Archives: Business Profits & Corporation Tax

May 2012

• Details of amendments to the Capital Allowances manual - (18/05/2012)
• HMRC proposes simpler income tax rules for business with turnover up to £150,000 - (18/05/2012)
• Indexation allowance for March 2012 published: RPI = 240.8 - (14/05/2012)
• Investment funds win case against discriminatory French withholding tax (PwC report) - (12/05/2012)
• Details of amendments to HMRC’s Debt Management and Banking Manual - (10/05/2012)
• Company Losses Toolkit updated by HMRC - (04/05/2012)
• Directors’ Loan Account Toolkit updated by HMRC - (04/05/2012)
• LLP: partnership carrying on a non-trade business (ITTOIA 2005, s. 609): appeal dismissed: Eclipse Film Partners No 35 LLP v HMRC [2012] UKFTT 270 (TC) - (01/05/2012)
• Senior Accounting Officer Guidance – new manual published by HMRC - (01/05/2012)
• Penalties: late CT returns: whether validly served: reasonable excuse: appeal allowed: Partito Media Services Ltd v HMRC [2012] UKFTT 256 (TC) - (01/05/2012)

April 2012

• Lloyds Manual updated re Class 4 NICs - (27/04/2012)
• Details of amendments to Senior Accounting Officer Guidance Manual - (26/04/2012)
• SMEs can apply online for HMRC Alternative Dispute Resolution - (24/04/2012)
• Eclipse 35 planning “vigorous” appeal after HMRC win major film investment case (Money Marketing report) - (24/04/2012)
• Details of amendments to the COTAX manual - (20/04/2012)
• Corporation tax: ICTA 1988 s. 419: managing director aware of fraud by company secretary: appeal dismissed: TSD Design Development Engineering Ltd v HMRCs [2012] UKFTT 247 (TC) - (20/04/2012)
• Penalty: late partnership return: whether PDF filed was part of electronic return: appeal allowed: Fitzpatrick & Co Solicitors v HMRC [2012] UKFTT 238 (TC) - (20/04/2012)
• Wholly and exclusively: accommodation, travel and subsistence: appeal allowed in part: Healy v HMRC [2012] UKFTT 246 (TC) - (20/04/2012)
• Indexation allowance for February 2012 published: 239.9 - (16/04/2012)
• Income tax: Post Office closure: payment re loss of office: concessionary tax treatment: appeal dismissed: Bimson v HMRC [2012] UKFTT 216 (TC) - (05/04/2012)
• HMRC introduce an “interactive self-employed ready reckoner” to help the newly self-employed budget for tax & NIC - (03/04/2012)

March 2012

• Loan relationships: technical note: deemed releases of connected company debt - (30/03/2012)
• Partnership return: late filing penalty: inability to purchase software: no reasonable excuse: Frosty Fingers v HMRC [2012] UKFTT 208 (TC) - (30/03/2012)
• Loan interest: associated company: material interest: appeal allowed: Nowosielski v HMRC [2012] UKFTT 212 (TC) - (30/03/2012)
• Finance Bill 2012 – Explanatory Notes - (29/03/2012)
• Finance Bill published (for FA 2012) (pdf version) - (29/03/2012)
• Finance Bill published (for FA 2012) (html version with hyperlinks) - (29/03/2012)
• CT: reallocation of payments: HMRC to stop issuing letters from today - (28/03/2012)
• HMRC consultation document: Simpler Income Tax for the Simplest Small Businesses - (28/03/2012)
• Income tax: enquiry: lack of evidence for expenditure: appeal dismissed: Verschueren v HMRC [2012] UKFTT 184 (TC) - (23/03/2012)
• Farm losses: succession to trade: sideways loss relief: no direction issued by HMRC under reg. 72 of PAYE regs: Howes v HMRC [2012] UKFTT 179 (TC) - (23/03/2012)
• CIOT press release: Will tax reliefs cap prevent self-employed offsetting losses? - (22/03/2012)
• SI 2012/868: The Business Premises Renovation Allowances (Amendment) Regulations 2012 - (22/03/2012)
• Capital allowances: summary of changes announced in Budget 2012 - (21/03/2012)
• New rules, new book: Capital Allowances for Fixtures £34.50 - (20/03/2012)
• HMRC publish draft guidance re investment trust companies - (20/03/2012)
• HMRC targeting online traders, with reduced penalties for disclosure by 14 June - (14/03/2012)
• Draft anti-avoidance legislation issued re property losses: Post-cessation trade or property relief: tax-generated payments or events - (13/03/2012)
• Details of amendments to Corporate Intangibles R&D Manual - (12/03/2012)
• Corporation tax: HMRC guidance re small profits relief “thoroughly overhauled and updated” - (07/03/2012)
• Penalty: late partnership return: confusion: appeal allowed: Stirling (t/a Back 2 Roots) v HMRC [2012] UKFTT 143 (TC) - (07/03/2012)
• Badges of Trade: HMRC acknowledge limitations (in context of buying and selling shares) - (07/03/2012)
• Annual investment allowances: transitional rules for April 2012: Ray Chidell explains - (07/03/2012)
• Details of amendments to HMRC’s COTAX manual (mostly internal HMRC admin) - (07/03/2012)
• Solicitors: bank interest received: updated HMRC guidance - (07/03/2012)
• Trade or investment: new HMRC guidance re financial instruments and shares - (07/03/2012)
• Employee benefit trusts: HMRC guidance re disguised remuneration - (07/03/2012)
• Employee benefit trusts: HMRC guidance post Dextra Accessories decision - (07/03/2012)
• Group service companies: deductions: intra-group services: HMRC flowchart - (07/03/2012)
• Ray Chidell blog to cover mostly employment taxes and capital allowances issues - (05/03/2012)
• Corporation tax: overpaid VAT and statutory interest: loan relationships: whether taxable: yes: Shop Direct Group & Ors v HMRC [2012] UKFTT 127 (TC) - (01/03/2012)
• Partnership return: penalty: no reasonable excuse: Lloyd & Ors (t/a Talbot Pharmacy) v HMRC [2012] UKFTT 120 (TC) - (01/03/2012)

