Monthly Archives: March 2014

Stately Home Old Master Painting Tax-Free Plant

The Court of Appeal ruled this week that a £9.4m old master painting was exempt from capital gains tax. In HMRC vs. Executors of Lord Howard [2014] EWCA 278 the Court dismissed HMRC’s claim to capital gains tax, on the … Continue reading

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Budget, Beer and Bingo at Number 10 ?

On Budget day the government tweeted a poster celebrating the cuts in bingo and beer tax helping hardworking people do the things they enjoy. I’m sure it was well intentioned. One can just picture budget, beer and bingo at number … Continue reading

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The 40% Stealth Income Tax

Amongst all the pre-Budget speculation I was interested as a tax barrister in the 40% income tax band as yet another stealth tax. Back in the Nigel Lawson days the 40% income tax band covered just 1 in 20 people. … Continue reading

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HMRC Looking at Charity Tax Law – Tax Avoidance

I have an interest in tax and charities and now see that charities set up just for tax avoidance purposes are in HMRC’s sights. While acknowledging the contribution of the charity sector, HMRC are worried about a few extreme cases … Continue reading

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Tax Complaints Commissioner Criticised

HMRC have many police-like powers. So taxpayers can complain about an individual HMRC’ officer’s conduct to the Independent Police Complaints Commission (IPCC). But following a heart-breaking report on IPCC handling of deaths in police custody, averaging 545 a year, some … Continue reading

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HMRC Publish Updated QROPS Pension Listing

HMRC have this week published an updated list of Qualifying Recognised Overseas Pension Schemes (QROPS) with a numbers of warnings and caveats too, so care needs to be taken. The list and HMRC’s commentary can be found here :- http://www.hmrc.gov.uk/pensionschemes/qrops.pdfContinue reading

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Budget Next Wednesday 19th March

A reminder that the budget is next week, Wednesday 19th March. Lots of speculation, as usual, as to what will be in and why. With the government pre-publishing its spending plans back in the autumn statement and so many pre-budget … Continue reading

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