Hello
This week we have a mixed bag with a new guide for brewers, microbrewers and gin makers, updates to several of our capital allowance guides, some interesting cases and latest Coronavirus tax news.
COVID-19: HMRC contacts 3,000 employers about CJRS compliance
HMRC have started the next phase of compliance activity on the Coronavirus Job Retention Scheme (CJRS). It has written to around 3,000 employers it believes may have been overpaid. A penalty and tax liability could arise if any overpayment is not repaid in time and there is a failure to notify HMRC about it.
SME Tax Monthly Summary August 2020
Missed our SME Tax Web-updates in August? Here is a summary of the month.
Nichola's SME Tax W-update 21 August 2020
Hello
This time, we have some updates for the self-employed, employers, agents and anyone with outstanding loan charge issues. For parents, we look at more 'reasonable excuses' for failing to declare High-Income Child Benefit Charge (HICBC) and we have our usual review of topical tax cases.
HICBC: Can ignorance ever be a reasonable excuse?
Three recent First Tier Tribunal (FTT) decisions consider whether ignorance of the law is a reasonable excuse for failing to notify charges under the High Income Child Benefit charge.
DIY claim date decided by certificate of completion
In Carl Sansom v HMRC [2020] TC07684, the First Tier Tribunal (FTT) held that HMRC cannot refuse to accept the certificate of completion as primary evidence of the property’s completion and the appeal was allowed.
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