Joseph Okolo v HMRC [2012] UKUT 416 an individual made four fictitious returns under Self Assessment in order to deceive lenders.
SME Tax News
HMRC have successfully appealed the 2012 decision of the First Tier Tribunal (FTT) that would have allowed F1 racing team McLaren tax relief on a £32 million fine imposed for cheating.
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.
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.