HMRC is continuing with its anti-evasion publicity campaign, “closing in on undeclared income”, through targeted advertisements on over 3,000 billboards in public spaces. The basic poster is perhaps tacky and to some eyes a little sinister …

The recent tribunal case of Taste of Thai Ltd (TC2721) dealt with a penalty for late VAT registration; specifically when the VAT became due for the purposes of calculating the penalty rate. Background The restaurant …

For those of you who failed to find the exciting Government Consultation Document, ‘Raising the Stakes on Tax Avoidance’.  It is a fluffy, woolly document which proposes that the HMRC should have discretion to label …

The rules on whether expenditure may be allowed as a deduction under the ‘wholly and exclusively’ principles can often be contentious.  This is demonstrated by the number of cases taken to the courts to determine …

Background Disincorporation Relief was introduced from 1 April 2013 and is a form of roll-over or deferral relief. When a company ‘disincorporates’ there is a transfer of assets between the company and its shareholders.  As …