Tax Updates: April 2013

The latest technical news, including new tax year measures and double tax relief denied in court

Implications of new tax year

April sees the start of a new tax year and also a raft of measures taking effect such as the restriction of loss relief, the new patent box regime, simpler income tax for small businesses among others. However, as new law comes into force, recent decisions provide clarification of existing measures.

No double tax relief in Anson

In HMRC v Anson [2013] EWCA Civ 63, the Court of Appeal has upheld the Upper Tribunal’s decision that double tax relief is not available on the taxpayer’s share of profits in a Delaware limited liability company (LLC).

Your free features:

Breaking news and expert analysis
Customisable daily newsletters
Six free CPD learning modules each year
Personalised CPD tracker
Top 75 Firms league tables
Regulatory changes
Hardman’s Tax Data

Tax | Personal tax changes from 6 April 2026

Tax | Business tax changes from 1 April 2026

Tax | Farmers given £2.5m allowance for inheritance tax in u-turn

Finance | Legal updates: danger of digital handshake via email in binding contracts

Navigate

Tax Services

Implications of new tax year

No double tax relief in Anson

Your free features:

Sign up to Business & Accountancy Daily