In Knight and Knight v HMRC [2016] TC05544 incorrect calculation of foreign gains under the LDF led to a discovery assessment and enhanced tax penalties.
Nichola's SME Tax W-update 6 January 2017
Happy New Year
We are back with a carefully curated guide to what's hot and what's not for SME owners and advisers.
Top 10 hits of 2016
What a year 2016 has been in the world of UK tax. Here is our run down of the top 10 developments and events.
Nichola's SME Tax W-update 16 December 2016
Hello
There are a lot of updated guides this week. Our apologies but HMRC have been working really hard in getting out responses to all our consultation responses from the summer.
Tax deduction for daughter's motor racing sponsorship
In The Crown and Cushion Hotel v HMRC [2016] TC05492 the First Tier Tribunal (FTT) allowed a deduction for corporation tax for payments made sponsoring the director's daughter’s motor sports activities.
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