Ex-Formula One star Dumfries, the seventh Marquess of Bute, fought HM Revenue
& Customs over payment of tax over granting mining rights.
The taxman argued that he should pay full income tax on conferring rights to
mine and explore. However Julian Ghosh QC, representing Dumfries, argued that
his client was due mineral royalties, and as such should only pay income tax on
half his receipts and capital gains on the other, effectively lowering his tax
Special commissioner Colin Bishopp found that in this situation receipts were
mineral royalties, siding with Ghosh and Dumfries.
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy