Tax and Financial Planning

• Tax Return Blunder Has Dire Consequences for Public-Spirited Charity Donor

  • Posted25 November 2020

  Making a mistake on your tax return can have extremely serious consequences and that is why it is always wise to take professional advice. In a striking case on point,...

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• Ignorance of the Law Is No Defence – Or Is It? Child Benefit Tax Ruling

  • Posted22 October 2020

  HM Revenue and Customs (HMRC) must publicise changes in the tax regime and taxpayers are not obliged to go rooting around its website in an attempt to keep up to...

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• Court of Appeal Sanctions ‘Informal’ Tax Investigations in Landmark Case

  • Posted29 September 2020

  HM Revenue and Customs (HMRC) operate within the constraints of their statutory powers, but their ability to conduct ‘informal’ enquiries into taxpayers’ affairs, without limit of time, has been upheld...

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• Giving With Warm Hands to Minimise Inheritance Tax – High Court Ruling

  • Posted9 September 2020

  The most straightforward means of minimising Inheritance Tax (IHT) payable on your estate is to give away your assets with warm hands when you are still hale and hearty. However,...

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• Tribunal Comes to Aid of Dutiful Son Penalised for Late Payment of Tax

  • Posted21 August 2020

  Prioritising prompt payment of your tax bills can be tough, particularly when there are other compelling and unforeseen demands on your limited resources. In a case on point, the First-tier...

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• Tempted By an Exotic Investment Scheme? Is It Too Good to Be True?

  • Posted7 August 2020

  It is easy to be tempted by exotic investment schemes that promise spectacular returns. However, as a High Court case strikingly showed, they are often too good to be true...

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