A recent tribunal case illustrates the circularity in the operation of the anti-avoidance in Sch 10 which restricts the option to tax a property. The rules should be abolished.
The Scottish Fiscal Commission releases its second report.
From 2019, HMRC will have 12 years to raise assessments on offshore matters, even if the taxpayer has made an innocent error. This will catch years back to 2013/14 where the taxpayer has been careless, or 2015/16 where the taxpayer made a mistake despite taking reasonable care.
Entrepreneurs’ relief is meant to encourage the owners of successful companies. But owners who raise extra funds to grow their businesses can find that doing so means that they lose their entitlement to relief. The draft bill includes measure to alleviate this problem, but they only come into effect on 6 April next year so business owners need to take great care in the timing of any new fundraising.
The surprise announcement of the November budget is still a work in progress.
From April 2020, the VAT default surcharge regime will be replaced by two new penalties. But will the new points-based penalty system be as disproportionate as the regime that it’s replacing?
Are there circumstances when a letting property can qualify for business property relief?
In support of the litigation and settlement strategy.
Member states go it alone as EU plans to tax the digital economy flounder.