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One of our case reports this week concerns a partially successful appeal against a clawback of an employer Coronavirus Job Retention Scheme (CJRS) payment. The First Tier Tribunal (FTT) accepted evidence of physical payment of wages after HMRC rejected what appeared to be a late claim due to a delay in PAYE payroll reporting.

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This week we have a new 2023-24 guide for Landlords, the ICAEW calls for a re-think on Making Tax Digital for Income Tax (MTD ITSA) and film scheme investors fail in their attempts to sue for negligence.

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In this week's update, we are having a deep dive into HMRC's Tax Administration and Maintenance day documents and consultations. 'TAM' day was last Thursday and we have made you an 'At a glance summary' so you can decide whether you want to learn more. 

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HMRC have just brought out another Agent Update together with Trusts and Estates Newsletter. We also have details of our new Virtual Tax Partner (VtaxP) Tax Workouts.

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We have something of an 'Employers' Special' this week, with a new Employer Bulletin from HMRC and an Employers What's new 2023-24 guide. There is something for everyone though, as we also have several new season guides for Landlords, Company Directors and other taxpayers.

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One potential way of tackling the current housing shortage in places like London and the South West is to make it more difficult for home owners to holiday let their properties through sites such as Airbnb or Vrbo. With demand for the ‘staycation’ showing few signs of abating, investor demand for lettable properties is driving up house prices. 

The government’s solutions to the problem include the introduction of a short-term let registration scheme and to make home owners apply for planning permission before letting. As the government itself notes, holiday letting spawns its own ‘ecosystem’ of local services, and therefore any measures will have to balance the needs of local employment with local housing.

  1. Nichola's SME Tax W-update 6 April 2023
  2. Nichola's SME Tax W-update 30 March 2023
  3. HMRC fails to score: Lineker outside IR35
  4. Keir Starmer's Income Tax returns explained
  5. Nichola's SME Tax W-update 23 March 2023

 

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