Legal News

Tax weekly highlights—14 February 2019

Published on: 14 February 2019
Published by: LexisPSL
  • Tax weekly highlights—14 February 2019
  • In this issue:
  • Companies and corporation tax
  • Court of Appeal confirms appointment of receivers prevented group relief (Farnborough v HMRC)
  • HMRC updates guidance on R&D relief for SMEs
  • HMRC updates Venture Capital Schemes Manual
  • CIOT publishes comments on corporate capital loss restriction consultation
  • Taxes management and litigation
  • Information notices and territoriality (Jimenez v HMRC )
  • VAT
  • More...

Article summary

This week’s edition of Tax highlights includes: (1) the Court of Appeal’s decision in Farnborough that the company in receivership was unable to surrender losses to the appellant taxpayers by way of group relief because the receivers’ appointment severed the company in receivership from the loss relief group, (2) the Court of Appeal’s decision in Jimenez that HMRC has the power to issue an information notice (FA 2008, Sch 36) to a taxpayer resident abroad, (3) the Court of Session’s decision in Balhousie Holdings that a sale, which was followed by a leaseback, was a disposal of an ‘entire interest’, so that it was a deemed a standard rated supply, (4) HMRC’s consultation on the new SDLT surcharge for non-UK resident buyers, and (5) the Finance Bill 2019 receiving Royal Assent. or take a trial to read the full analysis.

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