Ahead of the 31 January filling deadline HMRC have released a list of the most outlandish expense claims they saw in 2014/15.
Scottish Limited Partnerships: Next steps
The government has published a response to the consultation ‘Limited Partnerships: Reform of Limited Partnership Law’. The consultation examined how to limit the risk of misuse of limited partnerships and ways in which laws could be updated.
Nichola's SME Tax w-upate 20 January 2017
Hello
I hope that you are all holding up through the worst month of the tax year.
Taxpayer's duty to ensure tax payment clears
In W Coomber v HMRC [2016] UKFTT 0809 the First-Tier Tribunal (FTT) dismissed the taxpayer’s appeal that he had a reasonable excuse because the bank failed to honour his cheque despite sufficient funds.
Losses restricted for uncommercial dairy farmers
In Bryan Scambler & Rebecca Scambler v HMRC [2017] UKUT 001 the Upper Tribunal (UT) denied sideways loss relief for dairy farmers who had made losses for over five years.
Making Tax Digital: changes needed
The House of Commons Treasury Committee have published a report recommending that HMRC change their approach to Making Tax Digital (MTD).
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