Understand the complex landscape of indirect taxes on gambling, where grasping the intricacies of wagering, gaming duties, and compliance is crucial for legal practitioners. Our practical guidance provides detailed insights and effective strategies to help you expertly advise clients in this highly regulated sector. Gain clarity on calculating IPT, exemptions, and compliance requirements to confidently steer your clients through the challenges and opportunities in this specialised field.
Pensions analysis: In Reed v Revenue and Customs Commissioners, the First-tier Tribunal upheld an unauthorised payments charge arising from a pension...
This week's edition of Tax weekly highlights includes: (1) News Analysis on FTT’s decision in Property 118, (2) News Analysis on UT’s decision in Gary...
Tax analysis: In Property 118 Ltd and Anor v HMRC, the First-tier Tax Tribunal (FTT) cancelled the DOTAS scheme reference numbers (SRNs) which HMRC...
Tax analysis: In HMRC v Gary Quillan, the Upper Tribunal (UT) held that an outstanding balance on a director’s loan account was ‘written off’ in the...
VAT treatment of damages and compensation paymentsA damages or compensation payment may attract VAT. This depends on exactly what the payment is for....
The double taxation treaty passport scheme (DTTP scheme)The double taxation treaty passport scheme (DTTP scheme) enables a borrower to apply for and...
What are capital allowances and capital expenditure?What are capital allowances?Capital allowances are the means by which tax relief is given for some...
If the words ‘exclusive of VAT’ are omitted from the definition of annual rent, but there is a VAT clause stating: ‘Where this lease requires the...
Priority between loss reliefs in loss making companiesWhy does it matter?A company that is a member of a group and has incurred any of the types of losses available for surrender by way of group relief may, without any further rules, have more than one way in which to use the loss. There are a
Contributory negligence in personal injury claimsContributory negligence is a partial defence which can lead to a discount in damages.Other defences may also be relevant. See Practice Notes: Did the claimant consent to the risk of injury? and Was the claimant involved in an illegal activity?If a
Can shares in a limited company that have not been paid-up at all be cancelled?A limited company having a share capital may not alter that share capital, except in the ways listed in section 617 of the Companies Act 2006 (CA 2006). Shares in a company cannot simply be cancelled without following an
Glossary—Latin legal termsDespite attempts in recent years to simplify the language used in legal cases, there are still a number of Latin phrases commonly used in personal injury claims. The following Latin phrases are listed in alphabetical order:Latin termDefinitionMeaningActa iure imperiiLegal
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