CASES

Whether taxpayer carrying on a business

Interest on overpaid VATIn HBOS Lloyds Banking Group [2021] UKFTT 307 (TC) (4 September 2021), the FTT held that HMRC was not liable to pay interest on VAT bad debt relief in relation to periods before that relief had been claimed. The VAT bad...

SEIS relief allowed, despite wrong form

Employment-related securitiesIn Vermilion Holdings Ltd v HMRC [2021] CSIH 45 (20 August 2021) is a majority decision of the Court of Session (Inner House) to reinstate the FTT decision that the grant of a replacement option did not fall within ITEPA...

High Court rejects judicial review in loan charge repayment case

Holding company deductions allowed for transaction expenses

Loan relationships had an unallowable purpose

Legitimate expectation in VAT appeals

VAT exemption for insurance and insurance intermediary servicesIn Claims Advisory Group Ltd v HMRC [2021] UKUT 199 (TCC) (16 August 2021), the Upper Tribunal (UT) held that the service of claiming compensation for mis-sold payment protection...

Court of Appeal restores FTT decision on trading with a view to profit.