Private Client weekly highlights—26 May 2022

Article summary

This week’s edition of Private Client highlights includes: (1) The Ministry of Justice and the Office of the Public Guardian publish their response to the consultation on modernising Lasting Powers of Attorney; (2) Analysis of the draft Liberty Protection Safeguards; (3) Hoey and others v Revenue and Custom Commissioners, where the Court of Appeal confirmed that the taxpayer was not entitled to PAYE credits in relation to loans under a disguised remuneration arrangement; (4) Butler-Sloss v Charity Commission, which contains useful guidance on responsible investing by charity trustees and the extent to which they may allow their objects and wider moral considerations to influence their investment policy; (5) HMRC’s consultation on expanding the investment transactions list for the investment manager exemption, and (6) STEP updates its position paper on EU sanctions against trusts with a Russian connection.