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The Australian High Court case of Blank v Commissioner of Taxation [2016] HCA 42 considered the nature of a termination payment received by an employee from a series of incentive schemes.
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The case of J A Thornton v HMRC [2016] UKFTT 767 (TC) considered the issue of whether a lump sum payment at the termination of a lease was capital or revenue in nature.
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The deductibility of advertising expenditure was questioned in the case of The Crown and Cushion Hotel (Chipping Norton) Limited v HMRC [2016] UKFTT 765 where a company made payments towards sponsoring the director’s daughter’s motor racing career.
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Do expenses have to be linked to a particular taxable supply before input tax may be claimed? In Durham Cathedral v. HMRC [2016] UKFTT 750, the Durham Cathedral carried out both non-economic (i.e. the religious activities in the cathedral) and economic (operating a café and gift shop) activities on its premises.
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Is input tax paid by a company for advice on acquiring the company claimable? The case of Heating Plumbing Supplies Ltd v HMRC [2016] UKFTT 753 indicates that it may be, depending on the purpose of the acquisition.
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The issue of a company’s residency was examined in the Australian High Court case of Bywater Investments Ltd; Hua Wang Bank Berhad v Commissioner of Taxation [2016] HCA 45.
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