HM Insights

Legal Insights & Industry Updates

Life, business and the law

The law never stands still, and the way it applies to you and your organisation is constantly evolving. Our people are on top of these developments and can keep you up to date with some of the most interesting aspects of these changes. Check out our articles and updates for our perspective on issues that might affect you.

Latest articles from Amber Heron

  • HMRC to gain new civil powers to obtain financial information without permission

    HMRC to gain new civil powers to obtain financial information without permission

    A new measure that will provide HMRC with additional civil information powers is expected to take effect when the Finance Bill 2020-21 receives Royal Assent. The new measure known as a Financial Institution Notice (FIN) will be used to require financial institutions to provide information to HMRC, when requested, about a specific taxpayer and without the need for approval from either the taxpayer or the independent tribunal that considers tax matters. These provisions will take the form of an amendment to HMRC current powers under schedule 36 of the Finance Act 2008.

  • Trust Registration Service – Further Changes

    Trust Registration Service – Further Changes

    Taking on the role of an Executor carries with it a great deal of responsibility. An Executor has the legal authority to administer an estate and is ultimately responsible for any mistakes made. They can be held personally financially liable for any breaches of duty. As a result it is imperative that the Executor does everything in his power to ensure that they include all assets in the inventory of the estate and that they settle all liabilities of the Estate in full.

  • Coronavirus Update – Working From Home – allowances and reliefs update

    Coronavirus Update – Working From Home – allowances and reliefs update

    HMRC have recently provided an update to working from home allowances and reliefs. A temporary tax and National Insurance exemption will be introduced to ensure that any employees who have had to purchase home office equipment as a result of the current pandemic will not be liable to tax or NICs when reimbursed by their employers.