Joseph Hage Aaronson LLP Again Given Top Tier Ranking For Contentious Tax In The Chambers & Partners 2020 UK Guide
JHAs contentious tax team has once again achieved a band one ranking in the Chambers & Partners UK guide to the legal profession, and with more highly ranked individuals than any other law firm. JHA remains the only law firm to be ranked in the top tiers of both the Chambers & Partners and the Legal 500 guides for each year since it was founded in 2013.
Graham Aaronson QC is described as a fantastic advocate with very deep technical knowledge. Michael Anderson is considered super impressive with good, strategic tax knowledge. Paul Farmer is regarded as very clever, very personable and very impressive. While clients say of Simon Whitehead that his in-depth knowledge of the subject matter is second to none.
The top-ranking of JHAs contentious tax team is testament to its unique integrated model, which brings together expert solicitors, barristers and forensic accountants, as well as to its close working relationship with clients, and which together account for its continuing success in dealing with complex, high value and often ground-breaking tax disputes.
As announced in July of last year, the 2020 Budget introduces a new deferred payment plan option for Corporation Tax charged on profits or gains arising from certain transactions between UK companies and EEA companies of the same group of companies.
Reversal of Inverclyde
The 2020 Budget announced provisions to reverse last year’s FTT decision in Inverclyde. In that case, HMRC denied the appellant LLPs’ claims for Business Property Renovation Allowance on the basis that the LLPs did not carry on a business with a view to a profit.
HMRC nudge letters
HMRC continues to fight the good fight in its quest to cut down on tax avoidance and have recently been issuing further “nudge” letters to taxpayers who may have an income source or assets producing gains overseas and consequently an undisclosed outstanding UK tax liability.
ExxonMobil: FTT Decision Released
The FTT decision in Esso Exploration and Production UK Limited and others v HMRC, which relates to pre-2006 claims for Cross Border Group Relief, has now been released.