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Issue: Vol 167, Issue 4290
28 Jan 2011
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IN THIS ISSUE
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2
HMRC debacle?
The efficacy of home loan schemes is in question. EMMA CHAMBERLAIN and CHRIS WHITEHOUSE explain why
We fought the law
MIKE THEXTON recounts a winning understanding of the rules on the VAT flat-rate scheme
Rewrite confusion
PHILIP SHIRLEY looks at a quirk of the Tax Law Rewrite project concerning foreign dividends
All at sea...
RICHARD CURTIS casts a weather eye over losses and overlap periods
Cash withdrawal
A director and property owner wishes to withdraw £250,000 from his businesses, but which is the most tax-efficient method?
Divs and reserves
Concern is raised as to whether the correct procedures are being followed when dividends are declared by owner-managed companies
Direct let
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
Overtaxed, over here
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
New queries, issue 4290
Reporting backdated earnings; only or main residence election on second property; VAT and cycle-to-work scheme; employees’ late night taxis
Relevant motor expenditure view unchanged
Clear link must exist between payment and use of vehicle
Exchequer quizzed over unmatched NICs
No one should have a reduced pension: HMRC
Simplifying the rules for related companies
De-grouping charge; value shifting rules; losses following change of ownership
Pension transfer charge to be removed
New legislation will be backdated to 6 April 2010
Office closures
Hansard, 24 January 2011, vol 522, no 104, col 119W
New location
Bishop Auckland enquiry centre
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