Kaye Adams v HMRC: Tribunal defeat broadcasts HMRC’s problems with IR35 Introduction As has been previously noted on the pages of this ‘blog, the vocabulary employed by HMRC to describe its pursuit of those whom it regards as unfairly dodging their fair share in tax is somewhat muscular. For instance, 
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Corporation Tax, HMRC & Late Filling Penalties – Introduction Corporation tax is due on the profits arising to UK limited companies and foreign companies with UK branches or offices. It is also due on trading profit, investment income and gains arising to clubs, cooperatives and other unincorporated associations such as 
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HMRC & Offshore Tax Penalties – The Facts Introduction According to Government figures, HMRC have raised over 32.9 billion from tackling offshore tax evasion and avoidance since 2010. The Requirement to Correct and associated Worldwide Disclosure Facility encouraged over 18,000 individuals to come forward by the 30 September 2018 deadline 
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Brexit + EU VAT Claims… The Need for Speed Tax is, of course, one of those areas, for which Brexit (in whatever form it takes) could have a significant impact. Indeed, we have recently produced a Brexit and UK taxation white paper outlining our view on the future of tax 
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Tracks & Tax, How Bob Geldof’s Flop Album ‘How to Compose Popular Songs That Will Sell’ from 2011 might result in a hit… From HMRC. Over the course of more than four decades in showbusiness, Bob Geldof has generated his share of controversy. In fact, whether it’s writing about a 
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When it comes to R&D Tax Relief, software development is one area which has historically been challenging for both companies and advisers. Identifying whether a project qualified for relief could be difficult. Whilst it is easy sometimes to overlook “the other side of the fence”, these types of claims also 
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‘taxing statutes draw their life-blood from real world transactions with real world economic effects’ In 1936, Lord Tomlin made the (now) infamous statement which gave tax payers a decisive advantage over HMRC. In effect, this was an approval for tax professionals to exercise their ingenuity in the pursuance of a 
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Social Investment Tax Relief: doing well and doing good Recognising the growing importance of “impact investment”, with investors seeking investments with social and environmental benefits as well as financial returns, Social Investment Tax Relief (SITR) offers valuable tax reliefs to investors to social enterprises. Social enterprises include charities, community interest 
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Negligible Value Claims 2019 – The Facts The sale of company shares and other assets for more than their purchase price will generally give rise to a charge to capital gains tax. Conversely, the disposal of shares for less than their purchase price will result in a capital loss. Such 
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The Chancellor announced important changes to Entrepreneurs’ Relief in his 29 October 2018 Budget Statement. As discussed in a previous post, the changes as drafted had wide-ranging, and it is assumed untended, consequences. In particular, the new legislation as drafted could have denied Entrepreneurs’ Relief to any shares in companies 
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