Tax and Financial Planning

• Man’s ‘Debilitating Fear’ of Filing a Tax Return Not a Reasonable Excuse

  • Posted5 September 2022

  There is such a thing as a reasonable excuse for failing to file your self-assessment tax return. However, in an unusual case, the First-tier Tribunal (FTT) ruled that a businessman’s...

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• Self-Builders Achieve Landmark Victory in Capital Gains Tax Appeal

  • Posted17 August 2022

  In a ruling which will be greeted with joy by the growing community of self-builders, a couple who made a very handsome return on their ‘Grand Designs’-style project have been...

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• Non-UK Residency – Tribunal Relieves Taxpayer of £3 Million Tax Demand

  • Posted4 August 2022

  Claims to non-UK residency for tax purposes are a political and fiscal hot potato and HM Revenue and Customs (HMRC) are, to say the least, reluctant to accept them. In...

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• Entrepreneurs’ Relief and the Definition of ‘Trade’ – Guideline Ruling

  • Posted12 July 2022

  At what point can it be said that an embryonic business has begun to trade? A tax tribunal pondered that fundamental issue in a case concerning a claim for entrepreneurs’...

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• Performance of Employment Contract ‘Tainted by Illegality’ – Cautionary Tale

  • Posted1 July 2022

  There is nothing wrong with an employee being paid in a tax-efficient manner. As an Employment Tribunal (ET) ruling showed, however, where such arrangements stray into the realms of unlawful...

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• Double Taxation Treaties – Wealthy South African Relieved of £10 Million Bill

  • Posted13 June 2022

  Rich individuals often have their feet firmly planted in more than one country and that can give rise to disputes as to where they should be taxed. In a guideline...

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