27 August 2024
Get Onbord Limited - hocus pocus about locus?
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.
30 July 2024
Selling soon? Keep tax in mind
The Chancellor’s statement yesterday highlighted a black hole in public finances. The Chancellor also reaffirmed Labour’s commitment not to raise income tax, NICs or VAT (beyond the addition of VAT to private school fees paid from yesterday in relation to the school term staring in January 2025).
11 July 2024
Privacy series part three: Privacy in tax litigation
Privacy and confidentiality in tax cases have always been important particularly where the taxpayer is someone in the public eye. Whilst a tax enquiry, or indeed litigation, does not mean that the taxpayer has ‘done something wrong’, there are certain negative inferences made by the public and media which could impact future opportunities for the individual or corporate involved.
25 June 2024
How to protect your business from HMRC input VAT claim refusals: the Kittel threat
Taxpayers have the right to deduct input tax, but HMRC can deny this if it proves the taxpayer knew or should have known their transactions were linked to fraud. Recently, there has been a significant rise in HMRC correspondence denying input tax recovery on these grounds across various sectors. It is vital to address this issue carefully due to its serious potential reputational and financial consequences for businesses.
12 June 2024
To give, or not to give: that is the question
If someone dies domiciled in the UK for inheritance tax (IHT) purposes (or non-domiciled but with UK assets exposed to IHT), this is a tax that cannot be ignored.
