Lee M. Ellis

Jul 3, 2024 | kpmg.com | Lee M. Ellis |KPMG Law |YouTube. Opens

Though only one facet of tax disputes, late payment interest is often overlooked. But the increasing length of HMRC enquiries and tax appeals and the return to pre-global financial crisis interest rates have brought late payment interest into sharper focus. When should you think about it? What should you do about it? In most cases, late payment interest is automatically charged at the Bank of England base rate plus 2.5 percent.

Jul 3, 2024 | kpmg.com | Lee M. Ellis |KPMG Law

In two recent decisions, the FTT has given guidance on how it will approach its public law and equitable jurisdictions in unfair cases In two recent decisions, the FTT has given guidance on how it will approach its public law KPMG in the UK › Insights › Erase and Rewind: developments on estoppel and public law in the FTT In two recent appeals, taxpayers have run public law and estoppel arguments to challenge HMRC’s decision to assess the taxpayer despite – and in the face of – a previously...