UK Tax Bulletin

    June 2014

    Welcome to this month's UK Tax Bulletin. This issue includes details on:


    • Current Rates: Latest rates of inflation and interest
    • McLaren: Deductible Expenditure: The Upper Tribunal deny a deduction
    • CGT: Section 162: The Tribunal consider the meaning of a business
    • Cessation of Trade: Another decision on what constitutes the cessation of trade
    • Fair or Foul: I wonder who is right?
    • GAAR: Some helpful guidance from Canada perhaps
    • Directors Loan Accounts: A new HMRC Toolkit
    • Source of Income: The residence of the debtor is again confirmed as crucial