February 2012

• CT paid by Britain’s largest companies up 60% in y/e March 2011, says PwC report - (28/02/2012)
• Wholly and exclusively: expenditure on premises, wardrobe costs and subsistence: appeal allowed in part: Stones v HMRC [2012] UKFTT 110 (TC) - (28/02/2012)
• Loan relationships: unallowable purpose: tax advantage: appeal dismissed: AH Field (Holdings) Ltd v HMRC [2012] UKFTT 104 (TC) - (28/02/2012)
• Tax avoidance: Corporate investors in Authorised Investment Funds: scheme closed - (27/02/2012)
• Tax avoidance: connected company debt: scheme closed - (27/02/2012)
• A-Z of Plant & Machinery: analyses of more than 200 items: £68.50 - (26/02/2012)
• Company tax returns: successive failures to file: shortage of funds: no reasonable excuse: Torbensrichard Ltd v HMRC [2012] UKFTT 99 (TC) - (15/02/2012)
• Self assessment: invoices from appellant’s company: GAAP: Craig v HMRC [2012] UKFTT 90 (TC) - (15/02/2012)
• Partnership return: inability to purchase software not a reasonable excuse: Colana Office Cleaning v HMRC [2012] UKFTT 88 (TC) - (15/02/2012)
• Updated HMRC guidance re approach to large businesses - (15/02/2012)
• HMRC extends Alternative Dispute Resolution (ADR) trial for SMEs - (14/02/2012)
• Details of amendments to the Venture Capital Schemes manual - (14/02/2012)
• Electricians’ Tax Safe Plan campaign: deadline of 15 May 2012 - (14/02/2012)
• CIOT comments on FB 2012 draft clauses - (13/02/2012)
• Specialist tax titles from Claritax Books (capital allowances, SDLT, Tax Chamber Hearings, FHLs, Company Cars, and more) - (10/02/2012)
• SI 2012/286: The Research and Development (Qualifying Bodies) (Tax) Order 2012 - (09/02/2012)
• Indexation allowance for December 2011 published: 239.4 - (09/02/2012)
• Expenses: wholly and exclusively: journalist and author writing about life on a boat in France: Huhtala v HMRC [2012] UKFTT 79 (TC) - (07/02/2012)
• Capital allowances appeal: Wetherspoon case: Upper Tribunal makes few changes: JD Wetherspoon v HMRC [2012] UKUT 42 (TCC) - (07/02/2012)
• Tax guide re Furnished Holiday Lettings, by John Endacott - (06/02/2012)
• New business records checks on hold until new tax year - (06/02/2012)
• Company tax returns: HMRC issue updated supplementary pages re disclosure of tax avoidance schemes - (03/02/2012)
• Company tax returns: HMRC issue updated CT600 guide - (03/02/2012)
• Draft legislation published re controlled foreign companies - (02/02/2012)
• LLP: fixed share equity partner: not an employee: Tiffin v Lester Aldridge LLP - (01/02/2012)

