McLaughlin's Tax Case Review
McLaughlin's Tax Case Review

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Here are the tax cases reviewed in this month's newsletter:

INCOME TAX  

Compliance


- Late Filing Penalties Cancelled For Appellant Who Had Been In Prison


- Depression And Anxiety Constituted A Reasonable Excuse For Late Tax Return And Late Tax Payment


- Penalty For Non-Payment Of Tax Under Accelerated Payment Notice Cancelled


- HMRC Not Required To Refund Sum In Excess Of Actual Tax Liabilities


Trading Losses


- LLP Was Carrying On Trade But Not On Commercial Basis Or With A View To 

Realisation Of Profits


Employment Income


- Discovery Assessment On Termination Payment Was Out Of Time


Capital Allowances 


- Claim Restricted To Amount Actually Spent On Research And Development


Property Income


- Appeals Against HMRC Assessments Subject To Twenty Per Cent Deduction 

For Expenses Partly Allowed


CAPITAL GAINS TAX


Shares And Securities


- Conversions Of QCBs And Non-QCBs To Be Treated Separately


Private Residence Relief

- Chargeable Gain Reduced Due To Larger Permitted Area

VAT

Value Of Consideration

- Were Overpayments Of Parking Charges Voluntary Payments And Outside The Scope Of VAT Or Additional Consideration For The Supply Of Parking?

Welfare Exemption

- Was The Appellant ‘State Regulated’ And Was EU Law Correctly Implemented Into UK Law, And If Not Did EU Law Have Direct Effect?

Tax Insider