In John Carlisle Allen v HMRC [2016] TC05100, the First Tier Tribunal (FTT) decided that grazing land qualified as a business asset as the taxpayer occupied and farmed the land
Input VAT: importance of a valid invoice
In Gradon Construction Limited v HMRC [2016] TC04935 input tax credits were refused as invoices were not valid for VAT and there was insufficient additional supporting evidence.
CIS: ignorance is bliss?
In Eric Donnithorne v HMRC [2016] TC05017 a liability under the Construction Industry Scheme (CIS) was discharged as it was reasonable that the taxpayer did not realise he had any obligation to make deductions.
Realised & distributable profits: ICAEW update
The ICAEW / ICAS have released some proposed amendments to "TECH 02/10 Guidance on realised and distributable profits under the Companies Act 2016".
Consultation: tips, gratuities & service charges
The Government has launched a consultation on the treatment and transparency of tips, gratuities, cover and service charges.
PAYE/RTI penalties: 3 day grace period extended
HMRC is continuing its RTI penalty concession. Employers have an extra three days to report their payrolls online...until 2017.
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