S162 incorporation relief: speculative activity is a business

Last Updated: 26 September 2023

A speculative landfill and land consultancy counts as a business for capital gains tax (CGT) section 162 incorporation relief.

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CIS helpcards: to claim repayments

Last Updated: 18 November 2025

HMRC produce a helpcard for companies who are Construction Industry Scheme (CIS) subcontractors together with its Top Ten tips in making a successful repayment claim from HMRC.

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HMRC starts annual PAYE reconciliations - check your P800

Last Updated: 26 September 2023

HMRC has started sending out P800s as part of the 2013/14 end-of-year reconciliation process for individuals in PAYE. This compares the tax paid with the tax which is due, according to the information on HMRC’s records. All P800s should be checked for accuracy.

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Fines: No tax relief allowed on non-statutory fines

Last Updated: 17 November 2025

HMRC have successfully appealed the 2012 decision of the First Tier Tribunal (FTT) that would have allowed F1 racing team McLaren tax relief on a £32 million fine imposed for cheating.

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Mansworth v Jelley loss claims

Last Updated: 28 August 2024

In 2014, HMRC's personal tax contentious issues panel conceded that in certain cases it will allow taxpayers' claims for Mansworth v Jelley loss relief. This will bring to an end many long-running disputes over share losses

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HMRC's definition of 'reasonable excuse': too narrow

Last Updated: 26 September 2023

HMRC's definition of 'reasonable excuse' makes for a waste of time and resources: it is "too narrow" according to First Tier Tribunal Judge Ann Redston. As a result cases come to the Tribunal when they could be resolved by HMRC.

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  • HMRC's 2012 'nudge' letter trial
  • Prohibition of corporate members from LLPs
  • Valuation of goodwill: Accountancy practice defeats HMRC
  • Swiss list top 10 destinations for offshore evasion
  • HMRC Direct Recovery of Debts: a 'terrifying' prospect

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