TITLE

SUB-POSTMASTER TERMINATION PAYMENT DEDUCTIONS DISALLOWED BY TRIBUNAL

PUB. DATE
September 2014
SOURCE
Accountancy;Sep2014, Vol. 153 Issue 1453, p28
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the British First Tier Tribunal (FTT) court case Sabaratnam Devaraj v Revenue & Customs which dealt with termination payment deductions. Topics covered include a compensation payment received by Devaraj from Post Office Ltd. as a result of the compulsory closure of a post office that he owned in 2008 and the refusal by Her Majesty's Revenue & Customs (HMRC) to grant an amount of 45,000 British pounds related to the original acquisition cost of the goodwill.
ACCESSION #
98407159

 

Related Articles

  • DUTY TO DEDUCT TAX ON PAYMENT OF INTEREST ARISING IN THE UK. Khin, Sharon // Accountancy;May2014, Vol. 152 Issue 1449, p27 

    The article discusses Perrin v Revenue & Customs, where the First Tier Tax Tribunal (FTT) found interest paid by Perrin to trustee Blackstone Ltd, an Isle of Man recipient, arose in Great Britain and interest should have been deducted under Income Tax Act 2007, s874. The FTT found that as the...

  • EX MFI OWNER HJ GROUP PART WINS £183M EXPENSES OF MANAGEMENT CASE. White, Sara // Accountancy;May2014, Vol. 152 Issue 1449, p30 

    The article discusses Howden Joinery Group PLC & Anor v R & C Commissioners, where First Tier Tax Tribunal (FTT) part-ruled in favour of kitchen supplier Howden Joinery (HJ), former owner of Mullard Furniture Industries (MFI), in a 183 million British pounds management expenses dispute. The FTT...

  • MCLAREN RACING DENIED TAX DEDUCTION FOR £32.3M FINE. Khin, Sharon // Accountancy;Aug2014, Vol. 153 Issue 1452, p19 

    The article discusses the British Upper Tribunal court case British HM Revenue and Customs (HMRC) commissioners v McLaren Racing Ltd. which deals with the breaching of sporting regulations. It states that the court has overturned the First Tier Tribunal's (FTT's) decision to penalized the firm...

  • Decision delayed on CIS card case.  // Contract Journal;8/2/2006, Vol. 434 Issue 6586, p44 

    This article reports on the move of British deputy High Court judge Andrew Simmonds to delay his decision on a case against HM Revenue & Customs (HMRC) until later 2006. His move follows the summing up of both parties in the case of Neil Martin vs HMRC. An overview of the background of the case...

  • HMRC claims victory against £200m tax avoidance schemes. Selby, Tom // Money Marketing (Online Edition);8/20/2012, p3 

    The article reports that HM Revenue & Customs (HMRC) of Great Britain has won three tax avoidance schemes which could have cost the Treasury 200 million pounds in lost revenue. According to HMRC, several individual used a tax avoidance scheme to create an artificial loss so that he would not...

  • DIRECTORS' LIABILITY FOR UNLAWFUL DIVIDENDS. FERRAN, EILÍS // Cambridge Law Journal;Jul2011, Vol. 70 Issue 2, p321 

    The article discusses the court case Holland v. Commissioners for Her Majesty's Revenue and Customs which involves the liability of directors for unlawful dividends. The Supreme Court ruled that the individual involved in the case was not a de facto director. According to the article, the...

  • Aberdeen loses court battle over £7m tax avoidance scheme. Macdonald, Sam // Money Marketing (Online Edition);11/7/2013, p58 

    The article reports that a court case has been won by Great Britain HM Revenue & Customs against Aberdeen Asset Management PLC over an offshore tax avoidance scheme.

  • Scaring the dickins out of taxmen. Shaw, Shimon // EG: Estates Gazette;4/2/2011, Issue 1113, p104 

    The article discusses a court case wherein the judge ruled against the ruling of Her Majesty's Revenue and Customs (HMRC) that the taxpayer's tax planning arrangement did not stop a payment of 2.6 million British pounds in stamp duty land tax (SDLT). In DV8 RS Ltd. Partnership v. Commissioners...

  • INFORMATION NOTICE FOUND TO BE DEFECTIVE. Khin, Sharon // Accountancy;Jun2014, Vol. 152 Issue 1450, p20 

    The article discusses the 2014 British court case R D Utilities Ltd. v. Revenue & Customs, wherein the plaintiff has appealed against Her Majesty's Revenue & Custom's (HMRC) information notice seeking details about the company's accounts, particularly in relation to a contribution to a...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics