Business

The Revenue has published ten tips to help companies get their construction industry scheme (CIS) repayment claims right first time.

The department suggests that taxpayers use the advice (below) as a checklist to ensure they have covered all aspects before sending a claim to HMRC at PAYE Employer Office, Room BP4009, Benton Park View, Newcastle upon Tyne NE98 1ZZ.

By Ray Chidell and Lindsay Pentelow; paperback; 259 pages; £74.50; Claritax Books

Eclipse Generic Ltd (TC2662)

Mertrux Ltd v CRC, Court of Appeal

What does the new fixed rate expense deductions regime involve, and does it meet expectation?

Comprehensive Management Consultants Ltd (TC2652)

A limited company operates a children’s nursery. It loaned money to a limited liability partnership to start a second nursery. The LLP consists of the limited company and its controlling director/shareholder

Is there a capital allowances tax planning opportunity available when a business is transferred to a newly formed company? Can the rule that assets must be transferred at market value be avoided if they are transferred before the transfer of the business itself?

Advisers may need to drop clients in the aftermath of the Mehjoo case

Aeroassistance Logistics Ltd (TC2628)

A company has issued shares to external investors under the enterprise investment scheme (EIS), but loans from directors have been repaid

A husband and wife are the directors of a limited company that has been set up to trade as a Lloyd’s underwriter. The husband has borrowed money to lend to the company as collateral, but this has been invested in National Savings in his wife’s name. What effect will this have on a claim for relief for loan interest paid?