ANALYSIS OF LECTURES: FEBRUARY 2012

PERSONAL TAX

P696 Revised interpretation of the pension carry forward rules   (13.15 minutes)
Dean Wootten explains how the November 2011 revised interpretation of the pension carry forward rules can be used to benefit taxpayers in 2011/12.

P697  Dividends taxed as earnings!   (14.07 minutes)
Dean Wootten runs through a recent Court of Appeal case and considers the impact that the Court’s decision may have on the tax treatment of dividends paid out as part of a remuneration structure, including Alphabet shares and the low salary, high dividend route.

P698 Personal liability notices (5.52 minutes)
Rebecca Benneyworth explains when a Personal Liability Notice may be issued and runs through a recent case where the taxpayer was successful in their claim.

P699 More discovery developments (10.22 minutes)
Gerry Hart revises the rules relating to when HMRC can make a discovery assessment before moving on to consider some recent Court of Appeal decisions in this area.

P700 HMRC Task Forces (8.58 minutes)
Gerry Hart reminds us of how HMRC are using Task Forces to target specific sectors that it considers to be high risk for tax evasion and highlights those sectors that HMRC are currently investigating.

 BUSINESS TAX

B696  Fixtures and fittings and other capital allowances developments (14.43 minutes)
Kevin Read  runs through a number of announcements that have been made in the last few months on capital allowances including the amended proposals for fixtures in buildings.

B697 Planning for the reduction in the Annual Investment Allowance (12.12 minutes)
Gerry Hart reminds us of how the reduction in Annual Investment Allowance will affect business and what steps can still be taken to mitigate the situation.

B698  Wholly and exclusively incurred? (6.56 minutes)
Chris Jones considers the application of the wholly and exclusively test following two recent cases that have made their way through the First Tier Tax Tribunal.

B699 The basics of statutory demergers (15.11 minutes)
Paul Howard explains what a demerger is and when it may be appropriate before moving on to look at the different types of demerger and conditions that need to be satisfied for each type.

B700 Developments in bad debt relief (21.00 minutes)
Mike Thexton revises the basic rules for when bad debt relief may be claimed before considering three cases that illustrate some of the more interesting points relating to bad debt relief.