£600k Tax Free Payment – But There’s a Catch
A City trader recently won a case at the First-Tier Tribunal confirming that a payment of £600,000 from his former employers could be treated as tax free. The catch comes in the fact that the …
A Camel, a Horse or a Spaceship – Tax Law
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Anti Avoidance HMRC Tax Planning Capital Gains Tax Sale of Company Eaves and Co Tribunal CasesThe Law is not an ass. It is a quadruped, designed by a committee, who, over many years and many different committee members, cannot quite recall whether they were designing a camel, a horse or …
Reasonable Excuse – Further Successes for Taxpayers in the Courts
Two recent tax cases heard by the First-Tier Tribunal show that the courts continue to interpret the phrase “reasonable excuse” more generously that HMRC internal guidance allows for. In S Taylor, a taxpayer was somewhat …
Procedural Issues – Tax Case Law
Recent tax case law has brought out some interesting points on how the Courts view operational issues. 1. Tax avoidance schemes associated with the film industry seem to follow inevitably (with various complications) from the …
The Fool on the Hill?
I note commentary in Taxation approving of ‘High Tech’ solutions. This would encompass (I gather) everyone signing up to the ‘Cloud’. Technology is wonderful. BUT: Some points. They are meant for debate, and I certainly …