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In Luca Delivery Limited v HMRC [2023] TC8752, the First Tier Tribunal (FTT) heard an appeal against a reclaim of a cash grant paid under the Coronavirus Job Retention Scheme (CJRS). It found that failure to meet the scheme conditions was due to a mistake by the taxpayer’s accountants and that was no defence. It did not allow the claim to be validated.

Hello,

This week we have our take on yesterday's Budget, news of new consultations, updates on our toolkits and some more topical case updates.

The Chancellor, Jeremy Hunt, made his Spring Budget 2023 speech on Wednesday 15 March. Highlights of the speech include a proposal to allow companies to expense Capital Allowances and to abolish the pension Lifetime Allowance. Further key announcements for Small and Medium Sized Entities (SMEs) and their owners are below.

The Chancellor, Jeremy Hunt make his 2023 Budget speech at 12.30 today. Live highlights of his speech will follow here. Further details will be published by the government online via HMRC and Treasury channels following the speech. 

Hello,

This week we continue to explore optimising owner-director remuneration, we look at business start-ups, whether you are trading or acting as a landlord, and we have some new tax guides for pubs and brewers, new VAT briefs, further updates, tax cases and news.

In Muller UK & Ireland Group LLP & Ors v HMRC [2023] TC08742, the First Tier Tribunal (FTT) held that a Limited Liability Partnership (LLP) was related to all of its corporate members despite not being a 'company'.  As a consequence, the relief claimed for the amortisation of Intellectual Property (IP) acquired from those companies was denied.

  1. Nichola's SME Tax W-update 2 March 2023
  2. Pay Self Assessment tax by 3 March to avoid penalties
  3. Nichola's SME Tax W-update 23 February 2023
  4. Nichola's SME Tax W-update 16 February 2023
  5. Nichola's SME Tax W-update 9 February 2023

 

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