Tax and Financial Planning

• Driving Instructor Stricken by COVID-19 Pays for Ignorance of the VAT Regime

  • Posted23 March 2021

  The VAT regime is far from straightforward and anyone going into business on their own account should take professional tax advice at the outset. In a striking case on point,...

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• Tax Tribunal Rules Peripatetic Businessman ‘Ordinarily Resident’ in the UK

  • Posted26 February 2021

  Many businesspeople lead peripatetic lives of constant international travel and the crucial question of whether they are settled in the UK for tax purposes can be very difficult to answer....

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• Caring Restaurateur Relieved of £60,000 Tax Return Late Filing Penalties

  • Posted10 February 2021

  Those who deliberately delay filing their tax returns risk incurring severe financial penalties. However, the tax regime leaves room for mercy and, in relieving a hard-pressed restaurateur of more than...

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• Capital Gains Tax – Couple Triumph in ‘Principal Private Residence’ Appeal

  • Posted25 January 2021

  Home is where the heart is and the question of whether a property is your principal private residence for Capital Gains Tax (CGT) purposes depends, at least in part, on...

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• Couple Overturn Capital Gains Tax Demands Raised on Sale of Their Home

  • Posted4 January 2021

  HM Revenue and Customs (HMRC) are big battalions by anyone’s standards, but their word is not law and, with expert legal assistance, they can sometimes be proved wrong. In one...

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• Saturation Diver Can Deduct Physical Fitness Expenses from Income Tax

  • Posted11 December 2020

  Self-employed people are only permitted to deduct from their Income Tax bills those expenses that are incurred ‘wholly and exclusively’ for the purposes of their trade or occupation. That is...

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