The Ramsay principle, as stated in Furniss v. Dawson  STC 153, allows tax legislation to applied to the substance of a transaction. Steps inserted artificially with no commercial (business) purpose other than tax avoidance may be disregarded. Whilst the steps inserted into a scheme may have some business effect, the question is not what is the effect of inserting the artificial steps but what is their purpose.Andrew Park KC appeared for the Inland RevenueSee also Article by David Goldberg Q.C.
IRC v. McGuckian  STC 908 (H.L.)
GITC is sad to report the death of our Head of Chambers, Mr Milton Grundy who passed away at the weekend.
Gray’s Inn Tax Chambers is deeply saddened by the passing of our founding member and Head of Chambers, Mr Milton Grundy
28 Nov 2022
Gray’s Inn Tax Chambers is deeply saddened to learn of the death of Her Majesty Queen Elizabeth II.
We join the nation in mourning and our condolences are with the Royal Family.
09 Sep 2022
The 2022 GITC Review is now available
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