Are Your Farm Repairs Tax Deductible?

Are Your Farm Repairs Tax Deductible?

When carrying out extensive repairs to maintain their premises a farmer may assume that, without question, these repairs will be offset against the business income received thus reducing the tax bill for the applicable accounting period. HM Revenue and Customs...
HMRC Takes The Driving Seat

HMRC Takes The Driving Seat

Having lost out at the first tier tribunal, HMRC took racing giant McLaren all the way to the upper tribunal to see a judgement in their favour, in a recent tax case. Back in 2007 a (one can only imagine, disgruntled) former Ferrari engineer passed confidential design...