In Senex Investments Ltd v Revenue & Customs [2015] TC04312 the FTT allowed a Business Premises Renovation Allowance (BPRA) claim for a former church.
SME Tax News
National Savings and Investment Granny bonds were available to the over 65s between January 2015 and May 2015.
In Tower Radio Limited, Total Property Support Services Limited v HMRC [2015] FTC/120/2013 a tax planning scheme designed to avoid income tax and NICs was found by the Upper Tax Tribunal (UTT) to succeed.
This is a year-end and new tax year tax checklist for 'Private Clients', it can be used in conjunction with our checklists for Directors, Employers and Self-employed individuals.
In Terrace Hill (Berkeley) Ltd v HMRC TC04282 the FTT considered a finely balanced case as to whether the profits made on the disposal of a property developed for letting amounted to a trading or an investment activity.
In Spring Capital Ltd v HMRC [2015] TC04273 the first tier tax tribunal again rejected HMRC's Shares and Asset Valuation Office's valuation methology.
In Parveen Chadda, Eileen Nash & Pauline Moroney v HMRC [2014] TC04151 the First Tier Tribunal considered whether a joint tenancy had been formally severed for IHT purposes.
The Pensions regulator has created an online registration checklist for employers who are new to pensions auto-entroment.
See: http://www.thepensionsregulator.gov.uk/docs/automatic-enrolment-online-registration-checklist.pdf
HMRC can clock up another victory in tax avoidance litigation. The Court of Appeal has dismissed an appeal by the Eclipse Film Partners No 35 LLP (Eclipse 35), upholding the earlier findings of the FTT, that it was not carrying on a trade.
In Hutchings v HMRC [2015] TC04421, the main beneficiary of a deceased taxpayer received a tax penalty for failing to disclose for Inheritance Tax purposes a gift made from his dead parent’s undisclosed Swiss bank account. This is the first case under this legislation.