DV3 RS Ltd Partnership v Revenue and Customs Comrs – WLR Daily

Posted July 31st, 2013 in law reports, leases, partnerships, sale of land, stamp duty, tax avoidance by sally

DV3 RS Ltd Partnership v Revenue and Customs Comrs [2013] EWCA Civ 907; [2013] WLR (D) 311

“Where a vendor contracted to sell a chargeable interest to a company and the company made a sub-sale to a partnership (of which the company was a member), both contracts being completed at the same time with sequential transfers, the partnership, as taxpayer, acquired a chargeable interest liable to stamp duty land tax.”

WLR Daily, 25th July 2013

Source: www.iclr.co.uk

Court of Appeal overturns tax tribunals’ findings in favour of SDLT avoidance scheme – OUT-LAW.com

Posted July 31st, 2013 in appeals, leases, news, partnerships, sale of land, stamp duty, tax avoidance, tribunals by sally

“The Court of Appeal has ruled against a stamp duty land tax (SDLT) avoidance scheme involving the interaction of the sub-sale and partnership rules, overturning earlier decisions by the First Tier and Upper Tax Tribunals.”

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OUT-LAW.com, 30th July 2013

Source: www.out-law.com

Tax general anti-abuse rule now in force as Finance Act receives Royal Assent – OUT-LAW.com

Posted July 19th, 2013 in financial regulation, news, tax avoidance by sally

“The new general anti-abuse rule (GAAR) is now in force, preventing artificial and abusive tax avoidance schemes that fail to pass a ‘double reasonableness’ test.”

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OUT-LAW.com, 18th July 2013

Source: www.out-law.com

Tax tribunal ruling against SDLT avoidance scheme could ensure payment of £135m tax, says HMRC – OUT-LAW.com

Posted July 17th, 2013 in bills, HM Revenue & Customs, news, stamp duty, tax avoidance, tribunals by sally

“A tax tribunal has ruled against a stamp duty land tax (SDLT) avoidance scheme, under which a property developer used a sub-sale and alternative finance scheme to try to avoid paying the tax on the purchase of the Chelsea Barracks in London.”

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OUT-LAW.com, 16th July 2013

Source: www.out-law.com

‘Risk averse’ culture at Charity Commission – BBC News

Posted July 10th, 2013 in Charity Commission, news, tax avoidance, whistleblowers by sally

“The head of the Charity Commission has admitted it cannot fully police all 160,000 organisations on its register.”

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BBC News, 9th July 2013

Source: www.bbc.co.uk

Bid to avoid inheritance tax ‘backfired’ creating family rift – Daily Telegraph

Posted June 11th, 2013 in costs, inheritance tax, news, tax avoidance, trusts, wills by tracey

“A bid by a multi-millionaire businessman to avoid inheritance tax after his death has ‘backfired’ and torn his family apart, a court has heard.”

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Daily Telegraph, 10th June 2013

Source: www.telegraph.co.uk

Government consults on new tax rules for UK workers employed through offshore intermediaries – OUT-LAW.com

“New rules aimed at ensuring that businesses which employ UK-based workers through offshore structures pay the correct employment taxes have been published for consultation by the Government.”

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OUT-LAW.com, 31st May 2013

Source: www.out-law.com

UK Uncut loses: Taxman’s Goldman Sachs deal “not a glorious episode”, but lawful – UK Human Rights Blog

“Tax avoidance has hit the news again, with Apple currently facing questions from the US Senate about its exploitation of Irish company law loopholes and David Cameron writing to offshore tax havens to push for more transparency over tax rules. As it happens, the High Court has just handed down a ruling in a case which raises many of the same issues.”

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UK Human Rights Blog, 22nd May 2013

Source: www.ukhumanrightsblog.com

Stamp duty land tax sub-sale relief scheme failed because a novation was not a transfer of rights, according to Tribunal – OUT-LAW.com

Posted April 10th, 2013 in contracts, news, stamp duty, tax avoidance, tribunals by sally

A scheme to avoid stamp duty land tax (SDLT) on the purchase of a London house, involving a novation of a contract, failed because SDLT sub-sale relief was only available where there was a transfer of rights and a novation was not a transfer of rights, according to a decision of the First Tier Tax Tribunal.

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OUT-LAW.com, 10th April 2013

Source: www.out-law.com

New rules use government buying power against tax avoidance – HM Treasury

Posted February 14th, 2013 in consultations, news, public procurement, regulations, tax avoidance by sally

“New rules that will allow government departments to ban companies and individuals which take part in failed tax avoidance schemes from being awarded Government contracts have been unveiled by Chief Secretary to the Treasury, Danny Alexander and Minister for the Cabinet Office, Francis Maude today.”

