Tax

• Property Income Not Part of Farming

  • Posted16 February 2016

  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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• HMRC Toughen Stance on VAT on Business Sales

  • Posted26 January 2016

  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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• Personal Service Companies – Time to Plan!

  • Posted12 January 2016

  Tax changes scheduled to come into effect in April 2016 could prove very expensive for the operators of personal service companies, and consideration to changing the nature of the business...

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• Tribunal Rejects Unreasonable HMRC Argument

  • Posted29 December 2015

  HM Revenue and Customs (HMRC) are renowned for taking an overly tough stance when it suits them, as illustrated by a recent case in which ‘special relief’ against tax bills...

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• Tax Tribunal Provides a Salutary Tale for Start-Ups

  • Posted11 December 2015

  There are considerable tax reliefs available for investors in start-up companies, and among the more popular is Enterprise Investment Scheme (EIS) relief. EIS gives Capital Gains Tax (CGT) relief...

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• Tax and Perks

  • Posted26 November 2015

  It is commonly thought that where a business supplies something for no payment to an employee or director, this is a ‘perk of the job’ and has no tax consequences....

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