Legal News

Tax weekly highlights—16 May 2019

Published on: 16 May 2019
Published by: LexisPSL
  • Tax weekly highlights—16 May 2019
  • In this issue:
  • Anti-avoidance
  • Court of Appeal rules against HMRC on discovery assessments (HMRC v Tooth)
  • HMRC publishes spotlight 52 on Hyrax Resourcing Limited and Curzon Capital Limited
  • HMRC publishes spotlight 51 on remuneration trusts
  • Late payment and repayment interest provisions come into effect for DOTAS on 1 June 2019
  • CIOT and ICAEW meet with HMRC to discuss spotlight 47 on phoenixism TAAR
  • Taxes management and litigation
  • Failed attempt to resurrect a claim (Buckingham Bingo v HMRC)
  • More...

Article summary

This week’s edition of Tax highlights includes: (1) the Court of Appeal’s decision in Tooth that HMRC was not entitled to issue a discovery assessment because it had not made a ‘discovery’ at the relevant time, (2) the UT’s decision in Buckingham Bingo that the taxpayer could not resurrect a 2012 claim, in order to avail itself of a favourable ruling by the FTT in a similar case, (3) the FTT’s decision in Hopscotch that a property first held as an investment, and then redeveloped and sold, did not qualify for relief from the ATED, (4) the FTT’s decision in Shanks that a carry-forward loss claim relating to losses made by a partnership failed, and (5) the Court of Justice’s decision in Staatssecretaris van Financiën v L W Geelen that entertainment services provided online, via webcams, took place where the provider carried on his business. or take a trial to read the full analysis.

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