ER success: Preference shares were Ordinary shares

Last Updated: 30 August 2023

In Stephen Warshaw v HMRC [2019] TC08674 the FTT allowed an appeal against £1,158,916 of CGT: cumulative compounding preference shares were ordinary shares for Entrepreneurs' Relief.

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VAT registration required: Taxi firm owner was not an agent

Last Updated: 30 August 2023

In Bryn Williams v HMRC [2019] TC06963 the FTT held that a taxi firm owner should have registered for VAT; he was not acting as an agent for his drivers when contracting with local authorities.

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HMRC delay frustrates Discovery Assessment

Last Updated: 30 August 2023

In Hargreaves v HMRC [2019] TC07090 HMRC's long delay in raising an assessment on an £84m capital gain meant that there was no 'discovery' and it was invalid.

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Nichola's SME Tax W-date 3 May 2019

Last Updated: 30 August 2023

Hello

This time we are looking at shares, from share purchases to reorganisations.

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TaxAid and Tax Help job vacancies

Last Updated: 30 August 2023

We are happy to promote some exciting job vacacancies in tax for the amazing tax charities: TaxAid and Tax Help for Older People. 

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ER claim fails: share capital is measured by nominal value

Last Updated: 30 August 2023

In Philip Hunt v HMRC [2018] TC02528, the First Tier Tribunal (FTT) decided that the Entrepreneurs’ Relief test for a percentage holding in a company’s ‘ordinary share capital’ should be measured by nominal value rather than the number of shares in issue.

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  1. Nichola's SME Tax W-update 26 April 2019
  2. Jobs in Tax: Tax writer and Adviser wanted
  3. Agent update April/May 2019
  4. Nichola's SME Tax W-update 23 April 2019
  5. Input VAT allowed on director's legal fees

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