News
Tax
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The Chartered Institute of Taxation (CIOT) has warned taxpayers that HM Revenue and Customs (HMRC) have now published the responses to their consultation on proposed extensions to their data-gathering powers,...
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Owners of companies who are thinking of retiring and unlocking the surplus assets in their companies through liquidation should start their planning now. The Chancellor has advised that the...
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Research and Development Tax Relief Update HM Revenue and Customs (HMRC) have updated their guidance on claiming research and development (R&D) relief to include information about ‘advance assurance’, which...
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It is well known that building work can be standard rated or, if it meets one of the exemptions in the Value Added Tax Act 1994, Section 30, Schedule 8,...
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A farmer has failed in his attempt to set off his farming losses against his other income when the First-tier Tribunal (FTT) found that his property income was not part...
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It is well known that when a business passes from one VAT-registered trader to another who continues it, the transfer will normally be a ‘transfer of a going concern’ (TOGC)...
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