-
1 week ago | 
taxjournal.com | Duncan Weldon |Andrew Marr |David Whiscombe |Peter Vaines
If you do not subscribe but are a registered user, please enter your details in the following boxes:
Username *
Password *
Once you have registered, you will receive an email directing you back to read this article in full.
-
1 week ago | 
taxjournal.com | Peter Vaines |Veronica McMahon |Andrew Marr
If you do not subscribe but are a registered user, please enter your details in the following boxes:
Username *
Password *
Once you have registered, you will receive an email directing you back to read this article in full.
-
1 week ago | 
taxjournal.com | Paul Shaw |Peter Vaines |Veronica McMahon |Andrew Marr
If you do not subscribe but are a registered user, please enter your details in the following boxes:
Username *
Password *
Once you have registered, you will receive an email directing you back to read this article in full.
-
1 week ago | 
taxjournal.com | Peter Vaines |Veronica McMahon |Andrew Marr
If you do not subscribe but are a registered user, please enter your details in the following boxes:
Username *
Password *
Once you have registered, you will receive an email directing you back to read this article in full.
-
1 week ago | 
taxjournal.com | Peter Vaines |Veronica McMahon |Andrew Marr
I find that HMRC have changed their views about the taxation of lump sums on divorce (see also ‘Private client review for April’, Tax Journal, 25 April 2025). It is well known that TCGA 1992 s 59 provides that transfers of assets between spouses take place at a value giving rise to no gain and no loss, and that this treatment continues to apply for three years after the tax year in which they cease to live together. After the end of that period, the normal CGT rules apply.
-
1 week ago | 
taxjournal.com | Veronica McMahon |Peter Vaines |Andrew Marr
As part of the Government’s Tax Update Spring 2025, HMRC have confirmed they will bring forward their proposals for reform broadly as outlined in their consultation, with some modifications:The purchaser will be liable for the tax but the online portal will allow agents to be the ‘accountable person’ for paying the tax.
-
Nov 27, 2024 | 
taxjournal.com | Victoria Braid |Heather Self |Andrew Park |Peter Vaines
If you do not subscribe but are a registered user, please enter your details in the following boxes:
Username *
Password *
Once you have registered, you will receive an email directing you back to read this article in full.
-
Nov 20, 2024 | 
taxjournal.com | Andrew Park |Peter Vaines |Ray McCann |Andrew Marr
Home >Articles > Greater taxpayer success under internal HMRC reviews
Greater taxpayer success under internal HMRC reviews
20 November 2024
New data obtained by the Contentious Tax Group (CTG) shows the level of success taxpayers have had in the last four years in challenging HMRC decisions with HMRC’s own independent reviewer.
-
Nov 20, 2024 | 
taxjournal.com | Heather Self |Andrew Park |Peter Vaines |Andrew Marr
Two truths which are universally acknowledged are that if you introduce a tax exemption, people will use it; and if you abolish it, people will complain. The Budget changes to IHT on farms illustrate this very clearly. Prior to the Autumn Budget 2024, qualifying agricultural or business assets received 100% relief from IHT, without limitation.
-
Nov 20, 2024 | 
taxjournal.com | Andrew Park |Peter Vaines |Ray McCann |Andrew Marr
In Generator Power Ltd v HMRC [2024] UKFTT 1019 (TC) (8 November) the First-tier Tribunal (FTT) refused the taxpayer’s application for costs because it was not persuaded that HMRC had acted unreasonably by not withdrawing from the case earlier. Normally each party pays its own costs at the FTT. There are exceptions including cases where one party behaves ‘unreasonably in bringing defending or conducting proceedings’ (FTT Rules SI 2009/273 rule 10(1)(b)).
