Tax

• Tax Mitigation Scheme Failure Proves Disastrous

  • Posted12 September 2018

  Collecting debts is often a long and arduous process, but the use of bankruptcy proceedings can be an effective means of bringing matters to a head. That was certainly so...

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• Failure to Meet Criteria Means Loss Relief Denied

  • Posted24 August 2018

  There are all sorts of things one can do with trading losses under Corporation Tax (CT), but the fall-back position is that losses can be carried forward and set against...

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• Future Intention Leads to Tax Charge

  • Posted3 August 2018

  The additional rate of Stamp Duty Land Tax (SDLT) is payable on purchases of ‘additional dwellings’ such as buy-to-let properties. A recent case dealt with the SDLT implications of...

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• The Taxation of Termination Payments

  • Posted29 June 2018

  The rules governing the taxation of termination payments have been tightened with effect from 6 April 2018 by means of legislation to amend Chapter 3, Part 6 of the Income...

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• Guesswork Not Enough to Create Tax Liability

  • Posted1 June 2018

  When HM Revenue and Customs (HMRC) suspect serious tax evasion, they will normally launch a full-scale tax investigation into the person they suspect. They use many tools in such...

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• HMRC Reliance on Guidance Not Justified

  • Posted15 May 2018

  The various VAT ‘flat-rate’ schemes were originally set up with the ostensible purpose of simplifying the VAT process for those using them, while being essentially revenue neutral for HM Revenue...

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