UK Tax Bulletin

    October 2012

    This issue includes details on:


    • Current Rates: Latest rates of inflation and interest
    • Deductible Expenditure: McLaren's FIA penalty is tax deductible
    • Reasonable Excuse: More about reliance on advisers
    • Entrepreneurs Relief: Disposal of an asset or part of a business
    • Benefits in Kind : NIC: Whether "making good" applies to NIC
    • Penalties: Unconscionable conduct by HMRC