Squire Patton Boggs | United Kingdom | 30 Dec 2015
The proposals regarding Stamp Duty Land Tax in the Autumn Statement relating to buy to let properties and second homes have been supplemented by…
Squire Patton Boggs | United Kingdom | 2 Nov 2015
HMRC have announced that the draft clauses for the Finance Bill 2016 will be published on 9 December together with the responses to the consultations…
Squire Patton Boggs | United Kingdom | 6 Oct 2015
Practical point 81 in April 2014 TAXline reported the decision of the FTT in Blackwell v HMRC TC03243 where the meaning of enhancement expenditure…
Squire Patton Boggs | United Kingdom | 4 Sep 2015
When a trade ceases at midnight on the final day of an Accounting period, in which period does the trade end? The Upper Tribunal has recently heard…
Squire Patton Boggs | United Kingdom | 30 Jun 2015
There are lots of Tribunal cases where HMRC have imposed a penalty for a failure to comply with the tax legislation and the taxpayer has claimed a…
Squire Patton Boggs | United Kingdom | 1 Jun 2015
The recent case of Mathew v HMRC TC 4342 involved appeals against Schedule 36 Notices and covered a great deal of ground. However, two interesting…
Squire Patton Boggs | United Kingdom | 31 May 2015
The tribunal has decided that a scrip dividend is capital in the hands of trustees, and therefore subject to the IHT exit charge. The recent case of…
Squire Patton Boggs | United Kingdom | 1 Apr 2015
The Finance Act 2015 came into force on 26 March. It had been published on 24 March and ran to 340 pages. It contained quite a lot of stuff –…
Squire Patton Boggs | United Kingdom | 17 Mar 2015
The case of Terrace Hill (Berkeley) Ltd provides a further insight into the distinction between trading and investment. This perennial question…
Squire Patton Boggs | United Kingdom | 3 Feb 2015
Interest on all unpaid tax is charged at the same rate. The Formula is Bank base rate plus 2.5% which gives a present rate of 3%. There is one…