VAT Penalty Reduced – J & W Brown
A recent case concerned penalties that arose on a taxpayer due to a technicality. The taxpayer had run a business as a VAT registered sole trader. He brought his son in as a business partner, …
Farce: Manchester United and HM Treasury
Hello, 1) Sorry for the informality of the greeting but if you were doing a training exercise on fake bombs and security, would you not (at least) count up the number of imitations you had …
Panama Leak – Offshore Disclosures
Categories:
Disclosure HMRC Investigations Penalties Income tax UK Swiss Tax Treaty Contractual Disclosure Facility Isle of Man Disclosure FacilityAs you will have likely heard in the press recently, a leak of confidential documents from Panamanian law firm Mossack Fonseca has brought fresh attention to offshore tax evasion through the use of tax havens. …
Offshore Update – HMRC Clamp Down and Starbucks EU Tax Case
HMRC have recently purchased advertising pointing out that offshore income and gains may be taxable in the UK. This is true. In general, for UK domiciled residents, all worldwide income and gains are taxable (even …
Discovery Allowed by Tribunal – N Pattullo v HMRC
The question of what constitutes a discovery remains an area of ambiguity, although recent cases tended to have sided with HMRC’s view that virtually anything can be considered a discovery. A further recent case was …