2024–25—Fiscal events including Budget

This subtopic draws together content on the fiscal events throughout the tax year 2024–25, including:

•
Tax Administration and Maintenance Day (TAMD), which took place on 18 April 2024
•
Tax legislation day (L Day), which took place on 29 July 2024
•
Autumn Budget, which took place on 30 October 2024, and
•
the publication of the Autumn Finance Bill 2024 (AFB 2024), also known as Finance Bill 2025 and Finance Bill 2024–25, which was published on 7 November 2024

For more information on the annual Budget and Finance Bill process, including how a general election affects the usual timetable, see Practice Note: The Budget and Finance Bill process.

All analysis produced in this subtopic will be collected in Practice Notes: 2024–25—Fiscal events including Budget—Tax Analysis and Tax—Finance Bill 2025 tracker .

Tax Administration and Maintenance Day (TAMD)

TAMD took place on 18 April 2024. None of the TAMD announcements required legislation in Finance (No 2) Act 2024.

For more information on the announcements and publications from TAMD, see:

•
News

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Latest Tax News

UT decides that admission to the Great Yorkshire Show qualified for VAT charity fundraising exemption (HMRC v Yorkshire Agricultural Society)

Tax analysis: In HMRC v Yorkshire Agricultural Society [2025] UKUT 4 (TCC) (9 January 2025), the Upper Tribunal (UT) decided that admission charges to the Great Yorkshire Show qualified for exemption from VAT under VATA 1994, Sch 9, Group 12, Item 1. The UT found that the event met the statutory requirements of the UK legislation when interpreted in conformity with the EU legislation it was intended to implement.

No obligation on pension trustees to advise member about consequences of opting out of scheme (Professor M, CAS-50740-F3M5 and CAS-38376-G3P7)

Pensions analysis: The Deputy Pensions Ombudsman has rejected a complaint about the application of a late retirement factor and a failure to warn on the consequences of opting out of a pension scheme. Martin Scott of gunnercooke LLP looks at the decision.

UT decides FTT costs order was not invalidated by purportedly defective notice of appointment of representative (Bridgecom International Ltd v HMRC)

Tax analysis: In Bridgecom, the Upper Tribunal (UT) dismissed Bridgecom International Ltd’s (BIL’s) appeal against an adverse costs decision of the First-tier Tax Tribunal (FTT).

FTT decides that quay wall qualifies for capital allowances (The Mersey Docks and Harbour Company Ltd v HMRC)

Tax analysis: In The Mersey Docks and Harbour Company Ltd v HMRC [2024] UKFTT 1163 (TC) (23 December 2024), the First-tier Tax Tribunal (FTT) allowed the taxpayer’s claim for plant and machinery allowances for expenditure on constructing a quay wall as part of the development of a new port terminal in Liverpool.