January 2012

• Corporation tax: loan relationships: profit accruing on loan notes: appeal dismissed: Vocalspruce Ltd v HMRC [2012] UKFTT 36 (TC) - (30/01/2012)
• Disclosure and discovery: negligence: appeal allowed: While v HMRC [2012] UKFTT 58 (TC) - (30/01/2012)
• Income tax: undisclosed offshore bank account: diverted profits: appeal dismissed: Shek v HMRC [2012] UKFTT 52 (TC) - (30/01/2012)
• Capital allowances: finance lease of ship: appeal allowed: Lloyds TSB Equipment Leasing (No 1) Ltd v HMRC [2012] UKFTT 47 (TC) - (26/01/2012)
• Corporation tax: wholly and exclusively: revenue or capital expenditure: appeal dismissed: Bluesparkle Ltd v HMRC [2012] UKFTT 45 (TC) - (26/01/2012)
• Partnership return: no paper return or UTR: appeal allowed: Norton (t/a Oracle Fieldwork) v HMRC [2012] UKFTT 9 (TC) - (20/01/2012)
• Partnership return: late filing: no reasonable excuse: Anne Braganza t/a The Queen Charlotte v HMRC [2012] UKFTT 5 (TC) - (20/01/2012)
• Partnership return: no online filing facility: appeal dismissed: Astrid Koyeni-Efreeitems (Partnership) v HMRC [2012] UKFTT 13 (TC) - (20/01/2012)
• Tax on banker bonuses cost Goldman Sachs $465m in 2010 (BBC report) - (18/01/2012)
• R&D relief in Northern Ireland: “Your research, Our support” - (16/01/2012)
• Details of amendments to Corporate Finance Manual - (16/01/2012)
• A-Z of Plant and Machinery now published by Claritax Books: detailed analyses of more than 200 items, showing when they qualify for capital allowances: legislation, case law, HMRC guidance, commentary - (16/01/2012)
• Late partnership return: online filing facility: no reasonable excuse: Peck & Anor (Partnership) v HMRC [2011] UKFTT 859 (TC) - (16/01/2012)
• Online filing: partnership return: failure by HMRC to provide comprehensive filing facility: appeal allowed: Mike’s News v HMRC [2011] UKFTT 849 (TC) - (16/01/2012)
• Partnership return: no reasonable excuse: Wilson (t/a Beauty Au -Soleil Partnership) v HMRC [2011] UKFTT 845 (TC) - (16/01/2012)
• Post-cessation trade relief: anti-avoidance rules from 12 January 2012 - (12/01/2012)
• Indexation allowance for November 2011 published: 238.5 - (11/01/2012)
• CT: small companies’ relief: associated companies: evidence: appeal allowed: Seascope Insurance Services Ltd v HMRC [2011] UKFTT 828 (TC) - (11/01/2012)
• Corporation tax: group relief: double tax: The Felixstowe Dock And Railway Company Ltd & Ors v HMRC [2011] UKFTT 838 (TC) - (11/01/2012)
• HMRC extending Alternative Dispute Resolution trial for SMEs - (09/01/2012)
• Partnership: whether one existed: clearly not, on the facts (but HMRC conduct reasonable): appeal allowed: Valantine v HMRC [2011] UKFTT 808 (TC) - (09/01/2012)
• Online filing: partnership return: discrimination meant there was a reasonable excuse: St Georges Bricklayers v HMRC [2011] UKFTT 800 (TC) - (09/01/2012)
• Business profits: takings understated: appeal allowed in part: The Red Star v HMRC [2011] UKFTT 812 (TC) - (09/01/2012)
• Wholly & exclusively: partnership legal costs: not deductible: Raynor v HMRC [2011] UKFTT 813 (TC) - (09/01/2012)
• “Utterly fictitious receipts of interest” in a Ponzi style transaction, were not relevant receipts of interest for tax purposes: Mazurkiewicz v HMRC [2011] UKFTT 807 (TC) - (09/01/2012)
• Partnership return: reasonable excuse: representative partner: appeal dismissed: Gorman v HMRC [2011] UKFTT 818 (TC) - (09/01/2012)
• Details of amendments (EC regulation references changed) to the SME Assurance Manual - (05/01/2012)

