In this post, Jack Prytherch, Of Counsel in the Tax Disputes & Investigations team at CMS, comments on the Supreme Court’s decision in HMRC v SSE Generation Ltd [2023] UKSC 17, which was handed down on 17 May 2023. The issue before the Supreme Court was the extent to which SSE Generation Ltd (“SSE”) was entitled to claim capital allowances on expenditure incurred when constructing the hydro-electric power station at Glendoe, Fort Augustus in Scotland (the “Glendoe Scheme”). The CMS Tax Disputes & Investigations team was pleased to have advised SSE on this case. Counsels for SSE were Jonathan Peacock…
Hearings in the Supreme Court are now shown live on the Court’s website.
On Tuesday 16th to Thursday 18th may the Court will hear the case of Polmear and another v Royal Cornwall Hospitals NHS Trust, on appeal from [2022] EWCA Civ 12. The Court will consider whether an individual can make a claim for psychiatric injury caused by witnessing the death or other horrifying event of a close relative as a result of earlier clinical negligence. The hearing will begin at 10:00am in Courtroom 1.
On Wednesday 17th may the Court will hand-down judgment in Commissioners for His Majesty’s…
The death of the former pro wrestler and WWE Hall of Famer was announced by fellow sports entertainer Ric Flair on Twitter
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The wrestling world is mourning the death of Billy Graham, who died on Wednesday at 79 after a series of health issues.
Graham’s death was first announced by fellow pro wrestler Ric Flair, who wrote on Twitter, “The Superstar Billy Graham Just Left Us THANK YOU FOR ALL YOUR INFLUENCE On My Career!”
According to a statement shared on Graham’s Facebook account from his wife Valerie on Monday, Graham had been hospitalized and was on life support.…
TEL AVIV – Israelis on Saturday took to the streets in protests, now in their 11th week, against plans by Benjamin Netanyahu’s hard-line government to overhaul the country’s legal system.
The protesters say the proposed changes undermine the country’s democracy by restricting the power of the Supreme Court. Netanyahu and his allies say the plan is needed to curb what they claim is the excessive powers of unelected judges.
The main protest in the central city of Tel Aviv drew tens of thousands of people who waved Israeli flags and traffic sign banners that read “Dead End!” and “Risk Ahead!”…
In this post, Jack Prytherch, Of Counsel in the Tax team at CMS, previews the decision awaited from the Supreme Court in Commissioners for His Majesty’s Revenue and Customs v Vermilion Holdings Limited. The appeal was heard by the Supreme Court on 7 February 2023.
The Supreme Court was asked to consider whether the grant of an option to acquire share capital in the appellant (“VHL”) to one of its directors should be treated as an employment-related securities option for the purposes of section 471 of the Income Tax (Earnings and Pensions) Act 2003 (“ITEPA”), and thus chargeable to income…
In this post, Jack Prytherch, Of Counsel in the Tax team at CMS, previews the decision awaited from the Supreme Court in Moulsdale t/a Moulsdale Properties v Commissioners for His Majesty’s Revenue and Customs. The appeal was heard by the Supreme Court on 17 January 2023.
The Supreme Court was asked to consider whether a sale of property by the appellant (“Moulsdale”) was exempt from VAT. More specifically, the Supreme Court considered whether Moulsdale intended or expected that the property sold was or would be a capital item in the hands of the purchaser for the purposes of the Value…
On this submit, Tara McCarthy and James Warshaw, associates within the litigation workforce at CMS, preview the choice awaited from the Supreme Courtroom in Brake and Anor v Chedington Courtroom Property Ltd.
Factual Background
The respondents within the Supreme Courtroom are a married couple, Mr and Mrs Brake, and their son. Mr and Mrs Brake lived on a farm which they ran as a marriage and occasions venue in partnership with a 3rd celebration. Mr and Mrs Brake contributed the farm as property of the partnership. The partnership later acquired authorized title to the cottage which was transferred to the…
On this snapshot authorized replace, we report that on 25 Might 2022, in a written reply by Mr. Christopher Hui, the Secretary for Monetary Providers and the Treasury, to Legislative Council questions on crowdfunding, Mr. Hui confirmed that the Hong Kong Authorities is reviewing the regulation of crowdfunding in Hong Kong.
The target of the evaluate is to offer clearer regulatory necessities, and to strengthen the transparency and accountability of crowdfunding actions. The evaluate may even give attention to strategies to stop fraudulent crowdfunding actions for probably unlawful functions. The evaluate will embrace a public session to be accomplished inside…