In Aozora GMAC v HMRC [2019] EWCA Civ 1643 the Court of Appeal agreed that the taxpayer did not have a legitimate expectation that it could rely on HMRC’s published guidance; the degree of unfairness and detriment suffered from the change in the guidance was not sufficiently high.
SME Tax News
It is being reported that Justice Secretary, Robert Buckland has said that plans to introduce a new probate fee banding structure, originally proposed in 2017 but delayed then revived in 2018, have been dropped altogether as the policy is not 'fair and proportionate'.
In Hora Tevfik v HMRC [2019] TC07383 the First Tier tribunal denied claims for capital allowances on the communal areas of HMO properties and found a discovery assessment valid despite oddities in the return.
In Foster v R&C Commrs UKUT0251 (LC) the Upper Tribunal Lands Chamber partly allowed an appeal against a valuation for IHT purposes of land with development potential; HMRC’s approach was correct but the resulting value was too high.
Under recent measures the EU has made changes to its tax cooperation lists, removing the United Arab Emirates and the Marshall Islands from the tax haven blacklist, and transferring Albania, Costa Rica, Mauritius, Serbia and Switzerland to its whitelist of fully cooperative territories.
The Chancellor, Sajid Javid, has announced that in the event that we leave the EU on 31 October 2019 with a deal, there will be a budget on 6 November 2019.
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As unprecedented numbers of Extinction Rebellion (XR) protesters hit the streets we look at the top ten 'no brainers' that we can do to reduce our business's impact on the environment and what incentives the government offers to help us do that.
As the climate change protesters Extinction Rebellion (XR) hit the streets in unprecedented numbers what can you do and, what tax incentives are currently on offer, to assist you in running a more climate friendly business?
The government have published their response to the Treasury Sub-Committee's report 'Disputing Tax' which covers how HMRC deals with tax avoidance and evasion and their approach to conducting tax enquiries and resolving tax disputes.
Annual figures released by HMRC show a substantial increase in the value of patent box and Research and Development (R&D) relief claims for 2016/17 and suggest there could be a reduction in claims for 2017/18.