# Sterling TAX Strategies Limited (07086727)

> Why UK company 07086727 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07086727

- **Status:** Administration ended
- **Administration began:** 2013-12-18
- **Administrators' firm:** Evelyn Partners
- **Incorporated:** 2009-11-25
- **Location:** 45 Gresham Street
- **Industry:** 69203 Tax consultancy

## Why it went into administration

- HMRC / tax arrears

## From the administrators' statement

Introduction of Sub-Sale Rules against SDLT Schemes

In recent years HMRC has been very actively challenging SDLT planning and the Government has made it one of its key policies to introduce legisiation in order to recover tax it considers to be owed by taxpayers

In 2012, this objective gathered pace with the Chancellor announcing tn the Budget that he was amending the law relating to “sub-sales” which affected most or all of the Operating Companies planning and he tndicated that he would not hesitate to introduce retrospective legislation on SDLT Schemes We have been informed by the directors of the Operating Companies that, having taken legal advice, they considered such retrospective legislation to be highly unlikely In addition, SOLT Schemes were brought more fully within the existing rules that required STS to disclose tax planning products sold to cllents These made it more likely that parties who implemented SDLT Schemes would be identified and the SDLT relating to transactions with which they were involved would be deemed to be payable Also, a number of First Tier tax tribunals found in favour of HMRC on SDLT tax planning (albeit none of these related to STS clients).

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07086727/filing-history/MzA5MzYwNjI2MWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07086727

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.