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JHA | Blog
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AG Opinion: VAT Is Recoverable on Costs of Failed Ryanair/Aer Lingus Takeover
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Advocate General (AG) Kokott has opined in C‑249/17 Ryanair Ltd v The Revenue Commissioners that input VAT incurred by Ryanair on costs in a failed takeover of Aer Lingus is deductible. Ryanair made a bid to purchase a 100% shareholding of Aer Lingus in 2006. When the takeover failed, Ryanair tried to claim a deduction
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AG Opinion: UK VAT Rules for Hire Purchase Breach EU Law
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Advocate General (AG) Szpunar has concluded in C-153/17 HMRC v Volkswagen Financial Services (UK) Ltd that the UK’s treatment of hire purchase contracts for the purposes of VAT is not consistent with EU legislation. Under UK law, hire purchase contracts are treated as two distinct transactions for VAT purposes: the taxable supply of a vehicle
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The FCA on Regulating Cryptocurrencies
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Bitcoin    Cryptocurrency    FCA    
The Financial Conduct Authority (FCA) has recently confirmed that firms that deal in cryptocurrency derivatives need to be duly authorised and regulated. This statement precedes a review of the cryptocurrency market due later this year, which was announced in the FCA’s Business Plan for 2018/2019. The review is a joint effort between the FCA, the
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A paperless future for the legal profession?
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For anyone old enough to remember the mountains of paper that clogged up offices in the 90s, the idea of a paperless working environment may seem revolutionary. Keeping paper files has been the rule for so long, particularly for law firms, that there are vast quantities of records that need to be dealt with. What
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Wrotham Park after the Supreme Court- what is the measure of damages?
(A)  The issue The defendant sold her 50% shareholding in the claimant company, One Step. The sale, to which the company was a contracting party, included covenants undertaking not to solicit business from certain third parties, protecting confidential information of the company, and restricting competition with the company. The defendant was in breach of all
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Secret Barrister: The Criminal Justice System under Scrutiny
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The Secret Barrister’s much awaited book, ‘Stories of the Law and How It’s Broken’, is finally out. By any standards, it provides a damning account of English criminal justice. In the book, legal aid cuts and overworked, poorly paid lawyers make for a toxic combination, which falls considerably short of the ‘world-class justice system’ that
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HMRC May Not Open Enquiry into Voluntary Self-Assessment Return
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The First-tier Tribunal (‘FTT’) has held in Patel v HMRC UKFTT 185 (5 April 2018) that a voluntarily submitted self-assessment return does not qualify as a return under section 8(1) of the Taxes Management Act 1970 (‘TMA’). Consequently, HMRC cannot open an enquiry into a voluntary return. The appellants had completed paper tax returns
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The Serious Fraud Office and Deferred Prosecution Agreements – What Lies Ahead?
David Green QC is stepping down as Director of the Serious Fraud Office (SFO) this month, after six years in the job. The name of his successor remains undisclosed to date. Whoever that may be, he or she stands to inherit a complex legacy, which includes the increasing popularity of US-style Deferred Prosecution Agreements (DPAs).
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