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Payment for Removal of Personal Obligation Not a Deduction

When a sale of shares in a company is in progress, there are often a large number of threads that have to be tied up and sometimes this leads to unintended consequences. In a recent case, a shareholder had entered into a contractual obligation to a third...

Get it Right or Else

A recent case illustrates the sort of consequences that can arise from failing to take sufficient care over details when completing a claim for overpaid tax. The claim was made by a group of companies for repayment of VAT wrongly paid. It failed, however,...

Making Tax Digital Delay

The one-year deferral in the adoption of the new 'Making Tax Digital' system for small businesses and landlords is to be welcomed, but businesses are strongly advised to make themselves aware of their pending obligations under the system at an early stage. ...

Claiming VAT on Cars - New Cases Give Hope

Anyone who has tried to recover the VAT on the purchase of a car, particularly an expensive one, will know that few things are as likely to prompt a VAT query. The conditions under which such a claim can be made are strict (see the Value Added Tax (Input...

Sending Employees to the USA - Some Tax Pitfalls

With Brexit looming and the likelihood that firms will look more seriously at doing business in what appears to be a broadly favourable business environment under the Trump regime, it is worth pointing out that sending employees to the USA to work with...

Government Cracks Down on Salary Sacrifice Tax Perks

As had been widely anticipated, the Chancellor of the Exchequer announced in his Autumn Statement that the Government is making changes to salary sacrifice arrangements so that many schemes that currently attract tax and National Insurance Contributions...

Family Companies and Benefits in Kind - Tax Tribunal Guidance

When it comes to Income Tax, almost nothing is more controversial than benefits in kind. The Chancellor's recent announcement on restrictions on 'salary sacrifice' illustrates the Government's hostile attitude towards tax planning that takes advantage of...

Buy-to-Let Landlord Tax Challenge Rejected

The legal challenge to changes in the tax regime relating to buy-to-let properties has failed, despite the backing of a £180,000 'crowd fund' and the pleadings of barrister Cherie Blair. The case was pursued on the basis that the changes, which limit...

New Legislation to Counter Tax Evasion Reaches Parliament

The distaste with which the Government regards tax evasion is clear, with HM Revenue and Customs taking an increasingly tough approach both to tax evasion and (with considerable success) when mounting legal challenges to tax avoidance schemes, especially...

Tough Times for Defaulting Taxpayers

HM Revenue and Customs (HMRC) have in recent years taken an ever more aggressive approach to the collection of underpaid taxes. A woman who for more than a year underdeclared the VAT payable by the building company of which she was a director has agreed to...
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