Explainaway Ltd and Others v Revenue and Customs: FTTTx 24 Jun 2011

Corporation tax – scheme to avoid corporation tax on chargeable gains – whether derivative transactions gave rise to chargeable gains and losses – whether loss arising on disposal of shares in group company was an allowable loss – ICTA, s 128 and TCGA, s 2 and s 143 – application of Ramsay principle – whether interest costs for scheme borrowings had an unallowable purpose – FA 1996, Sch 9, para 13

[2011] UKFTT 414 (TC)
England and Wales

Corporation Tax

Updated: 02 November 2021; Ref: scu.443107

PJD AV Services Ltd v Revenue and Customs (Corporation Tax – Penalty for Late Filing): FTTTx 20 Aug 2019

Penalty for late filing of company tax returns – late appeal to HMRC – taxpayer relied on agent to deal with tax affairs – whether to give permission for late appeals to be made – Martland and Katib considered – permission refused
References: [2019] UKFTT 542 (TC)
Links: Bailii
Jurisdiction: England and Wales

Last Update: 12 July 2020; scu-Ref: scu.641347