Income Tax

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

Can accommodation costs be deducted from a property owner’s rental income?

Implications of a gift of shares and share buy-back

People who decide to take advantage of the new pensions flexibility should considering the tax credit consequences, the Low Incomes Tax Reform Group has advised.

Those who withdraw money from their retirement pot from the age of 55 should consider more than just the effect on their income tax liability, according to the charity’s technical director, Robin Williamson

The planned devolution of tax powers to Scotland could result in a broad swathe of unintended complexities, including forcing many more taxpayers into self assessment, according to the Chartered Institute of Taxation (CIOT).

J Lobler v CRC, Upper Tribunal (Tax and Chancery Chamber)