Tribunal case: Legal fees were capital not revenue
Thursday, July 29, 2010
A recent Tribunal case focused on the question as to whether legal fees were deductible by the taxpayer company.
In 1991 the company had been granted outline planning permission for an open-air market. A further planning application was approved...
Bribery Act 2010 to come into force in April 2011
Tuesday, July 27, 2010
The Bribery Act 2010, which will modernise and consolidate the law on bribery and corruption in the UK by creating two new offences of bribery (bribing someone or being bribed), creating a new distinct offence of bribery of a foreign public official,...
New HMRC and DWP payment initiative
Tuesday, July 27, 2010
HMRC together with the Department for Work and Pensions (DWP) have launched a new scheme on a trial basis which will allow individuals to make repayments due to HMRC by way of a reduction in their DWP benefits. The trial, participation in which...
Company residence – New draft guidance
Tuesday, July 27, 2010
HMRC have published new draft guidance on company residence. The guidance specifically concerns the circumstances in which HMRC will not normally review a company's residence status.
The guidance includes 8 short examples of scenarios where HMR...
Online filing of trust and estate returns
Tuesday, July 27, 2010
A new online filing system for trust and estate tax returns took effect from 1 July 2010.
The new system is expected to reduce the amount of time it takes for HMRC to process any tax repayments as well as shortening the time taken to deal with...
July 27, 2010
♦ Claiming tax credits
♦ New anti money laundering guidance
♦ Pool betting duty
♦ Double taxation relief – new statutory instruments
♦ Interest rates – new statutory instruments
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