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Tax Take Blog

Articles: 1-10 of 1039

All is not (necessarily) lost: Crypto crime recovery

United Kingdom - June 30 2022 With over 2 million people in the UK now holding and using cryptocurrency, and the Chancellor announcing that a government backed non-fungible token…

Haymarket Media Group - sale of land and property was not a transfer of a going concern for VAT purposes

United Kingdom - June 30 2022 In Haymarket Media Group Ltd v HMRC [2022] UKFTT 00168 (TC), the FTT considered whether the sale of land and property in Teddington by Haymarket Group…

Zipvit - no input tax deductions as VAT not "due or paid"

European Union, United Kingdom - June 30 2022 In Zipvit Ltd v HMRC (No 2) [2022] UKSC 12, the Supreme Court (SC) dismissed the taxpayer's appeal against HMRC's decisions refusing Zipvit's claims…

Hodge and Deery - the installation of flexible vault burial chambers exempt from VAT

United Kingdom - June 30 2022 In Hodge and Deery Ltd v HMRC [2022] UKFTT 00157 (TC), the FTT ruled that the installation of flexible vault burial chambers fell within the…

[email protected] update - June 2022

United Kingdom - June 30 2022 Welcome to the June 2022 edition of RPC's [email protected], an update which provides analysis and news from the VAT world relevant to your business…

Tribunal allows taxpayer's appeal as investments met the risk to capital test required for Enterprise Investment Scheme relief

United Kingdom - June 29 2022 In Inferno Films Ltd v HMRC [2022] UKFTT 141 (TC), the First-tier Tribunal (FTT) allowed the taxpayer's appeal against HMRC's refusal to authorise the…

Tax Tribunal cancels discovery assessments and late filing penalties

United Kingdom - June 22 2022 In Robert Don Hunter Dougan v HMRC [2022] UKFTT 00140 (TC), the First-tier Tribunal (FTT) cancelled certain discovery assessments issued to a taxpayer…

Permission from the Upper Tribunal needed to argue a new point which was not before the First-tier Tribunal

United Kingdom - June 15 2022 In Wyatt Paul v HMRC [2022] UKUT 116 (TCC), the Upper Tribunal (UT) confirmed that a party must seek the UT's permission to argue a point that was not…

Tribunal confirms documents sought by HMRC were legally privileged

United Kingdom - June 9 2022 In Colin Wiseman v HMRC [2022] UKFTT 00075 (TC), the First-tier Tribunal (FTT) confirmed that certain documents which were requested by HMRC under…

Changes made to top slicing relief held not to apply retrospectively

United Kingdom - June 9 2022 In Sally Judges (as representative for the late R Young) v HMRC [2022] UKFTT 77 (TC), the FTT found that the taxpayer was entitled to adopt a more…