Andrew Goldstone and Helen Manis (Mishcon de Reya) review the latest developments that matter in the private client arena
Recent developments that matter affecting private client tax advisers are as follows.
The UT has ruled in Higgs v HMRC [2015] UKUT 92 (reported in Tax Journal 20 March 2015) that HMRC does not have the right to refuse a taxpayer’s claim for a refund of overpaid tax on the basis that the return was submitted out of time.
The taxpayer Mr Higgs was a solicitor who had made payments on account in respect of the 2006/07 tax year based on his previous year’s liability. He did not however file the corresponding tax return until 2011. His accountants had prepared the return which he...
