2015–16—Autumn Statement to Finance Bill

ARCHIVED: This Practice Note has been archived and is not maintained.

This subtopic draws together content on the Finance Bill year 2015–16, ie starting with the Autumn Statement in November 2015 and following through the Budget in 2016 to the passage through parliament of the Finance Act 2016. For more information on the annual Budget and Finance Bill process, see Practice Note: The Budget and Finance Bill process.

Finance

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Latest Tax News

Tax weekly highlights—29 May 2025

This week's edition of Tax weekly highlights includes: (1) updates to HMRC’s DOTAS guidance, (2) a Scottish Statutory Instrument extending LBTT group relief to non-partition demergers, and (3) News Analysis on the FTT decision in Hunt on the transactions in securities rules.

FTT cautions on time-wasting use of AI while upholding HMRC discovery assessment (Zzaman v HMRC)

Tax analysis: In Zzaman v HMRC, the First-tier Tax Tribunal (FTT) dismissed the taxpayer’s appeal against a discovery assessment in respect of the high income child benefit charge (HICBC), holding that the assessment was valid. The taxpayer was cautioned for the use of AI to prepare a statement of case which listed cases that were largely irrelevant or wrongly cited.

UT confirms Sensations are similar to potato crisps and standard-rated for VAT purposes (Walkers Snack Foods Limited v HMRC)

Tax analysis: In Walkers Snack Foods Ltd v HMRC, the Upper Tribunal (UT) agreed with the First-tier Tax Tribunal (FTT) and HMRC that a product known as Sensations is a similar product to potato crisps and is made from the potato because the potato includes potato granules.

FTT upholds transfer of assets abroad charge in respect of receipt of rent-free accommodation (Moran v HMRC)

Tax analysis: In Moran v HMRC, the First-tier Tax Tribunal (FTT) held that the transfer of assets abroad (TOAA) provisions in sections 731–733 of the Income Tax Act of 2007 applied to charge income tax in respect of the occupation by the taxpayer of rent-free accommodation in the UK.