How to Avoid Stamp Duty on Shares
Tax is payable on the purchase of shares in the UK – known as Stamp Duty on paper transactions, and Stamp Duty Reserve Tax (SDRT) on...
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This appeal concerned penalties levied by HMRC on a company for the late filing of its corporation tax return. Patrick Cannon appeared for the company against HMRC. The case is interesting because HMRC had reduced the penalties to nil for a sister company which had also filed its returns late in identical circumstances.
However, this fact was held not to be grounds for the company to be treated by HMRC consistently with its sister company.
Read the full decision here