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The End of Leasehold Flats? A Breakdown of the Draft Commonhold and Leasehold Bill
Úna Campbell
There have a been a string of high-profile celebrity bankruptcies over the decades from Kerry Katona, Joe Swash, Chris Eubank and, now, Katie Price. Not only were all the names on that list ex-contestants on the ITV hit show “I’m a Celebrity” but the common theme amongst them is that they were all bankrupted by HMRC for unpaid taxes.
The recent decision in Get Onbord Limited v HMRC [2024] UKFTT 617 (TC) provided some helpful guidance for taxpayers and HMRC on the First-tier Tribunal’s (“FTT”) approach to research and development (“R&D) claims and in particular, the levels of evidence that both parties need to provide.
It is a long-standing principle that fraud or dishonesty should not be alleged without proper grounds. Particular care needs to be taken by claimants to carefully assess the words used which are alleged to amount to a misrepresentation, and to differentiate between statements of opinion and fact to ensure that the claim is properly thought out and pleaded. Failure to do so may have serious consequences for a claim, and result in liability for costs.
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