Family Law Week’s Budget Briefing. March 2016 – Family Law Week

Posted March 17th, 2016 in budgets, families, news, taxation by tracey

‘Matt Boggis of Creaseys Chartered Accountants and tax advisers explains the Budget changes of most relevance to family lawyers.’

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Family Law Week, 16th March 2016

Source: www.familylawweek.co.uk

High Court dismisses judicial review challenge to HMRC’s decision to restrict the availability of the Liechtenstein disclosure facility – RPC Tax Take

Posted February 22nd, 2016 in disclosure, HM Revenue & Customs, judicial review, news, taxation by sally

‘In R (on the application of City Shoes Wholesale Ltd) v Revenue & Customs Commissioners [2016] EWHC 107 (Admin), the High Court rejected an application for judicial review of HMRC’s refusal to grant the nine claimants, all of whom had operated employee benefit trusts (EBTs), the full benefits of the Liechtenstein disclosure facility (LDF). The court dismissed the claimants’ application for judicial review on the basis that their applications were never registered and therefore they had no legitimate expectation to receive full benefit of the LDF, and there had been no abuse of power or error of law by HMRC.’

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RPC Tax Take, 18th February 2016

Source: www.rpc.co.uk

Tribunal dismisses challenge to tax charge resulting from use of ‘pension liberation’ scheme – OUT-LAW.com

Posted January 14th, 2016 in income tax, news, pensions, taxation, tribunals by sally

‘Money advanced in the form of a “loan” to the member of a so-called ‘pension liberation’ scheme was a “payment” for the purposes of the tax rules, and therefore subject to a 40% income tax charge and additional surcharge, a tax tribunal has ruled.’

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OUT-LAW.com, 13th January 2016

Source: www.out-law.com

When is property added to a settlement “excluded property”? – New Square Chambers

Posted December 9th, 2015 in HM Revenue & Customs, inheritance tax, news, taxation by sally

‘The decision of Mann J. in Barclays Wealth Trustees (Jersey) Ltd and Michael Dreelan v HMRC [2015]EWHC 2878 (Ch) answers an important question regarding what is excluded property for purposes of the Inheritance Tax Act 1984 s.48(3). This provides that foreign situs property which is settled property is excluded property for IHT purposes unless the settlor was domiciled in the U.K. at the time the settlement was made. Suppose a settlement was made when the settlor was domiciled outside the U.K, he subsequently becomes domiciled in the U.K and then adds foreign property to the settlement. Is the added property excluded property? HMRC have always contended that it is not. It has been argued in leading textbooks that it is. Mann J. has decided that HMRC are right.’

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New Square Chambers, 1st December 2015

Source: www.newsquarechambers.co.uk

Court of Appeal highlights ‘real prospect of success’ of accelerated payment notice judicial review – OUT-LAW.com

‘Investors in the Ingenious Media film partnership schemes have been granted the right to appeal the High Court’s dismissal of their challenge to HM Revenue and Customs (HMRC), which had required up-front payment of disputed tax.’

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OUT-LAW.com, 3rd December 2015

Source: www.out-law.com

Legalising cannabis in the UK ‘would raise hundreds of millions’ – The Independent

Posted October 13th, 2015 in crime, criminal justice, drug offences, news, reports, taxation by tracey

‘Legalising cannabis would raise taxes worth hundreds of millions of pounds and produce large savings for the criminal justice system, a private analysis for the Treasury has concluded.’

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The Independent, 13th October 2015

Source: www.independent.co.uk

Pensions reform 2015: it’s not just about retirement saving – OUT-LAW.com

Posted September 23rd, 2015 in news, pensions, retirement, taxation by sally

‘FOCUS: Very few of us are ever going to have enough money in retirement to do everything we might want to do, so we need to think outside the current pensions ‘box’ if we are going to have anywhere near enough.’
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OUT-LAW.com, 22nd September 2015

Source: www.out-law.com

Tax tribunal charges would deter the poorest from getting justice, lawyers warn – The Independent

Posted September 18th, 2015 in appeals, fees, news, taxation, tribunals by tracey

‘Plans to impose court fees on anyone opposing the tax office at tribunal would deter the poorest from getting justice, leading lawyers say – amid a growing outcry against an array of Government-imposed court charges.’

