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Taxing matters

05 May 2017 / Peter Vaines
Issue: 7744 / Categories: Features , Tax
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Peter Vaines reports on the latest news from the world of tax

  • What is a reasonable excuse for not paying tax on time?
  • If the owner of shares dies before making a claim for income tax relief under s 131 of the Income Tax Act 2007, can the claim be made by his executors?
  • Revisiting the text for employee expenses.
  • What is to become of the Finance Bill?

I am always on the lookout for reasonable excuses (you never know when you might need one) and there have been two conflicting cases decided recently.

In Crossley v HMRC TC 5535 the taxpayer managed to persuade the Tribunal that he had a reasonable excuse for not paying his tax on time because he did not have the money. That was a seriously impressive success because Sch 56(16) of the Finance Act 2009 specifically states: ‘An insufficiency of funds is not a reasonable excuse, unless attributable to events outside the person’s control.’

The facts were interesting—but it just goes to show that the words ‘attributable

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MOVERS & SHAKERS

DWF—19 appointments

DWF—19 appointments

Belfast team bolstered by three senior hires and 16 further appointments

Cadwalader—Andro Atlaga

Cadwalader—Andro Atlaga

Firm strengthens leveraged finance team with London partner hire

Knights—Ella Dodgson & Rebecca Laffan

Knights—Ella Dodgson & Rebecca Laffan

Double hire marks launch of family team in Leeds

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The Supreme Court issued a landmark judgment in July that overturned the convictions of Tom Hayes and Carlo Palombo, once poster boys of the Libor and Euribor scandal. In NLJ this week, Neil Swift of Peters & Peters considers what the ruling means for financial law enforcement
Charles Pigott of Mills & Reeve reports on Haynes v Thomson, the first judicial application of the Supreme Court’s For Women Scotland ruling in a discrimination claim, in this week's NLJ
Bea Rossetto of the National Pro Bono Centre makes the case for ‘General Practice Pro Bono’—using core legal skills to deliver life-changing support, without the need for niche expertise—in this week's NLJ
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