Tax Online Blog

In her Annual Report for 2019, the Adjudicator Helen Megarry describes improvements in her Office, both in how complaints from the public are handled and in the time taken to deal with them. She... Read more

Most individual buy-to-let UK residential property owners will probably assume that the straightforward purchase and subsequent sale of buy-to-let residential property is a capital transaction,... Read more

In May, the Office of Tax Simplification (OTS) published its report Simplifying everyday tax for smaller businesses, the second of two reports requested by the Chancellor of the Exchequer to... Read more

Tax loopholes, solicitors acting ‘plainly wrong’ and 1.1 million spent on legal fees makes the reading of ABX v SBX [2018] EWFC 81 very interesting for most.  What is particularly interesting is... Read more

Making Tax Digital (MTD) update(s) HMRC updated guidance on keeping digital records for MTD for VAT HMRC has issued new guidance on what it deems legally necessary for compliance with the new... Read more

Phoenix from the flames In 2016, new rules were introduced to stop a type of “phoenixism”. Not the old sort that really got HMRC’s goat where someone would pay all their debtors but HMRC and then... Read more

When an individual surrenders part of a life policy, a chargeable gain is triggered equal to the surrender proceeds less 5% of the premium for each year that the policy has been held. This method... Read more

The days before the end of the tax year are a good time for advisers to ensure that their clients have claimed all tax reliefs and allowances to which they are entitled, before another year falls... Read more

Tribunal was correct to find taxpayer failed to meet required condition to change his accounting date The Upper Tribunal (UT) has dismissed an appeal by a taxpayer who claimed that the First-tier... Read more

HMRC reached correct conclusion by a flawed decision-making process An appeal against a decision of HMRC to issue a notice of requirement (NoR) to provide security under VATA 1994, Sch 11, para... Read more