The tax bodies have made a second round of comments ahead of HMRC's Tax Agent Strategy consultation (TAS) deadline.
Archived SME tax news
New Self Assessment penalties for late returns and late affect returns for 2010/11 which are shortly becoming due.
In Cheshire Employer Skills and Development Ltd v HMRC [2012] EWCA Civ1429 the Court of Appeal ruled that lump sum motoring allowances paid to staff did not constitute earnings for NICs.
The Treasury has announced that the Chancellor will deliver his Autumn Statement on Tuesday 29 November 2011.
- This summarises the changes introduced to the Furnished Holiday Letting regime by the 2011 Finance Act.
A new CIS penalty regime applies from 6 October 2011.
HMRC has recently updated its guidance on legal title and beneficial ownership of jointly held property. We have summarised the position below:
Accountants Deloitte noted that HMRC issued a VAT Brief that gives their views on ‘unjust enrichment’ refunds and ‘not for profit’ sports clubs.
The Office of Tax Simplification is considering whether there is any merit in the introduction of some form of disincorporation relief in a new discussion paper: "Disincorporation of small companies".
The Office of Tax Simplification (OTS) has published two discussion papers on small business taxation as part of its ongoing review process.
"A simpler income tax for the smallest businesses: a discussion paper", looks at how income tax may be simplified for the smallest business.