IN BRIEF

Graham Elliott (City & Cambridge Consultancy) considers a recent tribunal decision on whether redundancy payments were consideration for a supply of goods or services.

Spurs 2 HMRC 0

A discussion paper outlines four possible approaches to setting Scottish income tax rates and bands.

The Autumn Budget has repealed the carried interest transitional rules, effective from 22 November 2017.

Damages to compensate for loss of interest are taxable as interest.

The UK government needs to be careful how it responds to the current debate.

Straid Farms Ltd v Revenue Scotland [2017] FTSTC 2, decided on 26 July 2017, was an appeal against a late payment penalty issued by Revenue Scotland to a landfill operator. The penalty was for £7,596, calculated at 1% of the late Scottish landfill...

A recent decision provides helpful reading for any penalty case arising with the Scottish devolved taxes where a reasonable excuse or special circumstances is to be claimed, writes Justine Riccomini (ICAS).