HMRC responds to CIOT concerns on double remittances and Finance Act 2025
3 Apr 2025
HMRC has written to CIOT in response to a paper (see here) which we recently published concerning the Finance Act 2025 and double remittances into the UK post-6 April 2025. In their response, HMRC state that it has been their ‘longstanding interpretation of s.809P(12)’ that second and subsequent remittances are only free from tax if they were charged to tax on the first occasion.