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Time's Up
The article by Richard Curtis, ' It's Just a Matter of Timing' ( see Taxation , 24 February 2005, p512) is a very useful reminder of the need and basis for deferred tax provisions. On page 514, the article says that 'the issue of deferred tax will not usually arise in the case of sole traders and partnerships'.
RICHARD CURTIS provides a basic guide to deferred tax for non-accountants.
IF YOU WORK in tax, but have not trained as an accountant, then you may find accounts something of a closed book. In fact, you may have this in common with many clients, whose main interest in their annual business accounts is as a stepping-stone towards quantifying their annual tax liability.
RICHARD CURTIS explains the work of Revenue contact centres.
Tax Case
Replacement Loans
RICHARD CURTIS reviews the decision in Robson v Mitchell.
MR ROBSON WAS the sole director and shareholder of a property development company, which had an overdraft of £250,000. Amongst other work, the company developed 39
Special Commissioner's Decision
Mere Machinery
RICHARD CURTIS reviews a recent Special Commissioners' decision that concerned the boundaries of Schedule A and Schedule D, Case VI.
SETTING THE SCENE, the appellant in this anonymised decision (see A Property Company v HM Inspector of Taxes, SpC 433) was the property owning company in the Cornwall Group.
Let's Dance?
RICHARD CURTIS considers the Inland Revenue's latest enabling idea.
Special Commissioner's Decision
A Different Drum
RICHARD CURTIS reviews a recent decision concerning inheritance tax and foreign life assurance proceeds on death.
