CASES

Goodwill: M Smith and another v HMRC [2023] UKFTT 912 (TC) (30 October 2023) is an interesting case on the nature of goodwill. Two individual IFAs operated via a company. The business of the company was transferred to an LLP and the capital accounts...

Supreme Court rules on deeming provision for share options.

Taxpayer’s attempt to change VAT group joining date denied.

Application to amend grounds of appeal refused.

No inconsistency between DPT notices and terms of advance pricing agreement.

Accounting standards and taxable profit: In Hart St Maltings Ltd v HMRC [2023] UKFTT 860 (TC) (12 October 2023), a company was a small property developer that had purchased a building for conversion into two separate properties and at the end of the...

Services supplied within an investment banking group were a single supply subject to VAT

Biscuit was partly covered by chocolate and therefore subject to VAT

DOTAS scheme reference number properly allocated to umbrella company

Deliberate inaccuracy penalties could not be transferred to directors of umbrella company