A summary of the key new measures announced by the chancellor in his Spring 2017 budget.
Budget 2017: live speech hightlights
The live highlights as the chancellor Philip Hammond makes his first and last Spring Budget, keep refreshing to read more! MTD: postponed for small business by one year, NICs to increase for the self employed and dividend allowance decreases to £2k in 2018.
Celebs' and privacy in tax hearings
In Martin Clunes v HMRC [2017] TC05692 the tax tribunal decided that a well known actor did not have any special right to privacy in relation to an application made ahead of a potential tax appeal against the disallowance of cosmetic surgery as deduction from his trading profits.
HMRC employment status tool
HMRC's CEST 'Check Employment Status for Tax'. This tool can be used by workers, agencies and engagers in order to determine whether a worker is employed or self-employed for tax purposes.
Potential lost revenue: losses carried forward
In Simon Fry v HMRC [2017] UKFTT 0158 the First-Tier Tribunal (FTT) found, that in calculation of tax penalties for errors in a return, 'potential lost revenue' should be calculated with reference to the taxpayer’s future plans, such as becoming non-resident.
Nichola's SME Tax W-update 3 March 2017
Hello
Just a very short web-update this week: it's the lull before next week's Budget.
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