there is victory for the taxpayer in Yerou, in which the First-tier Tribunal confirmed the limits to HMRC’s power to demand additional information from the taxpayer by way of information notices.

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