December 2011

• SI 2011/3015: The Finance Act 2011 (Bank Levy: Amendment of Netting Agreements Provisions) Order 2011 - (19/12/2011)
• SI 2011/2977: The Investment Trust (Approved Company) (Tax) Regulations 2011 - (19/12/2011)
• SI 2011/2977: The Finance Act 2011, Section 49(6) (Appointed Day) Order 2011: meaning of “investment trust” - (19/12/2011)
• Legislative changes to the tax rules for investment trusts: from 1 January 2012 - (19/12/2011)
• SI 2011/2935: The Hydrocarbon Oil and Biofuels (Road Fuel in Defined Areas) (Reliefs) Regulations 2011 - (16/12/2011)
• Statistics for Film Tax Relief - (15/12/2011)
• Income tax: under-declared profits: HMRC assessments stand: Budi v HMRC [2011] UKFTT 776 (TC) - (14/12/2011)
• SI 2011/2951: The Investment Trusts (Dividends) (Optional Treatment as Interest Distributions) (Amendment) Regulations 2011 - (13/12/2011)
• Category 1 crude oil values published (updated for November 2011) - (13/12/2011)
• R&D relief: state aid approval for increase to 200% for SMEs - (12/12/2011)
• Bank Levy: draft regulations - (12/12/2011)
• UK-Federal Republic of Germany Bank Levy Agreement - (09/12/2011)
• SI 2011/2912: The Loan Relationships and Derivative Contracts (Disregard and Bringing into Account of Profits and Losses) (Amendment No. 2) Regulations 2011 - (08/12/2011)
• Capital or income receipt: exclusivity arrangement: appeal dismissed: Countrywide Estate Agents FS Ltd v HMRC [2011]UKUT 470 (TCC) - (07/12/2011)
• R&D relief – voluntary advance assurance pilot - (07/12/2011)
• Discovery assessments: HMRC approach reasonable: appeal dismissed: Palmiero v HMRC [2011] UKFTT 755 (TC) - (07/12/2011)
• Income tax: closure notice: appeal allowed in principle: Chapman v HMRC [2011] UKFTT 756 (TC) - (07/12/2011)
• Penalty: late partnership return: no reasonable excuse: C & P Hinkley Partnership v HMRC [2011] UKFTT 751 (TC) - (07/12/2011)
• Enterprise Investment Scheme: updated guidance incorporating Budget 2011 changes - (07/12/2011)
• Details of amendments to the Film Production Company Manual - (07/12/2011)
• Details of amendments to the Corporate Intangibles Research and Development Manual - (07/12/2011)
• Enhanced R&D reliefs for companies from April 2012 - (06/12/2011)
• Business Premises Renovation Allowances extended to April 2017 - (06/12/2011)
• Capital allowances for sports ground safety measures to end in April 2013 - (06/12/2011)
• Flat conversion allowances to end in April 2013 - (06/12/2011)
• EIS and VCTs – details of proposed changes from April 2012 - (06/12/2011)
• New fixtures rules to apply from April 2012 – transitional rules until April 2014 - (06/12/2011)
• AIA cap confirmed at £25,000 from April 2012 - (06/12/2011)
• Oil and Gas Taxation: Ring Fence Expenditure Supplement - (05/12/2011)
• SI 2011/2885: The Corporation Tax (Variation of the Relevant Percentage) Order 2011 - (05/12/2011)
• Registered dealers in controlled oil: Notice 192: updated HMRC guidance - (02/12/2011)
• Partnership: late return: return form not received: reasonable excuse accepted: Candlestick Company v HMRC [2011] UKFTT 736 (TC) - (01/12/2011)
• Bank Levy – amendment of netting agreements - (01/12/2011)

November 2011

• 100% capital allowances for the Black Country, Humber, Liverpool, North Eastern, Sheffield and Tees Valley Enterprize Zones (see para. A109) - (29/11/2011)
• Bank Levy rate up to 0.088 per cent from 1 January 2012 (see para. 2.28) - (29/11/2011)
• 100% enhanced capital allowances for 6 enterprise zones (see para. 2.25) - (29/11/2011)
• Corporation tax: legal costs: whether “wholly and exclusively”: appeal allowed: Key IP Ltd v HMRC [2011] UKFTT 715 (TC) - (28/11/2011)
• Corporation Tax on chargeable gains – Indexation Allowance - (28/11/2011)
• Registering for Self Assessment: new forms for partnerships and partners - (28/11/2011)
• Partnership: accountant leaving: profit share or compensation: AB v HMRC [2011] UKFTT 685 (TC) - (23/11/2011)
• “Final version” of Bank Levy Manual published by HMRC - (18/11/2011)
• Details of amendments to Company Taxation manual - (18/11/2011)
• New book on tax rules for Furnished Holiday Lettings - (16/11/2011)
• Tax system allowing offshore companies to avoid tax is incompatible with internal market, says EU Court of Justice - (15/11/2011)
• HMRC publish minutes of Large Business Mid-Tier Agents Forum (October 2011) - (14/11/2011)
• HMRC publishes “final draft” legislation re investment trust companies - (11/11/2011)
• Legal costs: purpose and effect: not wholly and exclusively for purposes of trade: Duckmanton v HMRC [2011] UKFTT 664 (TC) - (10/11/2011)
• Penalty: late partnership return: appeal dismissed: Dodds v HMRC [2011] UKFTT 669 (TC) - (10/11/2011)
• HMRC tackling scrap metal dealers - (07/11/2011)
• Wholly and exclusively: UTT decision: appeal allowed and remitted to FTT: Huhtala v HMRC [2011] UKUT 419 (TCC) - (03/11/2011)
• Chancellor confirms ongoing discussions re different corporation tax rate for Northern Ireland - (02/11/2011)

