News
Tax
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Should jumbo, American-style marshmallows, usually used for roasting over an open fire, be classified as confectionary? By answering ‘no’ to that question, a tribunal left HM Revenue and Customs (HMRC)...
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Those involved in the hospitality or retail trade who suppress their cash takings with a view to avoiding tax must live in fear that the next person to walk through...
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International trading companies are expected to carry out careful due diligence on their clients and suppliers to ensure that they avoid unwitting involvement in tax fraud. However, in relieving a...
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When companies experience cashflow difficulties, stressed directors all too often prioritise trade and other creditors over HM Revenue and Customs (HMRC). As a tax tribunal ruling showed, however, such a...
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No one would be surprised to hear that late filing of a tax return is likely to result in a financial penalty – but what if a return is submitted...
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Businesses that operate in highly regulated fields can be permanently shut down at the stroke of an official pen. However, as a case concerning the wholesale liquor trade made plain,...
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