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Avoidance

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Iliffe News & Media Ltd and others (TC2365)

A new slant on the question of whether or not tax avoidance is morally repugnant

Would-be suppliers will have to transparent about their history

Loss relief limited to equivalent of cash contribution

Jersey-registered partnership claimed £77m in relief

Settlement initiative for users of aggressive schemes

New rules will target exploitation of property business profits

What have jockeys and accountants got in common? KEITH GORDON MA, ACA, ATII provides the answer in a review of section 775, Taxes Act 1988.

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NEWS

HMRC workers’ strike action extended to mid-May Transactions soar in October to beat CGT increase Import tariff bills soar 65% in past four years Forty per cent of farms at risk due to inheritance tax reforms HMRC ramps up successful investigations into tax evasion

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Deadline dates for March 2025

CASES

Documents were not necessary or relevant Time limits for double tax relief claims Salary increases could not be taken into account Liability of supplies of property management services Tribunal’s jurisdiction after HMRC withdraws notices

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This week's opinion: 13 March 2025 HMRC workers’ strike action extended to mid-May Transactions soar in October to beat CGT increase Import tariff bills soar 65% in past four years Forty per cent of farms at risk due to inheritance tax reforms

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