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VAT reclaim must be quantified

A reclaim of VAT must be quantified with sufficient precision, the upper tribunal has ruled. The reclaim period of 25 years needed to be calculated by using verifiable percentages. This required calculation of rates at least once every five years. Assuming no other significant variations, those rates could be extrapolated for the other four years. The case report can be downloaded from here....
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BUPA fined over data risk

The medical insurance company BUPA was fined £175,000 in September 2018 for failing to protect data on 547,000 customers. Between January 2017 and March 2017, a BUPA employee sold the data on the dark web. BUPA was alerted in June 2017 when an external partner found the data for sale. [18.09]
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Grenfell cheat is jailed

Jenny McDonagh was sent to prison for 5½ years on 28 September 2018 for stealing from Grenfell victims and the NHS. The judge said her crime "beggared belief". She pleaded guilty. McDonagh stole £62,000 intended for victims of the Grenfell Tower fire while she worked in the finance department of Kingston and Chelsea council. Her fraud involved using a prepaid credit card for Edward Daffarn, a s...
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Gary Barlow blames weight on tax problems

The singer Gary Barlow revealed that concern about his tax affairs led him to put on weight in the late 1990s. He released his autobiography A Better Me: The Official Biography at the end of September 2018. In it he says he ashamed for taking part in an aggressive tax avoidance scheme which he says tarnished his reputation. "I have to take the blame ? I signed the documents. It was definitel...
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Reclaim of VAT must specify period

A reclaim of VAT must specify the period for which VAT is claimed. The Court of Appeal so decided on 18 May 2018. The company rents out self-drive vehicles. The company make a "Fleming claim" to recover almost £1.3 million in VAT. Its evidence was its accounts for the year to 31 December 1989, which it said should be extrapolated back for earlier years. The case report can be downloaded from...
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Salary of £53,000 needed to buy a house

An income of £53,000 a year is needed to buy a first home in 2018, according to Hometrack. This is a significant increase from £45,000 needed in 2015. There are wide variations. The figures range from £82,000 in London to £25,000 in Liverpool. Figures can be lower outside the main cities. [18.09]
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Sky sold

On 26 September 2018, Rupert Murdoch ended his 30-year involvement in satellite television when 21st Century Fox sold its 39% stake in Sky to Comcat for £11.6 billion. Sky was launched as Sky Television in 1989 with four channels. It was the first satellite television in the UK. It soon bought out its main rival BSB. [18.09]
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Main residence relief for self-build

A couple were allowed to claim 24 months of main residence relief from capital gains tax during a 3-year period while their house was being built. The couple started building their home in November 2004. They moved in during December 2007. They sold the house in 2010 but did not declare any capital gain as they assumed main residence relief applied. HMRC raised discovery assessments for the ...
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Class 2 non-payment was excused

A taxpayer who was not aware of class 2 national insurance, and did not pay it, was held to have exercised due care and diligence when he entrusted the matter to a recommended accountant. The taxpayer reached state pension age in 2016. He needed 35 years of class 1, 2 or 3 national insurance to receive a full pension. Before retirement, he asked for a pension statement. This showed that he h...
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