INCOME-TAX

Payments to an EBT to avoid income tax and NICs did not have a ‘prohibited purpose’

Deemed income of settlor of offshore trusts outside the protected settlements regime

High Court permits rescission of sub-trust appointments saving IHT for EBTs caught by income tax avoidance rules.

Isobel d’Inverno and Alan Barr (Brodies) review the Scottish Budget, including the new Scotland’s tax strategy publication which contains a wide range of substantive possibilities for change.

UT dismisses gilt strips scheme appeal.

A server physically located in the UK cannot give a person a permanent establishment in the UK. Christopher Eames (Mishcon de Reya) considers a real life scenario which tests the limits of that principle.

HMRC’s assessment powers vary depending on the tax at issue but there are common themes, write Matthew Greene and Guy Bud (Stewarts).

Isobel d’Inverno and Alan Barr (Brodies) report on Scotland’s latest Budget, which introduces a new ‘advanced’ rate of income tax.