Partners not obliged to follow partnership return

Last Updated: 31 August 2023

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.   

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Discovery assessment: UT victory for HMRC

Last Updated: 31 August 2023

In Pattullo v HMRC [2016] UKUT 0270 the Upper Tribunal (UT) held that a discovery assessment into a CGT avoidance scheme was valid.

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HMRC: Agent Update June 2016

Last Updated: 31 August 2023

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.

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HMRC's Brexit message: Carry on as Normal

Last Updated: 31 August 2023

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.

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A win for Tottenham Hotspur

Last Updated: 31 August 2023

In Tottenham Hotspur Limited v HMRC [2016] UKFTT TC05143 the First Tier Tribunal (FTT) found that payments to players were termination payments and not subject to NIC.

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Potential lost revenue: penalty with zero tax liability

Last Updated: 31 August 2023

In Alpine Contract Services v HMRC [2016] TC05148 a director's actions led to penalties for deliberate behaviour. The FTT's interpretation of the term 'potential lost revenue' created a windfall for HMRC.

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  1. HMRC: Employer Bulletin June 2016
  2. Accountants: are you an MSC Provider?
  3. MSC: Provider was 'involved'
  4. Tax experts urge people to use their P60s to reclaim tax
  5. Grazing land qualifies as a business asset

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