HMRC has won at the Court of Appeal in a long-running argument with a provider of caravan holiday parks over the question of whether the reduced rate for VAT on supplies of fuel applies

Labour’s shadow chancellor John McDonnell has said the party will introduce a financial transactions tax if it wins the general election next month, claiming the so-called ‘Robin Hood’ tax would raise £26bn over the course of the next Parliament

A First Tier Tribunal (FTT) dismissed an appeal against the disallowance of a hold-over claim as the company was controlled by persons not resident in the UK

HMRC has confirmed the annual subscription limit for the now closed child trust funds (CTF) for 2017 to 2018 will be £4,128, same of the Junior ISA which is the recommended tax-free savings vehicle for children

HMRC has updated form 64-8 guidance on how to use paper forms to set up agent authorisation to deal with the tax authority

The Scottish finance secretary has indicated the government is conserving whether to raise the top rate of income tax in Scotland to 50p next year, in line with an SNP manifesto commitment

The UK, along with Ireland and Finland, tops the European league table for ‘lifestyle regulations’, including heavy taxes on alcohol, soft drinks, e-cigarettes, food, and tobacco, according to research by the European Policy Information Centre (EPICENTER)

A First Tier Tribunal (FTT) dismissed an appeal against closure notice as the properties were not trading stock but capital investment therefore, the FTT did not need to consider whether any losses arising were available to be offset against taxable income 

Drinks giant Diageo has revealed it is facing a £107m tax bill in relation to the new diverted profits tax (DPT), or so-called ‘Google tax’, and has said it will be challenging HMRC over the issue

The Court of Appeal upheld the previous Upper Tribunal and First Tier Tribunal decisions that film partnerships were not trading therefore their claim for tax relief was refused

The Criminal Finances Act 2017 raises concerns for tax advisers and accountants providing offshore tax advice, warn Jonathan Grimes, partner, and Jonathan Blunden, solicitor, criminal litigation practice, Kingsley Napley LLP. Here they consider the implications of the new rules affecting companies and partnerships

John Lewis Partnership has set aside a £36m accounting provision for the potential costs of complying with national minimum wage (NMW) regulations, after the high street retailer discovered its policy of pay averaging for staff may have resulted in a technical breach of the rules, due to the complexity of the calculations