HMRC United 4 Menda City 1 : City’s lacklustre defence no match for the United attack.’

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HM Revenue and Customs (HMRC) has defeated an artificial tax avoidance scheme involving the Brain Disorders Research Limited Partnership and Neil Hockin (one of the partners), after the First-Tier Tribunal ruled against the users’ attempts to claim £29 million in tax relief.

This is the latest in a series of tax tribunal wins for HMRC, with tribunals finding in HMRC’s favour in over 80 per cent of avoidance cases that taxpayers choose to litigate. Read the rest of this entry »