Tax

• HMRC Stymied Over Caravan Tax Claim

  • Posted16 April 2015

  VAT law is clear that when a supply is made as a single supply, the VAT rate which applies is that of the principal supply. However, sales frequently include items...

  Read more

• New Business Means Loss of Tax Relief

  • Posted31 March 2015

  When trading losses (as calculated for tax purposes) are made, there are several ways these can be used, but in all cases, if no other relief is given, the losses...

  Read more

• Overdue VAT? HMRC Can Wind Up Your Company

  • Posted12 March 2015

  A decision of the High Court that a provisional liquidator could be appointed following a ‘without notice’ winding-up application by HM Revenue and Customs (HMRC) should serve as a warning...

  Read more

• Benefit in Kind Simplification On Track

  • Posted23 February 2015

  Benefits in Kind (BIKs) have always been an administrative nightmare for employers, with the amount of paperwork generated sometimes out of all proportion to the value of the benefit to...

  Read more

• Cash-Flow Problems Excused Late Tax Payments

  • Posted23 January 2015

  In a decision which will give some comfort to many hard-pressed businesses, a tax tribunal has ruled that a small company’s unexpected cash-flow problems provided a ‘reasonable excuse’ for its...

  Read more

• Occupation as Private Residence a Matter of Fact, Rules Tribunal

  • Posted6 January 2015

  Private Residence Relief (PRR) is one of the most valuable reliefs against Capital Gains Tax (CGT). It exempts from charge gains made on the principal private residence of a UK...

  Read more