This month's review of tax cases and tax news including Ingenious to appeal tribunal decision, summer Finance Bill before July recess, IR35 guidance for off-payroll medics, electric car mileage, South African diver caught by UK tax
Ingenious to appeal tribunal decision
A judge clarifying a tax dispute between HMRC and partnerships set up by Ingenious Media has said the decision reached by the First Tier Tribunal (FTT) was done so with ‘misgivings and reluctance’.
The FTT in Ingenious Games & Ors v Revenue and Customs [2017] UKFTT 429 has held that expenditure on film rights were capital in nature and disallowed under Income Tax (Trading and Other Income) Act 2005 (ITTOIA 2005), s33 and not deductible in computing taxable profits.
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