Issue: Vol 160, Issue 4124

RICHARD HOLME and JANET PATERSON offer advice for businesses and individuals on tax planning in a recession

JOHN SELWOOD shares experiences of arguing accounting issues with HMRC

MARK TAYLOR looks at a little known statutory instrument which provides HMRC (and other agencies) with new, wide-ranging powers regarding financial reporting orders.

Is VAT the question for innocent parties who find themselves caught up in a fraudulent transaction, asks STEVE SIMMONITE.

ANDY WELLS does not trust HMRC to deal with his clients' money any more responsibly than they are likely to do so themselves

PETE MILLER explains the importance of understanding the definition of ordinary share capital

Arctic Systems

VAT registration

You invited responses to your piece on tax and administration ('Grit or pearl?', Taxation, 26 July 2007, page 111).

A close company (with three directors, all related) purchased a helicopter for £105,000 in July 2007. Only one director of the company has a licence to fly the helicopter. It will be used for business...

The residue of an estate is held on life interest trusts for an adult beneficiary who is a higher-rate taxpayer. The executors' estate accounts show net bank interest of over £3,000 arising over three...