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The CIOT and ATT’s survey of members in February 2015 was their first in five years to seek views on on HMRC Powers: Penalties, Compliance Checks and Reviews.

Slowly the word crept out that there would be a great deal in the summer Budget – although details of the content remained closely guarded until 8 July.

When the UK introduced VAT in 1973, it was permitted for some types of supply to be zero-rated if this was considered desirable for defined social purposes and to the benefit of the consumer.

In the early days of my tax career, nearly 25 years ago, there was a legislative provision that I thought a very useful relief.

Imagine this: you are a clothes retailer who gives your staff a quarterly allowance of free clothing. They will wear some of the items while on duty and some will be used away from work only.

While the Enterprise Investment Scheme (EIS) has been with us for 21 years and the Seed Enterprise Investment Scheme (SEIS) has been around since FA 2012, both schemes remain popular with small ent

Oh dear! A case involving a dispute over VAT of £22,750 was eventually decided in the Court of Appeal, where legal costs must surely have far exceeded the disputed amount in question.

We are now several months past what must have rung alarm bells within HMRC, namely, the pre-election promise by Ed Miliband, then leader of the opposition, that a future Labour government would car

HMRC have changed the way companies must comply with FATCA, clarifying the obligations including those under the common reporting standards and relieving some businesses of the need to file.

The acquisition of an asset and its subsequent lease back to the vendor is known as a sale and leaseback (S&L) transaction.