Wood v HMRC [2016] UKUT 346 (TCC)
Wills & Trusts Law Reports | October 2016 #163In June 2010, Michael Wood admitted to under-declarations of income tax for the years 2002-03 to 2007-08 amounting to £743,424 and made a payment of tax of £352,983. This was made with a view to taking advantage of an HMRC disclosure opportunity for medical professionals called the ‘Tax Health Plan’, with a fixed tax geared penalty of 10% of the amount of tax under-declared. HMRC argued that the disclosure fell within the Tax Health Plan and opened a Code of Practice 9 investigation into his affairs. Michael Wood agreed to provide a disclosure report (the disclosure report) into his affa...
Seals & anr v Williams [2015] EWHC 1829 (Ch)
Wills & Trusts Law Reports | September 2015 #152The claimants had brought proceedings under the Inheritance (Provision for Family and Dependants) Act 1975 for reasonable financial provision out of the estate of their late father, Arnold Seal. The sole executrix and beneficiary of the estate was the defendant. Related proceedings had generated considerable acrimony with the result that the parties’ positions were in danger of becoming entrenched. An attempt at mediation had largely stalled and the legal representatives of the parties proposed as a way forward that the court undertake an early neutral evaluation of the ca...