Joseph Hage Aaronson LLP ranked top in the Legal 500 for Tax Litigation & Investigations
For the sixth consecutive year, JHA has achieved a top-tier ranking in the Legal 500 UK for Tax Litigation & Investigations. Furthermore, partner Graham Aaronson QC is selected once again for their exclusive Leading Individuals list. Associate Shofiqur Miah has been chosen as one of six Rising Stars; associates who make a material difference to the practice and who are considered ones to watch. Partner Michael Anderson is also highlighted for his key role in the teams' success. Client and peer testimonials for the guides 2020 research describe JHAs contentious tax team as technically very able and praise its ability to explain issues in an understandable manner'. They also single out its depth of knowledge and experience in EU law based tax litigation', and say that it is the common sense approach and ability to explain the issues which makes them stand out'. JHA was founded in 2013 and the firms' tax disputes team has been ranked as top-tier by both the Legal 500 and Chambers & Partners guides for tax litigation and contentious tax respectively every year since its inception. This continued success is testament to the firms' dominance in this space, which is enabled by its uniquely integrated approach that brings together the most relevant and experienced solicitors, barristers and accountants, and its close client relationships. View the full commentary on our team and lawyers by the Legal 500 UK here.
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.