The First Tier Tribunal (FTT) has allowed a taxpayer’s appeal against PAYE return late filing penalties, finding that reliance on his accountant who was suffering from ill health had amounted to a reasonable excuse for a taxpayer in a similar position and therefore by applying the ordinary principles of proportionality, fairness and transparency should also apply to this taxpayer.

HMRC has published a further consultation on simplifying the calculation of IHT charges on trusts at ten yearly intervals or when assets are transferred out of the trust and making fairer the way the nil-rate band is allocated as part of those calculations, for comment by 29 August 2014.

A Kent man who stole from the taxpayer by submitting fraudulent VAT returns has been ordered to pay back more than £62,000 or face another 19 months in jail.

Premier League football clubs’ revenue reached a record £2.5bn last year, driven by a 21% rise in commercial revenue, but wages are consuming an ever larger proportion of club earnings while the UK tax take from the sector hit £1.3bn, according to Deloitte.

The European Commission (EC) has issued guidelines on transfer pricing as part of its work in the EU Joint Transfer Pricing Forum (JTPF).

There were few surprises in the Queen’s Speech 2014, delivered at the state opening of parliament today, with the focus on pensions reform, child care vouchers and some tax avoidance measures.

HMRC is in the dog house after the Upper Tribunal (UT) dismissed its appeal to overturn an earlier tax tribunal decision that some specialist canine food products should be zero-rated for VAT when they were fed to working dogs.