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The Independent, 17th September 2015

Source: www.independent.co.uk

R (Derry) v Revenue and Customs Comrs – WLR Daily

Posted September 16th, 2015 in HM Revenue & Customs, income tax, judicial review, law reports, taxation, tribunals by tracey

R (Derry) v Revenue and Customs Comrs: [2015] UKUT 0416 (TCC); [2015] WLR (D) 379

‘Sections 132 and 133 of the Income Tax Act 2007 were consistent with paragraph 2 of Schedule 1B to the Taxes Management Act 1970 and the two sets of provisions could operate in conjunction.’

WLR Daily, 28th July 2015

Source: www.iclr.co.uk

John Mander Pension Scheme Trustees Ltd v Commissioners for Her Majesty’s Revenue and Customs – Supreme Court

John Mander Pension Scheme Trustees Ltd v Commissioners for Her Majesty’s Revenue and Customs [2015] UKSC 56

Supreme Court, 29th July 2015

Source: www.youtube.com/user/UKSupremeCourt

Outstanding UK tax tribunal cases reach record levels – OUT-LAW.com

Posted August 20th, 2015 in appeals, news, statistics, taxation, tribunals by sally

‘The queue of tax disputes awaiting litigation through the UK’s tax tribunals set a new record last year, with almost 30,000 cases waiting to be heard at the end of last year, according to official figures.’

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OUT-LAW.com, 19th August 2015

Source: www.out-law.com

Ingenious film investors lose human rights challenge over upfront tax – The Guardian

‘More than 150 wealthy investors in controversial film investment schemes, which HMRC says amount to tax avoidance, have lost a human rights challenge to new powers tax inspectors have been deploying to demand upfront payments.’

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The Guardian, 31st July 2015

Source: www.guardian.co.uk

Inheritance tax: How the UK compares to other countries – Daily Telegraph

Posted July 20th, 2015 in budgets, inheritance tax, news, statistics, taxation, wills by tracey

‘Recent changes to the way we are taxed on death has caused a stir in Britain. But how does our regime compare to other countries?.’

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Daily Telegraph, 18th July 2015

Source: www.telegraph.co.uk

Family Law Week’s Budget Briefing, July 2015 – Family Law Week

‘Richard Holme, Chartered Accountant of Creaseys, a firm which specialises in advising family lawyers on tax related family law issues, explains the Budget changes of most relevance to family lawyers.’

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Family Law Week, 8th July 2015

Source: www.familylawweek.co.uk

Queen’s Speech 2015: Scrapping the human rights act, right to buy, and an EU referendum – what you can expect – The Independent

‘The Queen’s Speech marks the start of this session of parliament. The address, written by government ministers, is delivered by the Queen and lays out the Government’s agenda for the next year.’

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The Independent, 26th May 2015

Source: www.independent.co.uk

Retired vicar who refused to pay council tax as matter of principle wins High Court victory over excessive costs – The Independent

Posted May 7th, 2015 in clergy, costs, council tax, news, poverty, taxation by sally

‘A retired vicar who refused to pay council tax on a matter of principle has won a High Court victory over excessive costs.’

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The Independent, 7th May 2015

Source: www.independent.co.uk

High court ruling paves way for courts to decide whether bridge is a sport – The Guardian

Posted April 28th, 2015 in gambling, news, sport, taxation by sally

‘Bridge, the genteel and physically unchallenging card game played by millions, may exercise the brain muscle, but is it a sport?’

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The Guardian, 27th April 2015

Source: www.guardian.co.uk

Supreme Court seeks review of ‘illegality defence’ – OUT-LAW.com

Posted April 24th, 2015 in agency, fraud, illegality, news, Supreme Court, taxation by sally

‘Some of the UK’s most senior judges have said it is necessary to review how the so-called ‘illegality defence’ should be applied.’

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OUT-LAW.com, 24th April 2015

Source: www.out-law.com

Supreme Court: the common law working out illegality defence – UK Human Rights Blog

Posted April 24th, 2015 in agency, fraud, illegality, news, Supreme Court, taxation by sally

‘Nigel Farage is quoted yesterday as preferring immigrants to be Australians and Indians rather than EU citizens, because they probably speak English and “understand common law.”’

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UK Human Rights Blog, 23rd April 2015

Source: www.ukhumanrightsblog.com

Tax disc changes: Expert calls on Government to help drivers avoid being caught out by new car sale rules – The Independent

Posted April 15th, 2015 in Driver & Vehicle Licensing Agency, fines, news, taxation by sally

‘A car expert has urged the Government to do more to raise awareness of new car tax disc rules, as thousands of drivers have been fined or had their cars towed for buying uninsured vehicles.’

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The Independent, 14th April 2015

Source: www.independent.co.uk