TAX POLICY ADMINISTRATION

VAT: reasonable excuse for late payment

VAT: validity of default surcharge when HMRC is holding monies paid by mistake

Gareth Miles and Richard Jeens consider two recent developments that may affect how taxpayers with apparently similar disputes to others decide what course of action to take

The decision of the Upper Tribunal in Eclipse confirmed that the film partnership in that case was not trading. As Chris Bates and Judy Harrison explain, the decision is also important for what it tells us about the Upper Tribunal’s ability to hear appeals.

Helen Lethaby reviews recent developments affecting the City, including draft Finance Bill provisions and recent decisions in Boyle, Eclipse and Versteegh

Liesl Fichardt reports on findings from a recent survey examining industry views on the competitiveness of the UK tax regime, reputational risk, disputes and HMRC practices

Simon Yeo reflects on HMRC’s recent guidance on how the SDLT anti-avoidance in FA 2003 s 75A applies to financing around distributions of property to shareholders

The Times reported (13 January) that James Anderson – manager of Scottish Mortgage Investment Trust, one of Britain’s biggest shareholders in Amazon, Google, Facebook and Apple – warned the companies ‘not to be so aggressive in avoiding UK corporation tax’.

A new blog titled ‘HMRC working with tax agents’ will keep agents up to date with the introduction of new digital services and provide a ‘more immediate’ way of getting their views, said Theresa Middleton, director of HMRC’s business customer and...

HMRC published a further reminder of the 31 January tax return filing deadline for taxpayers who may be liable to the new high income child benefit charge.