PRIVATE BUSINESS TAXES

James Bullock examines HMRC's consultation on closure rules and finds the proposals amount to a staggering 'inequality of arms'.

What might the UK legislation look like if it was rewritten to follow a more accounts-based approach to business tax, asks David Martin (Centre for Policy Studies)

Carry forward of business losses

Tax Journal's coverage of this year's Autumn Statement.

Practitioner views on the Autumn Statement:

• Helen Lethaby (Freshfields Bruckhaus Deringer) examines the impact on big business;
• Simon McKie (McKie & Co) reviews the private client perspective;
• James Bullock (Pinsent Masons) considers enforcement and compliance issues;
• David Whiscombe (BKL Tax) assesses the impact on SMEs;
• John Whiting (OTS) gives the Office of Tax Simplification’s view; and
• John Hawksworth (PwC) provides an economic perspective.

Jackie Wheaton (Moore Stephens) answers a query on a client which is considering making sponsorship payments to a local cricket club, and wants to know if these are allowable

Unallowable purpose straddling two accounting periods

Was a horse breeder carrying on a trade?

Determinations and deliberate failure by the taxpayer