UK Tax Bulletin

    January 2015
    Welcome to this month's UK Tax Bulletin. This issue includes details on:
    • Current Rates: Latest rates of inflation and interest
    • Trading Losses: The FTT considers losses on horse racing
    • Non Statutory Clearances: HMRC issue more guidance
    • Travel Expenses : Local Authorities: A new exemption for expenses
    • CGT : Contingent Liabilities: The Court of Session considered a deduction
    • VAT Penalties: You argue at your peril