Discover

News & Insights

Read all our latest newsletters below or use the search facility to look for older items

Reasonably required? – Tribunal reins in HMRC request for information

A First Tier Tribunal recently considered this in the case of Syngenta Holdings Ltd v HMRC, [2021] UKFTT 236, in relation to HMRC’s request for disclosure of a number of categories of information, include a request that “the emails to [five named individuals] for the period of two years leading up to the approval of…

The UK Real Estate Tax System Podcast

Alan Kennedy of Trident Tax recently recorded a podcast for the London Property Network, discussing UK real estate tax issues for overseas investors. You can listen to it here or through any of the usual podcast providers. If you would like to discuss any of the topics mentioned in the podcast then please contact us.

Business as usual: HMRC and Family Investment Companies

A family investment company (“FIC”) is a company established to help pass wealth to the next generation while enabling the founders to continue to exercise control over the assets. Business as usual In April 2019, HMRC established a dedicated team to review the use of FICs, to better understand the profile of those establishing them,…

Staleness argument loses its bite

“Staleness” is an argument used in recent years by taxpayers – with some degree of success – to persuade the Tribunal that assessments raised by HMRC are invalid.  The point of law concerns the discovery provisions within Section 29 Taxes Management Act. The legislation allows a Revenue Officer to make an assessment if broadly he…

HMRC win tribunal case on “Aikido”

HMRC were successful in a First Tier Tribunal case in January in a challenge to the “Aikido” tax planning strategy. Although the case was not a test case as such, if the taxpayers (Ms Clipperton and Mr Lloyd) have not appealed the decision within the time limit, it becomes a “final ruling” which allows HMRC…

Do you know your Bitcoin tax bill?

At the time of writing, Bitcoin is trading at $53,000 (over £37,000).

A few days ago, its value reached an all-time high of $58,000. Other cryptotokens have also soared in value.