CASES

AG opines on interest on overpaid VATIn technoRent International and others (Case C-844/19) (21 January 2021), the advocate general concluded that there was a right, under Directive 2006/112/EC article 183, for interest to be paid on excess VAT...

CJEU rules on assistance in collection requirements

Place of supply of hiring means of transport

Follower notice penalties In Bentley v HMRC [2021] UKFTT 5 (TC) (8 January 2021), the First-tier Tribunal (FTT) upheld three penalties for failure to take corrective action required by follower notices but reduced the amount of the penalties from 42%...

Reasonable excuse for late filingIn J Brocklesby v HMRC [2020] UKFTT 498 (TC) (10 December 2020), the FTT held that the appellant had a reasonable excuse for the late filing because: (i) he could not file his return online for reasons outside his...

FTT applies Ramsay to defeat loss creation scheme

Entrepreneurs reliefP Kennedy v HMRC [2021] UKFTT 3 (TC) (5 January 2021) shows all too clearly what happens when a taxpayer attempts to run an argument which cannot be supported by the facts. One of the conditions for entrepreneurs...

Loan broking structure fails to remove irrecoverable VAT cost

R&D claims rejected

Upper Tribunal confirms preference shares were ordinary share capital for tax purposes