Everyone knows that the corporate veil has the advantage of shielding directors from personal liability. However, far fewer people are aware of its downsides. In one case which illustrates this point , a businessman who dealt with a bank entirely through...
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There is a common but incorrect belief that where a taxpayer incurs a trading loss, that can always be set against their other income to reduce the Income Tax they would otherwise pay. The ability to set off losses against profits is the norm and there are...
It is generally considered that if HM Revenue and Customs (HMRC) raise no enquiries in relation to a tax return in the year following its submission, that is the end of the matter. However, as a recent tax dispute shows, where HMRC make a 'discovery',...
Intellectual property (IP) rights are fiercely protected by the courts, and the consequences of breaching them can be severe indeed. In one case, a company which profited from infringing a patent in respect of a novel type of calliper used in racing car disc...
Just because you haven't paid for professional advice doesn't mean that the person who gave it to you is relieved from liability if it was negligently given. A recent case should serve as a warning to anyone with professional skills who offers free advice...
A recent case clearly illustrates the inherent dangers of appointing amateur executors to administer your estate rather than qualified professionals. The executors were dealing with the estate of a deceased man and as part of their duties they filed a tax...
Adjudication and arbitration are methods often used in the construction industry in the hope that they will achieve speedier and less costly dispute resolution than the use of litigation. However, this is not always the case and adjudicators are used to...
Business relationships sometimes end badly, but the duties that partners owe to look after each other's interests continue until formal dissolution. In one case, two couples who set up a private car hire and chauffeur business lost sight of that principle as...
When a marriage breaks up, the court's primary consideration is the welfare of any children, and their views are of great importance when a decision is being made as to which parent they should live with. In law, a child is a person under the age of 18. ...
The Chartered Institute of Taxation (CIOT) has warned taxpayers that HM Revenue and Customs (HMRC) have now published the responses to their consultation on proposed extensions to their data-gathering powers, which target 'digital platforms'. HMRC have...
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