Tooth: Court of Appeal decision cuts two ways
5th September 2019
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...
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Withholding tax and Brexit
3rd September 2019
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...
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Tax powers and taxpayer safeguards: Lords quiz Government Minister
9th August 2019
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...
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Inheritance tax: All change?
11th July 2019
There is a feeling amongst many practitioners and taxpayers that IHT is too complicated to properly understand and administer.
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Buy-to-let owners: an anti-avoidance trap?
25th June 2019
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,...
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Simplifying tax for smaller businesses
10th June 2019
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...
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One Month in a Minute: April 2019
31st May 2019
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...
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Chargeable event gains: A ‘just and reasonable’ remedy?
26th March 2019
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...
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Marriage allowance: Claims and back-dated claims
18th March 2019
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...
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One Month in a Minute: February 2019
4th March 2019
Spring Statement – 13 March The Chancellor has announced that the Spring Statement will be on Wednesday 13 March.
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