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


- Company Director Had No Obligation To Submit A Tax Return


- No Reasonable Grounds For HMRC Not To Issue Closure Notice Following A Three-year Enquiry


- Penalties: Period For Making Accelerated Partner Payments Had Not Ended


- HMRC Did Not Correctly Challenge Taxpayer’s Self-Assessment


Employment Income


- Company Payments To Trust For Employees Were Taxable Emoluments Or Earnings


Partnerships


- Expenditure On Rights To Income From Films Was Capital


CORPORATION TAX


Trading Profits


- Accounting Debits On Grant Of Share Options Under IFRS2 Were Deductible


CAPITAL GAINS TAX


Compliance


- HMRC Had Power To Enquire Into Its Own Calculations


- Negligible Value Claim Was Validly Made

INHERITANCE TAX

Business Property Relief

- Holiday Cottage Lettings Business Was Mainly One Of Making Or Holding Investments

VAT

Zero-rated Construction

- Was The Construction Eligible For Zero-rating As A New Build Residential Property?

Zero-rating Certificates:

- Did A Zero-rating Certificate Take Precedence Over The Actual Liability Of The Supply?

Tax Insider