Employers and agents no longer have to submit a paper form P11D(b) to HMRC if they have not submitted any P11D forms.
Childcare providers: sign up now for Tax-Free Childcare
HMRC has begun contacting registered childcare providers inviting them to sign up online to make sure that they are eligible to receive payments from the tax-free childcare accounts being introduced from early 2017.
Nichola's SME Tax w-update 9 September 2016
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Football agent denied relief for trading losses
In Jerome Anderson v HMRC [2016] UKFTT TC05314, the First Tier Tribunal (FTT) denied a football agent relief for trading losses: if he was carrying on a trade, then it was not on a commercial basis with a view to making profits.
Tribunal suspends one off penalty for error
In Eric Eastman V HMRC [2016] TC05276, the First Tier Tribunal (FTT) allowed suspension of a penalty for a one-off capital gains tax (CGT) error. The taxpayer’s accountant made the mistake and he created to new systems to prevent re-occurrence.
Nichola's SME Tax w-update 30 August 2016
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This week we have a slightly employer-oriented edition. HMRC are sending out fines for late filing of what was the old Form 42 and there is a new Employer Bulletin. We also have a guide to the Apprenticeship levy and also apprenticeship funding.
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