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Income tax – Corporation tax. The Revenue had repaid overpaid VAT plus interest to the taxpayer, both of which amounted to significant sums. The Revenue then charged the payments to corporation tax. The taxpayer had unsuccessfully sought to challenge that decision. The Court of Appeal, Civil Division, dismissed the taxpayer's appeal as the VAT element of the repayment had been chargeable to corporation tax pursuant to s 103(1) of the Income and Corporation Taxes Act 1988 and the interest had been chargeable as a 'qualifying loan relationship' within the meaning of s 100 of the Finance Act 1996.
Income tax – Corporation tax. The Revenue had repaid overpaid VAT plus interest to the taxpayer, both of which amounted to significant sums. The Revenue then charged the payments to corporation tax. The taxpayer had unsuccessfully sought to challenge that decision. The Court of Appeal, Civil Division, dismissed the taxpayer's appeal as the VAT element of the repayment had been chargeable to corporation tax pursuant to s 103(1) of the Income and Corporation Taxes Act 1988 and the interest had been chargeable as a 'qualifying loan relationship' within the meaning of s 100 of the Finance Act 1996.
Sam Townend KC explains the Bar Council’s efforts towards ensuring a bright future for the profession
Giovanni D’Avola explores the issue of over-citation of unreported cases and the ‘added value’ elements of a law report
Louise Crush explores the key points and opportunities for tax efficiency
Westgate Wealth Management Ltd is a Partner Practice of FTSE 100 company St. James’s Place – one of the top UK Wealth Management firms. We offer a holistic service of distinct quality, integrity, and excellence with the aim to build a professional and valuable relationship with our clients, helping to provide them with security now, prosperity in the future and the highest standard of service in all of our dealings.
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If you were to host a dinner party with 10 guests, and you asked them to explain what financial planning is and how it differs to financial advice, you’d receive 10 different answers. The variety of answers highlights the ongoing need to clarify and promote the value of financial planning.
Most of us like to think we would risk our career in order to meet our ethical obligations, so why have so many lawyers failed to hold the line? asks Flora Page
If your current practice environment is bringing you down, seek a new one. However daunting the change, it will be worth it, says Anon Barrister
Creating advocacy opportunities for juniors is now the expectation but not always easy to put into effect. Tom Mitcheson KC distils developing best practice from the Patents Court initiative already bearing fruit
Sam Townend KC explains the Bar Council’s efforts towards ensuring a bright future for the profession
National courts are now running the bulk of the world’s war crimes cases and corporate prosecutions are part of this growing trend, reports Chris Stephen