October 2011

• R&D: “voluntary advance assurance”: HMRC offering extra help for small companies making their first R&D claim - (31/10/2011)
• Business expenses: HMRC enquiry: appeal allowed in part: G C Catana v HMRC [2011] UKFTT 640 (TC) - (31/10/2011)
• Films: partnerships: losses: Samarkand Film Partnership No.3 & Ors v HMRC [2011] UKFTT 610 (TC) - (25/10/2011)
• CIOT reports problems with HMRC’s online CT software - (24/10/2011)
• Details of amendments to Oil Taxation Manual - (21/10/2011)
• Details of amendments to COTAX manual - (19/10/2011)
• Details of amendments to the Corporate Intangibles Research & Development Manual - (18/10/2011)
• Corporation tax: late filing penalty: HMRC procedures: appeal allowed: Key Interiors Creative Associates Ltd v HMRC [2011] UKFTT 591 (TC) - (14/10/2011)
• Corporation tax: scheme to generate allowable capital loss: appeal dismissed: Land Securities Plc v HMRC [2011] UKFTT 599 (TC) - (14/10/2011)
• Corporation tax: inadequate records: appeal allowed in part: Powerlaunch Ltd v HMRC [2011] UKFTT 583 (TC) - (14/10/2011)
• Income tax: understated profits: capital gains: constructive trusts: Singh v HMRC [2011] UKFTT 584 (TC) - (14/10/2011)
• Partnership: penalty for late return: no reasonable excuse: Carnbrook Convenience v HMRC [2011] UKFTT 585 (TC) - (14/10/2011)
• Partnership: penalty for late return: no reasonable excuse: The Ascot Tavern v HMRC [2011] UKFTT 602 (TC) - (14/10/2011)
• Details of amendments to HMRC’s Tonnage Tax manual - (12/10/2011)
• New HMRC leaflet: Budgeting for your first self-employed tax bill - (12/10/2011)
• Bank Levy – list of foreign deposit protection schemes comparable to FSCS - (12/10/2011)
• Discovery assessments: evidence: figures confirmed but penalties reduced: Mysliwek v HMRC [2011] UKFTT 550 (TC) - (10/10/2011)
• Corporation tax: non-member state transferee: non EU national: 75% test not met: Mindpearl AG v HMRC [2011] UKFTT 555 (TC) - (10/10/2011)
• HMRC launch of Tax Catch Up Plan for private tutors and coaches - (10/10/2011)
• Details of changes to HMRC’s Corporate Finance Manual - (06/10/2011)
• Details of amendments to HMRC’s COTAX manual - (05/10/2011)
• CIOT press release: response to HMRC consultation re income tax loss relief - (03/10/2011)

September 2011

• HMRC draft guidance on meaning of “production” for R&D purposes - (29/09/2011)
• EC proposals for Financial Transaction tax - (28/09/2011)
• Income tax: whether trading: loss relief: Admirals Locums & Anor v HMRC [2011] UKFTT 573 (TC) - (27/09/2011)
• CFC reform: CIOT comments - (24/09/2011)
• Tonnage tax: appeal expenses: application for HMRC to meet costs: refused: Western Ferries (Clyde) Ltd v HMRC [2011] UKFTT 541 (TC) - (23/09/2011)
• Corporation tax: penalty for late submission of return: no reasonable excuse: GR8Green Ltd v HMRC [2011] UKFTT 536 (TC) - (23/09/2011)
• HMRC quadrupling checks on records kept by SMEs - (22/09/2011)
• Corporation Tax cuts for Northern Ireland at least four years away, says NI Finance Minister (BBC report) - (20/09/2011)
• Discussions re capital allowances for new Welsh Enterprise Zones (BBC report) - (20/09/2011)
• Indexation Allowance for assets disposed of in July and August 2011 - (19/09/2011)
• SI 2011/2280: 15th September 2011 is day on which FA 2011, s. 43 (relief for expenditure on R&D by SMEs) comes into force - (15/09/2011)
• Corporation tax: HMRC update toolkit re Small Profits Rate and Marginal Relief - (15/09/2011)
• Scottish government publishes paper on “Devolving Corporation Tax in the Scotland Bill” - (12/09/2011)
• SI 2011/2192: The Authorised Investment Funds (Tax) (Amendment No. 2) Regulations 2011 - (12/09/2011)
• Capital allowances: SI 2011/2220: The Capital Allowances (Environmentally Beneficial Plant and Machinery) (Amendment) Order 2011 - (12/09/2011)
• Capital allowances: SI 2011/2221: The Capital Allowances (Energy-saving Plant and Machinery) (Amendment) Order 2011 - (12/09/2011)
• Corporation tax: list of HMRC recognised commercial software - (07/09/2011)
• SI 2011/2192: The Authorised Investment Funds (Tax) (Amendment No. 2) Regulations 2011 - (07/09/2011)
• Details of amendments to Corporate Finance Manual - (06/09/2011)
• Details of amendments to Company Taxation Manual - (05/09/2011)
• Corporation Tax: deduction re loan relationship debit: whether transactions for the lending of money: MJP Media Services Ltd v HMRC [2011] UKUT 100 (TCC) - (02/09/2011)

