Ownership and tax issues – HMRC guidance on constructive and resulting trusts
22nd December 2011 |
Capital Gains Tax
It is straightforward in most cases to establish an individual’s income entitlement for tax purposes. However, there are exceptions. HM Revenue andCustoms (HMRC) recently issued new guidance in its...
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Penalties and costs – The taxpayer fights back
22nd December 2011 |
HMRC
Taxpayers have recently been successful in a number of appeals before the tax tribunal on the grounds of ‘reasonable excuse’, mainly in respect of late filing penalties. One such case is highlighted...
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