Love it or hate it
We are now several months past what must have rung alarm bells within HMRC, namely, the pre-election promise by Ed Milib...
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Features
The big question?
We are gradually starting to understand the statutory residence test (SRT) but, although some of the habitual areas of u...
Great expectations
The acquisition of an asset and its subsequent lease back to the vendor is known as a sale and leaseback (S&L) trans...
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Where EU policies collide
When the UK introduced VAT in 1973, it was permitted for some types of supply to be zero-rated if this was considered de...
Taking the credit
The research and development expenditure credit (RDEC) was introduced by the Finance Act 2013 and has led to a change in...
Not-for-profit, not for tax?
One challenge for the tax adviser working in the not-for-profit (NFP) sector is the assumption that because an organisat...
Raising taxes
Slowly the word crept out that there would be a great deal in the summer Budget – although details of the content remain...
HMRC powers' survey
The CIOT and ATT’s survey of members in February 2015 was their first in five years to seek views on on HMRC Powers: Pen...
Permanently temporary
‘Under this proposal, on the 5th April 1860, the income tax will expire.’ These are the words of William Gladstone in 18...
Substantive appeal
Trade is defined by ICTA 1988 s 832 in broad and circular terms as including ‘every trade, manufacture, adventure or con...