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