A consultation is currently in progress relating to proposed changes to the rules on unapproved employee share schemes and employment-related securities. The changes proposed could be quite radical and therefore advisors who deal with such …
Tax unattended to is a recipe for disaster. Peter Figg vs Commissioners for HMRC presents a sorry tale of taxpayer woe! Mr Figg was promised a new job with a tax free removal package offered …
Company share valuations can be a notoriously tricky area and the legislation offers little guidance as to appropriate methods of arriving at open market valuations. Case law has often formed the basis of such considerations, …
We wrote previously regarding the First-Tier Tribunal case of McLaren Racing Ltd v HM Revenue & Customs, where the Tribunal found that the fine relating to spying on Ferrari (which amounted to around £34m) was …
The saga of HM Revenue and Customs seeking penalties at the slightest provocation continues, as a recent case on reasonable excuse demonstrates. In Spink [2014] a taxpayer: Received advice from the Department of Work and …