In Jane Borton t/a Contract Build v HMRC [2016] UKFTT TC05224 the First Tier Tribunal (FTT) agreed that the input VAT paid on the purchase of a car by a sole trader could be reclaimed.
Partners not obliged to follow partnership return
In R King & Others v HMRC [2016] TC05163, the First Tier Tribunal (FTT) found that the members of an LLP could declare a different profit share in their personal returns if they believed that the figure in the partnership return was incorrect.
Nichola's SME Tax w-update 1 July 2016
Hello
What a week! Quite apart from Brexit (and the football...), life for our totally digital business is always a bundle of laughs: we've had two days of power cuts, Windows 10 upgrade issues and DNS errors. The show goes on! We are back this time with some 'back-to-basics' guides, a look at what Brexit means for tax, HMRC's Agent update, a couple of cases and updates to our guides.
Discovery assessment: UT victory for HMRC
In Pattullo v HMRC [2016] UKUT 0270 the Upper Tribunal (UT) held that a discovery assessment into a CGT avoidance scheme was valid.
HMRC: Agent Update June 2016
HMRC have issued their Agent Update for June 2016: we have summarised the key content for you with links to our detailed guidance on the topics covered.
HMRC's Brexit message: Carry on as Normal
HMRC has recorded a message on its phonelines to reassure taxpayers that the EU referendum result of Brexit heralds no immediate changes to the UK's tax system.
Page 140 of 179