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HM Treasury, 14th February 2013

Source: www.hm-treasury.gov.uk

Changes to stamp duty land tax sub-sale rules will affect commercial transactions, said expert – OUT-LAW.com

Posted December 12th, 2012 in bills, conveyancing, news, rent, stamp duty, tax avoidance by sally

“Changes to the stamp duty land tax (SDLT) sub-sale rules announced as part of the draft Finance Bill ‘will introduce complexity and uncertainty into commercial transactions’ said John Christian, a property tax expert at Pinsent Masons, the law firm behind Out-law.com.”

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OUT-LAW.com, 11th December 2012

Source: www.out-law.com

Employee benefit trust payments to Rangers staff and players were not illegal, says tribunal – OUT-LAW.com

Posted November 22nd, 2012 in benefits, employment, news, sport, tax avoidance, tribunals, trusts by tracey

“The former Rangers Football Club did not act illegally when it used employee benefit trusts (EBTs) to distribute money to players and staff, a tribunal has ruled.”

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OUT-LAW.com, 22nd November 2012

Source: www.out-law.com

Stamp duty land tax avoidance scheme was effective says the Upper Tribunal – OUT-LAW.com

Posted November 9th, 2012 in leases, news, partnerships, stamp duty, tax avoidance by tracey

“A stamp duty land tax (SDLT) avoidance scheme which involved the interaction of the sub-sale and the partnership rules was effective, according to the Upper Tribunal.”

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OUT-LAW.com, 8th November 2012

Source: www.out-law.com

New rules require the disclosure of stamp duty land tax schemes relating to properties of any value – OUT-LAW.com

Posted November 2nd, 2012 in disclosure, news, regulations, stamp duty, tax avoidance by sally

“Stamp duty land tax (SDLT) schemes relating to residential or non-residential property of any value must be disclosed to HM Revenue & Customs (HMRC) from 1 November under the Disclosure of Tax Avoidance Schemes (DOTAS) rules, as new regulations come into force.”

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OUT-LAW.com, 2nd November 2012

Source: www.out-law.com

Elton John ‘not libelled by Times tax avoidance article’ – The Guardian

Posted October 10th, 2012 in defamation, media, news, tax avoidance by sally

“The high court has ruled that Sir Elton John was not libelled by the Times in articles that he claimed falsely linked him to a controversial tax avoidance scheme.”

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The Guardian, 10th October 2012

Source: www.guardian.co.uk

Why us? HMRC unleashes crackdown on barrister tax avoidance – The Lawyer

Posted September 20th, 2012 in barristers, HM Revenue & Customs, news, tax avoidance by sally

“Could it be the proverbial ‘boy who cried wolf’ with the HMRC launching a task force to crackdown on tax-dodging London lawyers?”

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The Lawyer, 19th September 2012

Source: www.thelawyer.com

BBC’s chief finance officer sues the Daily Star – The Guardian

Posted September 5th, 2012 in corporation tax, defamation, injunctions, news, tax avoidance by sally

“The BBC’s chief finance officer, Zarin Patel, is suing the Daily Star for libel over two stories about the tax affairs of corporation staff.”

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The Guardian, 5th September 2012

Source: www.guardian.co.uk

Government to ‘name and shame’ wealthy tax avoiders – BBC News

Posted July 23rd, 2012 in disclosure, financial advice, fines, news, tax avoidance by tracey

“The government is promising to name and shame wealthy people who use ‘aggressive’ tax avoidance schemes.”

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BBC News, 23rd July 2012

Source: www.bbc.co.uk

Tax crackdowns threaten Channel Islands’ haven status – The Guardian

Posted June 27th, 2012 in banking, financial regulation, Guernsey, Jersey, news, tax avoidance by sally

“The Jimmy Carr tax avoidance case has thrown the spotlight on Jersey and Guernsey, where the days of aggressive tax loopholes may be numbered.”

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The Guardian, 26th June 2012

Source: www.guardian.co.uk

UK Uncut makes high court challenge to Goldman Sachs tax deal – The Guardian

Posted June 13th, 2012 in banking, interest, judicial review, national insurance, news, tax avoidance by sally

“A deal worth at least £10m between banking giant Goldman Sachs and the head of HM Revenue and Customs is set to be challenged in the high court on Wednesday by tax-avoidance campaign group, UK Uncut Legal Action.”

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The Guardian, 13th June 2012

Source: www.guardian.co.uk