August 2011

• Large Business Mid-Tier Agents Forum: terms of reference, minutes, agenda - (30/08/2011)
• Business Tax Forum: minutes and agenda from 27 July 2011 - (19/08/2011)
• Details of amendments to Community Investment Tax Relief Manual - (16/08/2011)
• Scottish government seeking to take control of Corporation Tax - (16/08/2011)
• Discussion papers re Basel III Working Group meetings (regulatory capital instruments) - (12/08/2011)
• Early closure of capital allowances loophole re manufacturers and suppliers - (12/08/2011)
• Digital by Default consultation re main direct business taxes - (08/08/2011)
• Research & Development (R&D) Consultative Committee: draft guidance on ‘production’ - (04/08/2011)
• Indexation Allowance for assets disposed of in June 2011 - (03/08/2011)
• Income tax: business expenditure: wholly and exclusively: continuity of trade: Moore v HMRC [2011] UKFTT 526 (TC) - (02/08/2011)
• R&C Brief 29/11: CT and the substantial shareholding exemption - (02/08/2011)

July 2011

• HMRC release details of PAYE and CT receipts from banking sector - (28/07/2011)
• Penalties: late company tax return: no evidence of submission: no reasonable excuse: Globalnet Resources Ltd v HMRC [2011] UKFTT 498 (TC) - (25/07/2011)
• HMRC re-organisation of Corporation Tax work (Ipswich group) - (25/07/2011)
• CGT relief: TCGA 1992, s. 45: whether a painting was plant: Henderskelfe, The Executors of v HMRC [2011] UKFTT 493 (TC) - (22/07/2011)
• JCCC Customs Newsletter 31 - (22/07/2011)
• Bank Levy: quantification notices - (22/07/2011)
• Business profits: closure notice: late appeal: Ali v HMRC [2011] UKFTT 490 (TC) - (21/07/2011)
• HMRC reorganisation of corporation tax work - (18/07/2011)
• Details of amendments to Capital Allowances Manual - (15/07/2011)
• Details of amendments to Corporate Finance Manual - (14/07/2011)
• Details of amendments to Business Income Manual - (14/07/2011)
• Consultation re CT loan relationships and derivative contracts - (13/07/2011)
• Details of amendments to Corporate Intangibles Research and Development Manual - (13/07/2011)
• R&C Brief 25/11 following Greenbank decision - (07/07/2011)
• Business profits: treatment of “transfers from Capital Reserve”: Supreme Court decision: Scottish Widows Plc v HMRC [2011] UKSC 32 - (06/07/2011)
• Tax-advantaged venture capital schemes: a consultation - (06/07/2011)
• Indexation allowance May 2011 - (01/07/2011)
• The Bank Levy (Double Taxation Relief) Regulations 2011 - (01/07/2011)

June 2011

• Detailed proposals re reform of Controlled Foreign Company rules - (30/06/2011)
• Loss relief restriction: plant and machinery for leasing: discovery assessment: Forbes v HMRC [2011] UKFTT 425 (TC) - (29/06/2011)
• Government to explore whether the cost of CT returns can be reduced - (29/06/2011)
• Penalty: late CT return: reasonable excuse: The Horseshoe Inn and Lodge Ltd v HMRC [2011] UKFTT 418 (TC) - (24/06/2011)
• Capital or revenue expenditure: re-surfacing of farm drive: whether “entirety”: no: G Pratt & Sons v HMRC [2011] UKFTT 416 (TC) - (24/06/2011)
• Corporation tax avoidance: derivatives: Ramsay principle: Explainaway Ltd & Ors v HMRC [2011] UKFTT 414 (TC) - (24/06/2011)
• Penalties for late CT return: reasonable excuse: The Company of the Plumed Horse Ltd v HMRC [2011] UKFTT 417 (TC) - (24/06/2011)
• Penalties: failure to notify: business profits and capital gains: Chauhan v HMRC [2011] UKFTT 412 (TC) - (24/06/2011)
• Details of amendments to Corporate Finance Manual - (23/06/2011)
• Details of amendments to Business Income Manual - (17/06/2011)
• Details of amendments to Lloyds Manual - (16/06/2011)
• Corporation tax: small companies’ relief: Reddleman Properties Ltd v HMRC [2011] UKFTT 395 (TC) - (15/06/2011)
• Wholly and exclusively: whether money received by appellant: Demetriou v HMRC [2011] UKFTT 394 (TC) - (15/06/2011)
• Penalties: late filing of partnership return: no reasonable excuse: Hearthstead Homes v HMRC [2011] UKFTT 382 (TC) - (09/06/2011)
• Capital allowances: fencing round business premises: special security: CAA 2001, s. 33: Brockhouse (t/a A5 Aquatics) v HMRC [2011] UKFTT 380 (TC) - (09/06/2011)
• Capital allowances: just and reasonable apportionment: burden of proof: Tapsell & Anor (as Partnership The Granleys) v HMRC [2011] UKFTT 376 (TC) - (08/06/2011)
• NIC: enterprise zone capital allowances: tribunal jurisdiction: Brijesh J Patel v HMRC (Rev 1) [2011] UKFTT 373 (TC) - (08/06/2011)

