In McQuillian v HMRC, shares with no dividend rights were held not to be part of a company's ordinary share capital for entrepreneurs' relief purposes. The FTT has considered whether HMRC had jurisdiction to issue an information notice to a taxpayer who was no longer UK resident. In X-Wind Power Limited v HMRC, it was decided that the submission of an incorrect SEIS compliance statement meant that the company lost its qualifying SEIS status. The FTT held in Mabbutt v HMRC that an error in relation to the tax year cannot be cured by section 114 Taxes Management Act 1970. The trustee of the EBT in Shah v Insafe International were held to have an obligation and power under the terms of the EBT to make the PAYE and NIC payments out of the trust funds.
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