CASES

FTT rejects transitional provision carried interest appeals.

Provision for future payments under an unfunded retirement benefit scheme not wholly and exclusively for trade purposes.

The VAT benefits of having clear contractual terms.

Costs decision reversed: Metropolitan International Schools Ltd v HMRC [2024] UKFTT 320 (TC) (10 April 2024) is a slightly odd decision where a FTT judge reversed her own decision about an award of costs against HMRC. The details are probably of...

Interest on recurring loans constituted yearly interest and UK to UK exemption did not apply.

ER claim succeeded despite shareholding of less than 5%.

The limited circumstances in which HMRC can cancel a VAT registration number.

Bonus arrangements were fully taxable:Lynx Forecourt Ltd v HMRC [2024] UKFTT 278 (TC) (27 March 2024) is an appeal that relates to bonus arrangements put in place as far back as 2003. They were designed to exploit the rules which existed at the...

Court of Appeal overturns Upper Tribunal decision on transfer pricing but upholds conclusion on unallowable purpose.

Taxpayer’s appeal against FTT IR35 appeal unsuccessful.