Tax

• Incorrect VAT Costs Barrister Landlord a Bundle

  • Posted25 November 2013

  VAT is a simple tax in principle, but it has many complexities. One that is frequently encountered by landlords is what the correct VAT treatment should be when services are...

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• Sport Sponsorship Not Tax-Deductible, Rules Tribunal

  • Posted28 October 2013

  When a rugby fan sponsored his local rugby club to the tune of more than £1 million over a decade and promoted his business by a variety of means through...

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• NIC Simplification Proposals

  • Posted14 October 2013

  As part of the Governments’s overhaul of the tax system, HM Revenue and Customs (HMRC) recently consulted on proposals designed to simplify the collection of Class 4 (self-employed) National Insurance...

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• Property Letting a Business for Rollover Relief, Rules Tribunal

  • Posted11 September 2013

  Capital Gains Tax ‘rollover relief’ allows a capital gain made on the realisation of a business asset to be postponed if the proceeds of sale of the asset on which...

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• HMRC Sharpens Tax Avoidance Focus

  • Posted27 August 2013

  The announcement in the Budget that the Government will pass legislation introducing a General Anti-Abuse Rule (GAAR) was a formality given the extensive discussion and consultation that preceded it. ...

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• ‘Sleeping’ and Inactive Limited Partners Must Pay NICs

  • Posted16 August 2013

  HM Revenue and Customs (HMRC) have announced a change in treatment regarding the law covering National Insurance Contributions (NICs) as it applies to ‘sleeping’ and inactive limited partners. HMRC...

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