In Gradon Construction Limited v HMRC [2016] TC04935 input tax credits were refused as invoices were not valid for VAT and there was insufficient additional supporting evidence.
CIS: ignorance is bliss?
In Eric Donnithorne v HMRC [2016] TC05017 a liability under the Construction Industry Scheme (CIS) was discharged as it was reasonable that the taxpayer did not realise he had any obligation to make deductions.
Realised & distributable profits: ICAEW update
The ICAEW / ICAS have released some proposed amendments to "TECH 02/10 Guidance on realised and distributable profits under the Companies Act 2016".
Consultation: tips, gratuities & service charges
The Government has launched a consultation on the treatment and transparency of tips, gratuities, cover and service charges.
Nichola's SME Tax w-update 27 May 2016
Hello
This time we feature our regular Capital Taxes round-up together with a handy comparison on the differences between SDLT and the Scottish version 'Land and Buildings Transaction Tax'. Those of you north of the border will be pleased to know that we are tracking the progress of your devolving tax system!
PAYE/RTI penalties: 3 day grace period extended
HMRC is continuing its RTI penalty concession. Employers have an extra three days to report their payrolls online...until 2017.
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