General-taxation

In HMRC Commrs v Tooth [2019] EWCA Civ 826 (heard on 2 April 2019), the Court of Appeal reaffirmed that, in order for there to be a ‘discovery’ under TMA 1970 s 29, HMRC had to reach a conclusion... Read more

What’s the story Tobermory? When businesses trade across borders, two countries may want to divvy-up the taxation spoils. The first, is the country in which the income is earned (the Source... Read more

Ever since the Parliament Act 1911 which ended the House of Lords’ ability to amend or block fiscal legislation, finance bills and raising taxes have been the exclusive preserve of the House of... Read more

Following two consultations, the draft legislation to amend IR35 was released on 11 July. In the second of two articles, Kye Burchmore of RIFT Legal Services looks at how these rules will apply in... Read more

Who will be affected by the changes? IR35 was first introduced in 2000 to stop individuals who would otherwise be employees from operating through a limited company to gain a more tax-efficient... Read more

There is a feeling amongst many practitioners and taxpayers that IHT is too complicated to properly understand and administer. 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

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

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