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Taxpayers should always ensure that they comply with deadlines for appealing against decisions made by HM Revenue and Customs (HMRC), even if discussions with HMRC continue after a decision is notified to the taxpayer. A recent case in which a restaurant...
The First-tier Tribunal (FTT) has dismissed an appeal by a recruitment agency against penalties for late payment of VAT, finding that it did not have a reasonable excuse for failing to pay the VAT on time. The agency provided flexible workers across all...
The First-tier Tribunal (FTT) has refused to strike out the entirety of a taxpayer's appeal against a closure notice issued by HM Revenue and Customs (HMRC), finding that the issue of whether the taxpayer could make a claim for Business Asset Disposal...
HM Revenue and Customs (HMRC) have published statistics showing the estimated 'tax gap' for 2024/25. The tax gap is the difference between the amount of tax that should, in theory, be paid to HMRC and the amount actually paid. The statistics indicate that...
Normally, both parties in proceedings before the First-tier Tribunal (FTT) pay their own costs, but the FTT can make an order for costs where one of the parties has acted unreasonably in bringing, defending or conducting the proceedings. A recent decision...
The Supreme Court has upheld a decision of the Court of Appeal in a case concerning how the test of whether members of a limited liability partnership (LLP) have significant influence over its affairs for the purpose of determining whether they are...
The Supreme Court has ruled that the costs of surveys and studies in connection with the construction of wind farms were not 'capital expenditure on the provision of plant' for the purposes of Section 11(4)(a) of the Capital Allowances Act 2001 , and...
The First-tier Tribunal (FTT) has ruled that 'Mega Marshmallows' are not confectionery and are therefore zero-rated for VAT , in a case that reached the Court of Appeal. A wholesaler of American sweets and treats which supplied Mega Marshmallows was issued...
Companies intending to raise funds through schemes that offer tax relief to investors should always obtain expert advice to ensure they comply fully with the rules applying to those schemes. Recently, two companies that had issued shares under the Enterprise...
Where a partnership's members include a company, the company's share of the partnership's profits is calculated as if the partnership's trade was carried on by a company, by virtue of Section 1259 of the Corporation Tax Act 2009 . The Court of Appeal...
