The First Tier Tribunal considered whether the VAT assessments raised by HMRC in relation to a Subway Franchise were excessive and unreasonable. HMRC had based their assessments on the fact that the standard rated sales during their selected periods of … Continue reading →
HMRC have issued a stern warning to UK taxpayers who have not declared any offshore income, assets or bank accounts. Currently there are disclosure options available under the Worldwide Disclosure Facility (WDF). This facility will finish on 30 September 2018 … Continue reading →
The First Tier Tribunal has decided that value added tax was due on crowdfunding payments at the time the main company issued single purpose face value tenders/ vouchers to the financial backers involved in the arrangement.
The First Tier Tribunal has dismissed a taxpayer’s appeals against HMRCʼs decision to require security for liabilities in relation to VAT, PAYE and NICs. The Tribunal found that HMRCʼs decisions to require the security in relation to the tax outstanding … Continue reading →
David Price, 68 of Derby, and a bookkeeper who lied about being a qualified accountant and stole £143,957 through cleverly planned tax fraud has been jailed. Mr. Price was having an extra marital affair with a lady in Canada and … Continue reading →
Phipps (trading as Ocean Tilers)  TC 06236 The First-tier Tribunal (FTT) partly allowed a taxpayer???s appeal against late filing penalties, finding that the taxpayer???s reliance on his accountant provided him with a reasonable excuse for the initial failures to … Continue reading →