Tax | CIOT calls for reform of VAT repayment rules

The Chartered Institute of Taxation (CIOT) has welcomed the government’s decision to amend the Finance Bill but still calls for a wider rethink of plans to end the VAT repayment supplement, claiming it could be devastating for some businesses

Tax | US tax court hands victory to Michael Jackson estate

A US tax court has handed victory to the estate of Michael Jackson finding that the Internal Revenue Service (IRS) wildly inflated the value of the singer’s assets and image at the time of his death leading to an estate tax bill for his heirs that was far too high

Tax | VAT updates: May 2021

In this month’s round-up of key VAT decisions, Graham Elliott assesses the tribunal rulings in Northumbria Health Care NHS Trust, Step by Step and Balhousie