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MARK ROWLAND is aghast at HMRC’s late change of heart over capital gains tax on pre-April 2003 employee share options
KEY POINTS
- HMRC have received legal advice that the old guidance is wrong.
- Review of competence of HMRC handling of its interpretation of a tax case.
- Millions wasted in tax time and effort and still more to waste.
- Practical guidance on the impact of the new guidance.
What was the most astonishing news in the week commencing 10 May 2009?
The expense claim for the moat interest on a non-existent mortgage or sacks of horse manure?
For me it was none of these; instead it was the publication of Revenue and Customs Brief 30/09.
The brief is an admission of how inept HMRC have been for the last six years and how their interpretation of a tax case has cost this country millions much much more than all of the MPs’ expense claims put...
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