In Gordon Lim v HMRC [2019] TC07158 the FTT held no deduction could be claimed for forfeited property deposits and payments for breach of contract; the taxpayer had not incurred the costs as part of his property dealing trade.
SME Tax News
Dropbox deleted our data and then restored it with the wrong dates. Users of Dropbox need to be aware that the service has a massive flaw. If things go wrong and you have to restore lost data, it will re-date all your files and folders to the date of restoration.
In Ernest Thomson & Ors v HMRC [2018] TC 6598 the First Tier Tribunal decided three taxpayers who dealt in contracts for difference were not trading; they were not able to offset losses against income from other sources.
In Executors of Mrs R W Levy v HMRC [2019] TC07233 the First tier tribunal held that HMRC did not have the power to issue a closure notice where the amount of tax due had not yet been determined.
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This time: how did Entrepreneurs' Relief become quite so complicated? Company cars, gifting shares, capital allowances and VAT and special offers.
HMRC have issued a policy paper ‘Technical and procedural amendments to the General Anti-Abuse Rule’ on proposals for HMRC to issue notices to taxpayers refusing to co-operate with them by withholding information about tax arrangements.
In Kickabout Productions Limited v HMRC [2019] TC7230 the First Tier Tribunal (FTT) narrowly decided that for the purposes of the hypothetical employment contract requirement of IR35, that radio broadcaster Paul Hawksbee would not have been an employee of TalkSPORT. This decision was overturned by the Upper Tribunal in July 2020.
In Langford v Secretary of State for Defence 2019 EWCA Civ 1271 the Court of Appeal ruled that a cohabitant could claim her partner’s RAF pension death benefits despite being married to someone else.