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Aug 29, 2024 | 
taxjournal.com | David Whiscombe |Chris Etherington |Andrew Marr |Jack Prytherch
Member states of the United Nations have approved the final draft terms of reference for a framework convention on international tax cooperation. 110 member states voted in favour, eight voted against and 44 abstained. The General Assembly will vote on the terms in September 2024. If approved, an intergovernmental negotiating committee will develop the framework convention with the aim of finalising it and two key protocols by September 2027.
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Aug 28, 2024 | 
taxjournal.com | David Whiscombe |Chris Etherington |Andrew Marr |Jack Prytherch
Offshore employment: Bilfinger Salamis UK Ltd v HMRC [2024] UKFTT 736 (TC) (16 August) concerns the so-called host employer rules which apply where the ‘personal services’ of individuals employed by a foreign employer are ‘made available’ to a person having a place of business in the UK.
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Aug 28, 2024 | 
taxjournal.com | David Whiscombe |Chris Etherington |Andrew Marr |Jack Prytherch
Street cleaner Paul Spiers has become something of an internet celebrity by dint of the refusal of his employers Veolia to allow him to accept cash raised for him by the grateful ratepayers of Beckenham to send him off on a well-earned holiday to Portugal.
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Aug 28, 2024 | 
taxjournal.com | David Whiscombe |Chris Etherington |Andrew Marr |Jack Prytherch
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Aug 28, 2024 | 
taxjournal.com | Chris Etherington |David Whiscombe |Andrew Marr |Jack Prytherch
The clue is in the title for Business Asset Disposal Relief. When Entrepreneurs’ Relief was rebranded in legislation introduced in 2020 as BAD Relief, it was pretty clear what some in the Treasury thought of it. As we approach Rachel Reeves’ first Budget as chancellor, these may be the last days for business owners to benefit from what has previously been badged as the ‘UK’s worst tax break’. The history of BADR is a messy one and may partly explain the ill-feeling some have towards it.
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Aug 28, 2024 | 
taxjournal.com | David Whiscombe |Chris Etherington |Andrew Marr |Jack Prytherch
In Go City Ltd v HMRC [2024] UKFTT 745 (TC) (14 August) the FTT held that a business’s supply of passes which could be used to access a variety of attractions was outside the scope of VAT at the point the passes were sold. Protective assessments raised by HMRC were invalid and unused credits on expiry of the passes were not consideration for any VATable supply. Go City sold passes which allowed purchasers to enter attractions and use certain forms of transport without further payment.
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Aug 28, 2024 | 
taxjournal.com | David Whiscombe |Chris Etherington |Andrew Marr |Jack Prytherch
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Aug 27, 2024 | 
taxjournal.com | David Whiscombe |Chris Etherington |Andrew Marr |Jack Prytherch
Home >Articles > CJEU: transfer of jurisdictions for preliminary rulings
CJEU: transfer of jurisdictions for preliminary rulings
27 August 2024
The CJEU has announced that, with effect from 1 October 2024, part of the Court of Justice’s jurisdiction to give preliminary rulings will be transferred to the General Court.
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Aug 27, 2024 | 
taxjournal.com | David Whiscombe |Chris Etherington |Andrew Marr |Jack Prytherch
The CIOT has submitted a paper to HMRC outlining their concerns about HMRC’s February 2024 updated guidance on the salaried members rules, and urging HMRC to reconsider their position. HMRC’s revised guidance suggests that the targeted anti-avoidance rule (TAAR) will apply where a capital contribution is increased pursuant to an arrangement that allows members to alter their contributions to avoid meeting Condition C.
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Aug 27, 2024 | 
taxjournal.com | David Whiscombe |Chris Etherington |Andrew Marr |Jack Prytherch
HMRC’s Agent Update for August 2024 includes the following highlights:HMRC have recently released an updated version of its customer brief outlining the basis on which it is prepared to settle open Franked Investment Income Group Litigation Order (FII GLO) issues. HMRC say that the brief has already been shared with agents representing FII GLO claimants.
