In HMRC v HOK [2012] UKUT 363 (TCC) the Upper Tier Tax Tribunal (UTT) has ruled that the First Tier Tribunal (FTT) did not have the jurisdiction to reduce late filing penalties on grounds of unfair conduct by HMRC.
SME Tax News
A case summary that illustrates the potential outcome of ignoring the formalities of the Companies Act when a company gets into financial difficulties.
Scottish Premier League (SPL) club Rangers FC have been forced into liquidation by HMRC.
HMRC report that an IT consultant who failed to declare almost £2 million of income received from an IT consultancy business, was jailed for 5 years today for tax fraud.
Is a Land Rover Discovery a car or a van? Can a modified version of a vehicle make it unsuitable for private use?
Michael J Harte and Brenda A Harte v HMRC [2012] TC01951: a couple’s Capital Gains tax election to treat an inherited property as their main residence was denied: the property never qualified a “residence”.
The Upper Tier Tax tribunal has upheld the First-tier Tribunal’s decision that Eclipse Film Partners No 35 LLP (Eclipse 35) was not carrying on a trade and so a tax scheme to provide tax relief for investors failed.
In Laerstate BV v HMRC [2009] UKFTT 209 (TC), a Netherlands company's ex-director and 100% shareholder was found to be exerting control from the UK and the company was found to be UK resident.