May 2011

• Consultation on proposed capital allowances changes for fixtures - (31/05/2011)
• Details of amendments to Business Income Manual - (26/05/2011)
• Update re HMRC toolkits (incl. NIC, capital v revenue, property income) - (26/05/2011)
• Details of amendments to Lloyds Manual - (25/05/2011)
• CT closure notice: FA 2008, Sch. 18: whether a complex case: Finnforest UK Ltd & Ors v HMRC [2011] UKFTT 342 (TC) - (20/05/2011)
• Partnership: place of control and management: non-domiciled partner: Mark Higgins Rallying (a firm) v HMRC [2011] UKFTT 340 (TC) - (20/05/2011)
• Details of amendments to Company Taxation Manual - (18/05/2011)
• Profits from taxi business: discovery assessments: failure to register for VAT: Duhra & Ors (as partners) v HMRC [2011] UKFTT 322 (TC) - (13/05/2011)
• Capital allowances: Supreme Court decision: HMRC v Tower MCashback LLP 1 & Anor [2011] UKSC 19 - (11/05/2011)
• Trading profit or capital gain: PPR: Lowrie v HMRC [2011] UKFTT 309 (TC) - (10/05/2011)
• Penalty: late CT return: FA 1998, Sch. 18: GV Cox Ltd v HMRC [2011] UKFTT 311 (TC) - (10/05/2011)
• Income tax: computation of business profits: accounts not prepared in accordance with GAAP: negligence: Smith v HMRC [2011] UKUT B16 (TCC) - (10/05/2011)
• Details of amendments to Oil Taxation Manual - (04/05/2011)
• Penalty: late partnership return: reasonable excuse: A & C Akin v HMRC [2011] UKFTT 291 (TC) - (04/05/2011)

April 2011

• Leave to appeal out of time: TMA 1970, s. 49: permission granted: IBA claim: Pytchley Ltd v HMRC [2011] UKFTT 277 (TC) - (28/04/2011)
• CT enquiry: application for closure: granted as no justification for continuance of enquiry: Estate 4 Ltd v HMRC [2011] UKFTT 269 (TC) - (26/04/2011)
• Penalty for late CT return: no reasonable excuse: ESA Films Ltd v HMRC [2011] UKFTT 248 (TC) - (14/04/2011)
• Tonnage tax: whether qualifying ships: FA 2000, Sch. 22: Western Ferries (Clyde) Ltd v HMRC [2011] UKFTT 243 (TC) - (12/04/2011)
• Late submission of CT return by liquidator: no reasonable excuse: Somercombe OTS No 39 Ltd (in liquidation) v HMRC [2011] UKFTT 244 (TC) - (12/04/2011)
• Details of amendments to Venture Capital Schemes Manual - (12/04/2011)
• Details of amendments to COTAX Manual - (12/04/2011)
• Details of amendments to Shared Workspace Business Manual - (12/04/2011)
• Late partnership return: no reasonable excuse: Qureshi School of Motoring v HMRC [2011] UKFTT 234 (TC) - (11/04/2011)
• Penalty for late partnership return: mixed and confused submissions: Riaz v HMRC [2011] UKFTT 231 (TC) - (08/04/2011)
• Details of amendments to Capital Allowances Manual - (07/04/2011)
• Details of amendments to Company Taxation Manual - (06/04/2011)
• Trading profits: capital or revenue expenditure: costs of planning enquiry: apportionment: Market South West (Holdings) Ltd v HMRC [2011] UKUT B15 (TCC) - (06/04/2011)
• Corporation tax: intangible fixed assets: internally generated goodwill: Greenbanks Holidays Limited v HMRC [2011] UKUT B11 (TCC) - (06/04/2011)
• Details of amendments to Lloyds Manual - (04/04/2011)

