UK tax information

UK's leading independent tax website. Tweeting about all things tax. Following UK tax-related tweets.

[UK tax information @TaxationWeb]

So much ill-informed and half-baked theorising about how CGT works when selling your home. We had to add our own... explanations of why this is unlikely to be the scandal some of you were looking for -
https://t.co/U86iKWGxGf

[UK tax information @TaxationWeb]

TaxationWeb's 2024 Spring Budget Review with analysis of incorporation, the new marginal rates for extracting profits, dividends and salaries, replete with charts, tables, the odd pantomime villain and the jokes that weren't -
https://t.co/KQdWmmpUd6

[UK tax information @TaxationWeb]

IHT planning to die for! Mark McLaughlin's article looks at circumstances where an individual’s estate can escape inheritance tax completely on death.
https://t.co/IKxe2MTWD5

[UK tax information @TaxationWeb]

Court of Appeal: An LLP was not entitled to business property renovation allowances on the full amount claimed on expenditure incurred in converting a former flight training centre into a Ramada Encore hotel
https://t.co/hWOSyQ9DCj
London Luton Hotel BPRA Property Fund LLP v HMRC

[UK tax information @TaxationWeb]

Tribunal: Subsistence payments from employer to employees were not round sum allowances; were within the scope of a dispensation, met the ‘qualifying conditions’, and it was not open to HMRC to assess any payment made under it.
https://t.co/O9kM7kT4vY
NWM Solutions Ltd v HMRC

[UK tax information @TaxationWeb]

Tribunal: An appeal against coronavirus job retention scheme payments to a company was allowed in part in respect of an employee but was otherwise dismissed, including in relation to a director of the company.
https://t.co/ueTIL55hls
Zoe Shisha Events Ltd v HMRC

[UK tax information @TaxationWeb]

Tribunal: First-tier Tribunal refused permission for a limited liability partnership to make an appeal that was 60 days late in an IR35 case concerning an individual who performed services as a tennis commentator for Sky Sports.
https://t.co/h7ZSudTYzQ
Cranham Sports LLP v HMRC

[UK tax information @TaxationWeb]

Tribunal: Discovery assessments on offshore trust loan interest benefit could not validly be issued under the 12-year time limit for offshore matters without careless behaviour but could be issued under the ‘requirement to correct’ regime.
https://t.co/LNDnHFR7sV
Scott v HMRC

[UK tax information @TaxationWeb]

Tribunal: Discovery assessments were out of time after deciding HMRC had not satisfied the burden of proving that the appellant or his accountants acted carelessly or deliberately in relation to an insufficiency of tax discovered by HMRC.
https://t.co/mwUHNWodjF
Danapal v HMRC

[UK tax information @TaxationWeb]

Tribunal: First-tier Tribunal directed that the appellant’s appeal against tax assessments be stayed until 28 days after the determination of his appeal against information notices relating to the same tax years.
https://t.co/YPDTAomTg1
McMeekin v HMRC

[UK tax information @TaxationWeb]

Tribunal: An appeal purportedly by the taxpayer was found not to have been made on time, and permission to make a late appeal was refused.
https://t.co/VJpT2ERCeI
Cenkci v Revenue and Customs [2023] UKFTT 270 (TC)

[UK tax information @TaxationWeb]

Tribunal: Certain documents requested by HMRC in an information notice were subject to legal advice privilege, and the applicants were not obliged to disclose any part of them.
https://t.co/zvNxIMMGUb
Refinitiv UK Holdings Ltd & Anor v HMRC

[UK tax information @TaxationWeb]

Tribunal: The release of an overdrawn directors’ loan account balance occurred at the time a settlement agreement between the director-shareholders and the company was executed and was taxable on the individuals in that tax year.
https://t.co/GKigS5vVpS
England & Anor v HMRC

[UK tax information @TaxationWeb]

Tribunal: The intermediaries legislation (IR35) applied to the services of a well-known TV and radio presenter, which were provided through a personal service company.
https://t.co/ipHrtpLuUq
Red White and Green Limited v HMRC

[UK tax information @TaxationWeb]

Tribunal: Intermediaries legislation (IR35) did not apply to arrangements involving the supply of a TV presenter’s services to a client through a partnership governed by the Partnership Act 1890, in which the individual was a partner.
https://t.co/TCvynzkUv1
Lineker & Anor v HMRC

[UK tax information @TaxationWeb]

Tribunal: Appellant was liable to pay the high-income child benefit charge but tribunal invited HMRC to exercise its care and management powers on the assessments, and appellant’s appeals against late notification penalties allowed.
https://t.co/UK8rHyZLLA
Kensall v HMRC

[UK tax information @TaxationWeb]

Tribunal: Appellant was entitled to reasonable costs incurred mainly because of HMRC’s unreasonable conduct in failing to agree the appellant’s hardship application in a complex appeal case and a misconceived strike-out application by HMRC.
https://t.co/ZReJm5isSm
Patel v HMRC

[UK tax information @TaxationWeb]

Court of Appeal: Taxpayer’s successful challenge before the tribunals to the disclosure of certain documents to another taxpayer was overturned by the Court of Appeal, but other documents were covered by taxpayer confidentiality.
https://t.co/IauGt5dMVD
Mitchell & Anor v HMRC

[UK tax information @TaxationWeb]

@icpa_t @StephenMilne8 Realistically, the only way HMRC will be able to "prove" that its digital channel is the best option for taxpayers, is by quietly making it the ONLY option for taxpayers.

[UK tax information @TaxationWeb]

Court of Appeal: ‘Minimum annual payments’ under a film scheme were income to which the taxpayer was ‘entitled’ for tax purposes, notwithstanding that the taxpayer had assigned away his rights in those payments.
https://t.co/LBRQxhNvmJ
Good v Revenue and Customs