HM Revenue & Customs – Current Awareness

Understanding Customs Duty and VAT Compliance Through Tribunal Cases – 33 Bedford Row

Posted December 10th, 2024 in chambers articles, customs and excise, HM Revenue & Customs, news, taxation, VAT by tracey

‘The three cases below provide valuable insights into the complexities of customs regulations and the importance of meticulous compliance. They underscore the need for businesses to adopt robust compliance mechanisms to prevent errors and fraud, while also highlighting the importance of a balanced approach in customs enforcement to ensure that penalties are commensurate with the nature and impact of non-compliance.’

33 Bedford Row, 4th December 2024

Source: www.33bedfordrow.co.uk

Rupert Grint asked to pay more than £1.8m after losing tax battle – The Independent

Posted December 2nd, 2024 in appeals, capital gains tax, HM Revenue & Customs, income tax, news, taxation by tracey

‘Former Harry Potter actor Rupert Grint must pay more than £1.8m in tax after losing a legal battle with HM Revenue and Customs. Grint, who played Ron Weasley in the franchise, was ordered to pay the sum in 2019 after HMRC launched an investigation into his tax return from the 2011-12 tax year.’

The Independent, 30th November 2024

Source: www.independent.co.uk

Balancing Open Justice and Privacy: A Case Study on Taxpayer Anonymity in the Upper Tribunal – 33 Bedford Row

Posted November 26th, 2024 in anonymity, appeals, chambers articles, HM Revenue & Customs, media, news, privacy, public interest, taxation, tribunals by tracey

‘HMRC v The Taxpayer (Appellant) and Times Media Limtied and News Group Newspapers Limited and PA Media Tax Policy Associates Limited (Third Parties) [2024] UKUT 00364 (TCC). This case concerns an application for taxpayer anonymity in the Upper Tribunal (Tax and Chancery Chamber). The taxpayer, who had initially appealed against HMRC’s denial of certain tax deductions, sought to keep their identity confidential during the proceedings and in the final decision. This request was opposed by HMRC and several media organizations, including Times Media Limited and News Group Newspapers Limited.’

33 Bedford Row, 22nd November 2024

Source: www.33bedfordrow.co.uk

Wise CEO fined £350,000 by FCA over tax payments – The Guardian

Posted October 28th, 2024 in financial services ombudsman, fines, HM Revenue & Customs, news, shareholders, taxation by tracey

‘The founder of the money transfer service Wise has been fined £350,000 for failing to inform the City regulator that he had failed to pay his taxes.’

The Guardian, 28th October 2024

Source: www.theguardian.com

Landfill tax row will cost council £16m to settle – BBC News

Posted September 23rd, 2024 in HM Revenue & Customs, local government, news, taxation, Wales, waste by tracey

‘Wales’ biggest council has agreed to pay £16m to settle a bill over landfill tax dating back 10 years.’

BBC News, 21st September 2024

Source: www.bbc.co.uk

IR35: taxation of off-payroll workers explained – OUT-LAW.com

Posted September 16th, 2024 in corporation tax, employment, HM Revenue & Customs, news, remuneration, taxation by tracey

‘The off-payroll working rules, known as IR35, apply where a business engages an individual to provide services off-payroll and through an intermediary – commonly a company referred to as a ‘personal services company’ (PSC). IR35 targets the use of PSCs to avoid employment taxes.’

OUT-LAW.com, 13th September 2024

Source: www.pinsentmasons.com

UK ruling clarifies ‘fixed establishment’ in VAT group cases – OUT-LAW.com

Posted September 9th, 2024 in banking, company law, foreign companies, HM Revenue & Customs, news, taxation, VAT by tracey

‘Foreign companies need to have a substantial presence in the UK, including adequate human and technical resources, for their branch to qualify as a “fixed establishment”, a necessary condition for being treated as a member of a value added tax (VAT) group in the UK, a recent ruling has confirmed.’

OUT-LAW.com, 6th September 2024

Source: www.pinsentmasons.com

Upper Tribunal provides clarity on interpretation of double tax treaty provisions – OUT-LAW.com

Posted June 21st, 2024 in HM Revenue & Customs, interpretation, news, tax avoidance, taxation, tribunals by michael

‘A recent UK Upper Tribunal decision reaffirms the principles governing the application of double tax conventions and provides clarity on the interpretation of treaty provisions aimed at preventing tax avoidance, an expert has said.’

OUT-LAW.com, 19th June 2024

Source: www.pinsentmasons.com

Ferguson-Davie & Edwards v HMRC: The proper construction of the carried interest provisions – Devereux Chambers

Posted June 12th, 2024 in chambers articles, HM Revenue & Customs, interest, news, taxation by sally

‘The FTT has now handed down its first decision regarding the proper construction of the carried interest provisions at Part III, Ch 5 of the Taxation of Chargeable Gains Act 1992 (TCGA 1992) and the transitional/grandfathering provision at s. 43 (2) Finance (No.2) Act 2015.’

