In this month’s tax updates, HMRC wins latest GAAR ruling, Ackroyd loses IR35 appeal, Starbucks success in Dutch tax case, HMRC threatens action over IR35, probate fees u-turn, Facebook’s UK tax under fire and Scotland mulls plastic cup tax
Cases
The GAAR advisory panel has issued a ruling clamping down on a scheme involving the extraction of cash or value from a company by its directors and shareholders using employee shareholder shares.
The decision supports HMRC’s view that such tax arrangements are not a reasonable course of action and are judged to be abusive.
The latest general anti-abuse rule (GAAR) ruling relates to a number of substantially similar opinions issued on 7 August to taxpayers who had been referred by HMRC on 2 May 2019.
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