Legal News

Tax weekly highlights—19 November 2020

Published on: 19 November 2020
Published by: LexisPSL
  • Tax weekly highlights—19 November 2020
  • In this issue:
  • Employment taxes
  • Settlement agreement payment for legal costs was employment income (Murphy v HMRC)
  • VAT
  • Abortive transactions and VAT: actual use takes precedence over initial intention (Sonaecom SGPS SA v Autoridade Tributária e Aduaneira)
  • Caravan disconnection fees held to be exempt from VAT (Tallington Lakes Ltd v HMRC)
  • HMRC publishes guidance on the VAT treatment of school holiday clubs
  • Taxes management and litigation
  • Was an inaccurate return made carelessly or deliberately? (Dolan v HMRC)
  • More...

Article summary

This week’s edition of Tax highlights includes: (1) the FTT’s decision in Murphy that amounts paid by an employer under a settlement agreement, which related to legal expenses of the claimant employees, constituted employment income, (2) the Court of Justice’s decision in Sonaecom that VAT incurred by a holding company on market research services relating to an unfulfilled share purchase was recoverable but that VAT on investment banking fees for raising capital which ended up being loaned to a parent company was irrecoverable, and (3) the FTT’s decision in Dolan that an inaccuracy in a tax return was careless rather than deliberate. or take a trial to read the full analysis.

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