Just a short update this week. We have a new disclosure opportunity for reporting undeclared self-employment income.There are also updates on fixed rate (employee) allowances and the fixed rate allowance scheme (self-employed), including concessionary treatment for 2013/14 tax returns. We hear that HMRC is closing in on self-employed doctors and medical consultants following the Dr Samadian tax case and we have updated our guidance in respect of travel and "wholly and mainly" to clarify some of the points that you have raised.
Second incomes disclosure opportunity (Now Closed)
Second incomes disclosure opportunity was aimed at taxpayers who have not declared any part-time/additional income from self employment. this closed on 7 August 2017.
Nichola's SME Tax w-update 10 April 2014
We're back! We have been away upgrading the website to a new and improved platform. This time we have a bundle of news (freeview) and lots of updates to the subscription (paid) content.
Entrepreneurs’ relief and employment status
In Susan Corbett v HMRC [2014] TC 03435, a wife, who had apparently resigned from her husband’s business was still treated as an employee for the purposes of Capital Gains Tax (CGT) relief.
CGT on non-residents: consultation
The government is consulting on imposing a capital gains tax (CGT) charge made on gains made by non-residents disposing of UK residential property.
VAT: late payment by DD not a reasonable excuse?
In Gillens Limited v HMRC [2014] TC 03406 a company was late in making its VAT payment having failed to allow time for a payment to clear. It did not know that HMRC provides an accelerated payment solution in these circumstances (neither did we!).
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