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Tax Aware

Issue 14: June 2021

Tax Aware
News
Africa House - Mishcon de Reya
SSE: Hiving down before a sale deemed ineffective

Simplicity is good but sometimes it comes at a cost, as a taxpayer recently found out in the case of M Group Holdings Limited v HMRC (TC/2019/04839) when losing their claim for tax relief under the substantial shareholding exemption (SSE).

News
VAT: The end of duty-free shopping in the UK

The VAT Retail Export Scheme used to allow overseas visitors buying certain goods in person in the UK to receive a refund of any VAT paid on those goods. The Scheme was abolished on 1 January 2021.

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