Supreme Court upholds quashing of follower notice (Haworth v HMRC)

Published on: 02 July 2021

Published by a

Specialist Tax Regulatory Materials

Article summary

The Supreme Court has unanimously dismissed the appeal of HM Revenue and Customs (HMRC) and upheld the decision of the Court of Appeal to quash the follower notice handed to Mr Haworth during 2016 with regards to the ‘round the world’ arrangements he entered into for his 2000–01 tax return. Adam Craggs and Constantine Christofi, partner and senior associate respectively at RPC, and Andrew Hubbard, editor-in-chief of Taxation at ��Ƶ comment on the judgment.

Jurisdiction(s): England, Northern Ireland and Wales

News

Guidance

Popular Articles

Owner-Managed Businesses

Residential property and capital allowances

Residential property and capital allowancesResidential property ― plant and machinery allowancesOrdinary residential property does not, and never has, qualified for capital allowances. as CAA 2001, s 35 denies plant allowances for expenditure incurred in providing plant or machinery for use in a

14 Jul 2020 17:14 | Produced by Tolley in association with Martin Wilson and Steven Bone Read more

Corporation Tax

Research and development expenditure credit (RDEC)

Research and development expenditure credit (RDEC)This guidance note provides information on how research and development expenditure credits (RDEC) are calculated and utilised. The Qualifying expenditure for R&D tax relief guidance note provides information on what expenditure qualifies for

14 Jul 2020 13:24 | Produced by Tolley in association with Will Sweeney Read more

Value Added Tax

Holding companies ― VAT status of activities

Holding companies ― VAT status of activitiesThis guidance note examines how to determine the VAT status of a holding company’s activities. In particular, it looks at:•when a holding company is or is not in business•if a holding company is in business, whether its activities are exempt or taxableThe

14 Jul 2020 17:13 | Produced by Tolley Read more

��Ƶ