People's Friend
What did the Parliamentary Ombudsman's report mean for the revenue departments? ALLISON PLAGER reports.
THE 2003-04 ANNUAL report of the Parliamentary Ombudsman, published recently, concentrates mostly on matters pertaining to the Department for Work and Pensions. The revenue departments do not escape the Ombudsman's notice, although no great detail is devoted to them this year.
Pensions!
ALLISON PLAGER reviews the seven sittings of Standing Committee A covering pension simplification.
On the road
We act for a client (a limited company) which deals in buying and selling cars at preferential rates from main dealers.
The company has recently acquired a BMW for £30,000, which is leased back to the director/shareholder by the company at a full market rent plus VAT.
The director insists that there is no benefit in kind because of this and intends to apply the principle to several other employees.
How will community investment tax relief introduced in the Finance Act 2002 work? ALLISON PLAGER reports.
THE CURRENT CHANCELLOR of the Exchequer is extremely keen to encourage wealthy investors to put their money into worthy projects, and what is more, he is prepared to make it worth investors' while. He does this by dangling generous tax reliefs under their noses, so that provided the relevant rules are met, investors are rewarded with substantial tax savings.
ALLISON PLAGER reports two recent decisions.
ALLISON PLAGER reports some recent decisions.
ALLISON PLAGER examines recent trends in accountants' use of technology as reflected in a recent survey.
Customs win their appeal in Tesco plc v Commissioners of Customs and Excise.
TESCO OPERATED A scheme whereby customers could earn points on their purchases, and the points would eventually be converted to vouchers to be redeemed in Tesco. Tesco claimed that the vouchers were granted for a consideration, and that their cost should be disregarded for VAT. The court disagreed, saying that the customer was paying for the goods, not the points or vouchers, so no part of the price paid by the customer was consideration for the vouchers.
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