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Issue: Vol 167, Issue 4290

Issue: Vol 167, Issue 4290

28 Jan 2011
IN THIS ISSUE
The efficacy of home loan schemes is in question. EMMA CHAMBERLAIN and CHRIS WHITEHOUSE explain why
MIKE THEXTON recounts a winning understanding of the rules on the VAT flat-rate scheme

PHILIP SHIRLEY looks at a quirk of the Tax Law Rewrite project concerning foreign dividends

RICHARD CURTIS casts a weather eye over losses and overlap periods
A director and property owner wishes to withdraw £250,000 from his businesses, but which is the most tax-efficient method?
A sole director leases a restaurant, but the trade is carried on by his limited company, which also paid the rent. The landlord has started to charge VAT on the rental payments
Concern is raised as to whether the correct procedures are being followed when dividends are declared by owner-managed companies
An American citizen living in the UK is worried about the US tax treatment of her individual savings account, which is tax-exempt in the UK
Reporting backdated earnings; only or main residence election on second property; VAT and cycle-to-work scheme; employees’ late night taxis
Clear link must exist between payment and use of vehicle
No one should have a reduced pension: HMRC
De-grouping charge; value shifting rules; losses following change of ownership
New legislation will be backdated to 6 April 2010
Hansard, 24 January 2011, vol 522, no 104, col 119W
Draft order for external comment
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