Three recent tax-related developments in the insolvency and restructuring sphere.
Most lifetime gift givers are unaware of the various tax exemptions, and those who are aware are largely uninfluenced by them – which begs the question, is all this tax complexity really necessary?
While details of the UK’s long-term relationship with the EU remain unclear, the associated VAT and customs issues continue to throw up challenges.
The Upper Tribunal upholds penalties for late filing even though no tax is due.
The tribunal focuses on the bigger picture in another taxpayer IR35 win.
If it looks like a van and drives like a van, is it still a van for tax purposes?