Next year’s Budget will take place on Wednesday 18 March 2015. See Autumn Statement highlights for a list of key proposals to be included in the 2015 Finance Act.
Solicitors' Tax Campaign (Now Closed)
The Solicitors Tax Campaign (STC) was aimed at solicitors: it ran out on 9 March 2015.
HMRC v Donaldson: daily late filing penalty temporary victory for HMRC
In HMRC v Donaldson [2014] UKUT 0536 (TCC), the Upper Tax tribunal (UT) confirmed that HMRC had correctly imposed daily late filing penalties under para 4(1)(c) schedule 55 FA 2009. The case has been appealed by the taxpayer.
Autumn Statement 2014: the highlights
Autumn Statement 2014: surprise announcements on restriction of Entrepreneurs' Relief on incorporation and new Stamp Duty Banding. Subscribers, please see your detailed version: Finance Bill 2015 tax update and rolling planner
Ten things you need to know about tax avoidance
HM Revenue & Customs (HMRC) have published a list of ten things you need to know about tax avoidance (that scheme promoters won't always tell you). They are:
Disguised employment and Entrepreneurs' Relief
In Richard Hurst v HMRC [2014] TC0403 a taxpayer successfully claimed that he was a "disguised" employee in order to claim CGT Entrepreneurs' Relief. His claim to be a de facto director failed.
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