Tax weekly highlights—25 April 2019

Table of contents

• Taxes management and litigation
• Stale discovery (J Hargreaves v HMRC)
• HMRC publishes review of direct debt recovery powers
• HMRC trials research and development expenditure credit service
• Capital and intangible assets
• Entrepreneur’s relief: personal company (P Hunt v HMRC)
• Updates to Capital Gains manual
• VAT
• Sale and leaseback (Mydibel SA v Etat Belge)
• Companies and corporation tax

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Article summary

This week’s edition of Tax highlights includes: (1) the FTT’s decision in Hargreaves that a discovery had become stale by the time the assessment was issued, (2) the FTT’s decision in Hunt that when deciding whether a company is a personal company for entrepreneur’s relief purposes, the nominal value of the issued shares needs to be considered, and (3) the Court of Justice’s decision in Mydibel SA v Etat Belge that a sale and leaseback was a single transaction which therefore did not require an adjustment of input tax deducted on construction work.