Market leading insight for tax experts
View online issue

Private client briefing for June 2016

Speed read

In McQuillan v HMRC, shares with no dividend rights were held not to be part of a company’s ordinary share capital for entrepreneurs’ relief purposes. The FTT has considered whether HMRC had jurisdiction to issue an information notice to a taxpayer who was no longer UK resident. In X-Wind Power Ltd v HMRC, it was decided that the submission of an incorrect SEIS compliance statement meant that the company lost its qualifying SEIS status. The FTT held in Mabbutt v HMRC that an error in relation to the tax year cannot be cured by TMA 1970 s 114.  The trustee of the EBT in Shah v Insafe International was held to have an obligation and power under the terms of the EBT to make the PAYE and NICs payments out of the trust funds.

If you are not a subscriber, subscribe now to read this content.
If you are already a subscriber, sign in
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this article in full.