In Donald Fitzroy Currie v HMRC [2014] TC 03997 a taxpayer was denied Special relief in respect of his out of time appeal against determinations made by HMRC. The tribunal also established the extent of its powers to decide special relief cases.
Nichola's SME Tax w-update 24 Sept 2014
Good morning,
This time we have quite a few "quick news" items for you to speed read. Our featured "Essential reading" includes several items on penalties and following the introduction in the 2014 Finance Act which outlines the requirement to file an online annual return for shares, options and securities there is also a new tough penalty regime for late filing to embrace.
Scotland: further (tax) challenges ahead
Following the successful of the "No" campaign, Scotland remains part of the United Kingdom. The government has already promised new devolved powers to enhance the Scottish Parliament and significantly these include extensive powers over taxation. Will Scotland now become a tax haven?
RTI all change: no penalties for SMEs until 6 March 2015
Great news for small employers (up to 49 employees): you will not be charged late filing penalties under PAYE Real Time Information (RTI) reporting until 5 March 2015. This change follows a recent relaxation for micro employers (1 to 9) employees which delays penalties for them until 5 April 2016.
Nichola's SME tax w-update 4 Sept 2014
Good morning
This time we have a "back to school" special: a gentle reminder of what's new in the 2014 Finance Bill and what topics are currently under consultation, and at last a bit of good news on RTI. I have to say "thank you" to HMRC for listening to our concerns about RTI. Great news that micro businesses need only report RTI monthly until 2016. This means that they can ignore the "on or before payment rule" until then.
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