Devereux Chambers, 13th May 2024

Source: www.devereuxchambers.co.uk

Upper Tribunal rules on taxpayer liability for fixed penalty – OUT-LAW.com

Posted June 12th, 2024 in HM Revenue & Customs, news, notification, penalties, taxation, tribunals by sally

‘A recent UK Upper Tribunal decision highlights that as soon as there has been a failure to comply with an information notice, a taxpayer is automatically liable for a fixed penalty, even if the failure is short-lived, and HMRC can move straight to applying for a tax-related penalty, an expert has said.’

OUT-LAW.com, 11th June 2024

Source: www.pinsentmasons.com

Angela Rayner cleared of criminal wrongdoing over sale of home – The Guardian

Posted May 29th, 2024 in capital gains tax, HM Revenue & Customs, housing, news, political parties, tax avoidance, taxation by tracey

‘Angela Rayner has been cleared of criminal wrongdoing over claims she avoided tax on the sale of a home, with the Labour deputy leader criticising what she called the “desperate tactics” of Conservative MPs who urged police to investigate.’

The Guardian, 28th May 2024

Source: www.theguardian.com

Judges reject HMRC appeal and rule firm’s marshmallows are not sweets – The Guardian

Posted April 24th, 2024 in appeals, food, HM Revenue & Customs, news, taxation, VAT by tracey

‘A food company has won a sweet-tasting victory against the UK tax authorities after a court decided that it did not have to pay VAT on its marshmallows because they were not confectionery.’

The Guardian, 23rd April 2024

Source: www.theguardian.com

NHS parking charges should be free of VAT, Court of Appeal rules – OUT-Law.com

Posted March 27th, 2024 in appeals, HM Revenue & Customs, hospitals, news, parking, taxation, VAT by sally

‘A new ruling by the Court of Appeal could help NHS trusts across England recover VAT paid on parking charges imposed at their hospital sites, though there is the prospect of an appeal, tax experts have said.’

OUT-LAW.com, 26th March 2024

Source: www.pinsentmasons.com

Claimant “does not know” identity of funder backing her case – Legal Futures

Posted March 11th, 2024 in abuse of process, banking, data protection, disclosure, HM Revenue & Customs, news, taxation, treaties by tracey

‘The High Court has rejected an attempt to progress a challenge to a major international tax transparency measure where the claimant has refused to identify their litigation funder.’

Legal Futures, 11th March 2024

Source: www.legalfutures.co.uk

VAT: burial, cremation and commemoration of the dead – Law & Religion UK

Posted March 6th, 2024 in burials and cremation, HM Revenue & Customs, news, taxation, VAT by sally

‘HMRC has updated Burial, cremation and commemoration of the dead (VAT Notice 701/32). It explains the VAT liability of funeral services, burials and cremations, goods and services connected with the commemoration of dead people, other goods and services connected with organising funerals, and other activities relating to the disposal of the remains of the dead, including transport of the deceased.’

Law & Religion UK, 5th March 2024

Source: lawandreligionuk.com

Inheritance tax and the acceptance in lieu scheme – Mills & Reeve

Posted January 24th, 2024 in chambers articles, HM Revenue & Customs, inheritance tax, news, taxation by sally

‘A 500-year-old miniature Italian Renaissance bronze was recently donated to the Fitzwilliam Museum in Cambridge under the acceptance in lieu scheme – saving the family £10.5 million in inheritance tax. This unique donation is an excellent reminder of HMRC’s acceptance in lieu scheme and how beneficial it can be in inheritance tax mitigation.’

Mills & Reeve, 24th January 2024

Source: www.mills-reeve.com

HMRC has not charged a single company over tax evasion under landmark legislation – The Guardian

Posted January 22nd, 2024 in corporation tax, enforcement, HM Revenue & Customs, news, tax evasion, taxation by tracey

‘HMRC has not charged a single company under landmark legislation passed six years ago to crack down on corporate tax evasion.’

The Guardian, 20th January 2024

Source: www.theguardian.com

Woman who used nine ‘fabricated’ AI cases in court loses appeal – The Indepdendent

Posted December 15th, 2023 in appeals, artificial intelligence, capital gains tax, HM Revenue & Customs, news, taxation by tracey

‘A woman who used nine “fabricated” ChatGPT cases to appeal against a penalty for capital gains tax has had her case rejected by a court.’

The Independent, 14th December 2023

Source: www.independent.co.uk

Litigant unwittingly put fake cases generated by AI before tribunal – Legal Futures

Posted December 8th, 2023 in artificial intelligence, HM Revenue & Customs, litigants in person, news, precedent, taxation by michael

‘Nine authorities put before the First-tier Tribunal (FTT) by a litigant in person challenging a penalty from HM Revenue & Customs (HMRC) were fakes generated by an artificial intelligence (AI) system like ChatGPT, a judge has ruled.’

Legal Futures, 7th December 2023

Source: www.legalfutures.co.uk

Court of Appeal backs taxpayer in share exchange anti-avoidance case – OUT-LAW.com

Posted November 10th, 2023 in appeals, HM Revenue & Customs, news, tax avoidance, taxation by tracey

‘The Court of Appeal in England has backed a taxpayer over its restructuring of a corporate transaction to facilitate tax savings on a share exchange scheme, confirming the earlier decisions of the tax tribunals.’

OUT-LAW.com, 10th November 2023

Source: www.pinsentmasons.com

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