March 2011

• Business profits: travel, food and accommodation: not wholly & exclusively for purposes of trade: Hanlin v HMRC [2011] UKFTT 213 (TC) - (28/03/2011)
• Late claim for error or mistake relief: overstated profits: appeal struck out: Allen v HMRC (Rev 1) [2011] UKFTT 26 (TC) - (28/03/2011)
• Incorrect tax return: omission of relocation expenses: penalty not excessive: Wald v HMRC [2011] UKFTT 183 (TC) - (17/03/2011)
• Information notices: FA 2008, Sch. 36: information reasonably required: D Midgley & Sons Ltd & Anor v HMRC [2011] UKFTT 187 (TC) - (17/03/2011)
• Discovery assessments: whether receipts income or capital: error or mistake: appeal allowed: Howell v HMRC [2011] UKFTT 179 (TC) - (16/03/2011)
• Details of amendments to HMRC’s Business Income Manual - (16/03/2011)
• Late corporation tax return: no reasonable excuse: Troup Curtis & Co Ltd v HMRC [2011] UKFTT 170 (TC) - (15/03/2011)
• Financial services: insurance broking: FSMA 2000, s. 40: Mohammed Karim v FSA [2011] UKUT B18 (TCC) (TCC) - (15/03/2011)
• Details of amendments to HMRC’s Small and Medium Enterprises Assurance Manual - (14/03/2011)
• Corporation tax: mistaken payments by customers: whether accruing from trade: Pertemps Recruitment Partnership Ltd v HMRC [2011] UKUT B8 (TCC) - (11/03/2011)
• Details of amendments to HMRC’s Venture Capital Scheme Manual - (08/03/2011)
• Details of amendments to HMRC’s Corporate Intangibles Research & Development Manual - (08/03/2011)
• Details of amendments to HMRC’s Business Income Manual - (07/03/2011)

February 2011

• Corporation tax return: accounts not signed: onus on HMRC to prove they had to be: Codu Computer Ltd v HMRC [2011] UKFTT 186 (TC) - (28/02/2011)
• Business profits: no deduction for unexplained expenditure: JA Draper Joinery v HMRC [2011] UKFTT 137 (TC) - (23/02/2011)
• Late partnership return: reliance on accountants: no reasonable excuse: The Amelie Partnership V HMRC [2011] UKFTT 163 (TC) - (17/02/2011)
• Details of amendments to HMRC’s Business Income Manual - (17/02/2011)
• Calculation of business profits: expenditure not incurred wholly for purposes of trade: Moulton v HMRC [2011] UKFTT 111 (TC) - (10/02/2011)
• Partnership returns: late filing penalty: no reasonable excuse: H & Y Colbran v HMRC [2011] UKFTT 175 (TC) - (07/02/2011)
• Corporation tax: amortisation of goodwill: shares issued to partners: FA 2002, Sch. 29, para. 118(1)(b): HSP Financial Planning Ltd v HMRC [2011] UKFTT 106 (TC) - (04/02/2011)
• Details of amendments to HMRC’s General Insurance Manual - (04/02/2011)
• Late corporation tax return: no reasonable excuse: ASI Properties Ltd v HMRC [2011] UKFTT 105 (TC) - (03/02/2011)
• Income tax penalty: late partnership return: no reasonable excuse: David Owen and Son v HMRC [2011] UKFTT 223 (TC) - (03/02/2011)
• Details of amendments to HMRC’s Corporate Intangibles Research & Development Manual - (01/02/2011)

January 2011

• Business expenditure: travel between home and sites: successful appeal: Reed v HMRC [2011] UKFTT 92 (TC) - (28/01/2011)
• Income tax: travel and subsistence costs for home-based trader: appeal allowed in part: Kenyon v HMRC [2011] UKFTT 91 (TC) - (28/01/2011)
• Business profits: allowable expenditure: film costs: Icebreaker 1 LLP v HMRC [2010] UKUT 477 (TCC) - (26/01/2011)
• Business profits: taxi driver: discovery assessments confirmed: Sudhan v HMRC [2011] UKFTT 78 (TC) - (25/01/2011)
• Penalty: late partnership return: no reasonable excuse: T and S Arnold t/a Wold Chalet and Caravan Park v HMRC [2011] UKFTT 73 (TC) - (20/01/2011)
• Capital allowances: whether expenditure was on plant: no: McMillin v HMRC [2011] UKFTT 65 (TC) - (19/01/2011)
• Business profits: deduction of mortgage interest: none apportioned on facts to business: Stavrou v HMRC [2011] UKFTT 59 (TC) - (18/01/2011)
• Record keeping: transfer of profit on construction project: Johnstone v HMRC [2011] UKFTT 57 (TC) - (17/01/2011)
• Details of amendments to HMRC’s Community Investment Tax Relief Manual - (13/01/2011)
• Motor expenses disallowed. CGT disposal sole or joint: Jolaoso v HMRC [2011] UKFTT 44 (TC) - (12/01/2011)
• Discovery: partnership returns: onus of proof: Bate v HMRC [2011] UKFTT 39 (TC) - (11/01/2011)
• Income tax losses: trade was carried on on a commercial basis: Kerr (Re Grantham House) v HMRC [2011] UKFTT 40 (TC) - (11/01/2011)