Tax

• Umbrella Company Expenses Ruling Challenged at Upper Tribunal

  • Posted5 April 2024

  Umbrella companies across the UK will be taking note of an Upper Tribunal (UT) ruling which focused on tax-deductible expenses. An umbrella company that serviced clients in the construction...

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• VAT Registration Threshold Increased

  • Posted14 March 2024

  Following changes announced in the UK’s Spring Budget Statement, the VAT registration threshold for small businesses is set to be increased. Secondary legislation will amend the Value Added Tax...

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• Evasion of Import Duty – Rolex Watches Seized at Stansted Airport

  • Posted27 February 2024

  Misdescribing goods consigned to the UK with a view to evading import duties is a very serious matter. An American company trading in second-hand luxury watches found that out to...

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• How are ‘Refer a Friend’ Schemes Treated for VAT Purposes? Guideline Ruling

  • Posted23 January 2024

  With a view to generating new client introductions, many public-facing businesses operate so-called ‘refer a friend’ schemes. In an important decision, the First-tier Tribunal (FTT) pondered the consequences of such...

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• Where in a Supply Chain Does VAT Come Home to Roost? Guideline Ruling

  • Posted22 December 2023

  In deciding where in a supply chain VAT liabilities come home to roost, tax tribunals look to the economic reality of commercial relationships. That was certainly so in a case...

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• Suppression of Takings – HMRC Rains on Takeaway Pizza Company’s Parade

  • Posted17 November 2023

  Companies that suppress their takings, thereby evading tax, may live on the fat of the land for a while. However, as a tax tribunal ruling showed, the corporate veil often...

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