Tag Archives: FTT

Eclipse Case and Recovery of Costs at First-Tier Tax Tribunal

The Supreme Court has ruled on the limited scope of costs recovery in the First-Tier Tribunal (FTT) in the tax case of Eclipse Film Partners No.35 LLP v HMRC [2016] UKSC 24, May/16. The FTT had ordered the sharing of … Continue reading

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Estonia Pulls out of Financial Transaction Tax

Estonia has pulled out of joining the EU’s proposed Financial Transaction Tax, FTT. Also called the Ronin Hood tax. In theory the FTT cuts down damaging short-term trading and reimburses EU government for the trillions given to the financial sector … Continue reading

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VAT Exempt Dental Supplies by a Company

The VAT exempt status of dental supplies does not depend on the kind of supplier. So held the FTT Tax Tribunal in City Fresh Services Ltd and the Commissioners for Her Majesty’s Revenue and Customs, TC/2014/04019, July/15. In that case … Continue reading

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European Court Scorns UK Challenge to FTT

The European Court of Justice yesterday scornfully rejected the UK’s challenge to the basis of the Financial Transaction Tax (FTT). The UK got off to a bad start by recognising its legal challenge might be premature, as at this stage … Continue reading

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Upper Tax Tribunal Ruling on Document Disclosure in an Appeal

The Upper Tax Tribunal (UT) has ruled on the scope of document disclosure in a tax appeal in HMRC vs. Ingenious Games et al [2014] UKUT 062, 07/Feb/14. The case concerned three LLPs in the film and video game sector, … Continue reading

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EU Transactions Tax to Cost UK £ Billions

The Financial Transaction Tax (FTT) being pushed by some EU countries could cost the UK £3.6 billion, research for the City of London estimates. Even with the UK outside any FTT zone the tax costs by driving down the value … Continue reading

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Doubts over European Financial Transaction Tax

A leaked internal European report doubts the legality of the proposed Financial Transaction Tax (“FTT”). The problem is said to be that the 11 countries in the FTT group would infringe on the taxation of countries outside the group, such … Continue reading

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