Tax News

Son’s Casual Employment Proves Expensive for DadApril 25, 2018

One area in which problems may not be anticipated is when a family member's status as a 'genuine' employee is disputed by HM Revenue and...

I’ll Scratch Your Back and You Scratch MineMarch 23, 2018

HM Revenue and Customs (HMRC) have recently carried out research on the 'sharing economy' – by which people share skills, resources, time or property with...

Insufficiency of Funds – Deals Mean Loss of ControlFebruary 22, 2018

Failing to pay taxes due because of insufficiency of funds with which to do so has repeatedly been challenged by HM Revenue and Customs (HMRC)...

What Has Queen’s Club Got That Others Don’t?January 2, 2018

In an interesting VAT case, the well-known tennis club Queen's Club has been successful in a claim for recovery of the VAT it incurred on...

Facts Determine Tax Treatment of Dilapidations PaymentOctober 31, 2017

Virtually all leases have clauses which stipulate that when the lease comes to an end, the tenant must leave the premises in the same condition...

Furnished Holiday Lettings Face Tax AttackOctober 10, 2017

The United Kingdom has very favourable Inheritance Tax (IHT) treatment for the owners of business assets used in a trade and, in general, the value...

No Money a Reasonable Excuse for Not Paying TaxJuly 31, 2017

HM Revenue and Customs (HMRC) are not known for being lenient when it comes to taxpayers who fail to pay taxes, and mere inability to...