Hello
This time we have a new client briefing on the changes to buy-to-let interest, with worked examples, an update on pensions, and a couple of case reports that may well be of interest to many advisers.
Hello
This time we have a new client briefing on the changes to buy-to-let interest, with worked examples, an update on pensions, and a couple of case reports that may well be of interest to many advisers.
In Nigel Barratt v HMRC [2015] TC04514 the first tier tribunal (FTT) once again found that HMRC's interpretation of reasonable excuse was 'inappropriate'.
HMRC have reported that an increasing number of errors are being made in inheritance tax reporting.
In Skatteverket v David Hedqvist (C-264/14) [2015], the CJEU has decided that bitcoin exchange services are exempt from VAT.
A number of changes to working tax credits and child tax credits were announced in the Summer Budget and we have summarised these for you.
In Ernest O Bustard v HMRC [2015] UKFTT TC04703 a take-away owner successfully appealed the results of a mark-up exercise by HMRC: its assessments were not made in best judgement and were excessive.
In William P Harrison v HMRC [2015] TC04693 the taxpayer made multiple invalid CGT main residence elections: none of the elected properties was ever occupied as a "residence".
In Sonny Joseph McEwen v HMRC [2015] TC04677 the first tier tribunal (FTT) found that payments to a subcontractor had been paid gross: there was no evidence of any tax deduction.