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SME Tax News

Increase in tax receipts down to COVID VAT deferral scheme

Last Updated: 09 August 2023

HMRC have published statistics showing a 23% increase in tax and National Insurance receipts for the period to 31 March 2022 compared to the period to 31 March 2021. 

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HMRC errors scupper discovery assessments

Last Updated: 09 August 2023

In Caroline Sweby v HMRC [2022] TC08453, the First Tier Tribunal (FTT) refused HMRC’s attempt to extend time limits to serve their statement of case. HMRC had failed to follow the correct procedures and were time-barred from pursuing their appeal.

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Late appeal allowed due to EIS fraud

Last Updated: 09 August 2023

In J Huntly v HMRC [2022] TC08466, the First Tier Tribunal (FTT) accepted that the delay to the filing of a late appeal was justified due to fraud, COVID-19 and working on offshore rigs. With the late appeal allowed, the case will be joined with nine other victims of Capital Allowances Consulting Limited (CAC).

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Failing to file not deliberate for discovery purposes

Last Updated: 09 August 2023

In Robert Don Hunter Dougan v HMRC [2022] TC8471, the First Tier Tribunal (FTT) ruled the taxpayer had not deliberately intended to bring about a loss of tax despite failing to file tax returns on time. This meant some discovery assessments had not been validly issued. The remaining discovery assessment was upheld.

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Trusts and Estates: What’s New May 2022

Last Updated: 09 August 2023

HMRC's latest Trusts and Estates newsletter contains some useful information. Here is our enhanced version. 

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SME Tax Monthly Summary April 2022

Last Updated: 09 August 2023

Missed our SME Tax Web-updates in April? Here is a summary of the month.

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Nichola's SME Tax W-update 28 April 2022

Last Updated: 09 August 2023

Hello

We have some stunning new content this week for you, including new online calculators and indispensable new tax planning guides. We also have another HMRC Agent Update, we have two IR35 appeals and the curious case in which HMRC was unable to make a discovery assessment because the agent filing the tax return was not authorised by the taxpayer.

Read more …

Kaye Adams: IR35 rules outfox Upper Tribunal

Last Updated: 09 August 2023

In HMRC v Atholl House Productions Limited [2022] EWCA Civ 501, presenter Kaye Adam's IR35 case has been remitted back to Upper Tribunal (UT) by Court of Appeal (CoA). The CoA found that the First Tier Tribunal (FTT) and UT had both erred in considering relevant case law and the terms of the contractual relationship between Ms Adams and the BBC.

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TalkSPORT presenter’s IR35 appeal kicked out

Last Updated: 09 August 2023

In Kickabout Productions Limited v HMRC [2022] EWCA Civ 502, the Court of Appeal agreed that a TalkSPORT presenter, Paul Hawksbee was an employee subject to IR35. There was sufficient mutuality of obligation and control and any other factors considered added little to the case.

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Elite fraud squad to track COVID lost billions

Last Updated: 09 August 2023

The Chancellor, Rishi Sunak, has announced that £25 million will be spent on a new Public Sector Fraud Authority (PSFA) taskforce that will enlist an elite team of experts to crack down on fraudsters who took advantage of the government's Covid support schemes.

Read more …

Subcategories

Archived SME tax news Article Count:  336

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What's new?

  • SME Tax Update 11 June 2026
  • Official government AI chatbot to answer tax queries
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  • HMRC's new and improved agent webchat service
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  • SME Tax Update 4 June 2026
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  • Employment-Related Securities Bulletin 66: May 2026
  • SME Tax Update 28 May 2026
  • Client communication: VAT reduction for children's meals, tickets and family attractions
  • Statutory Payments: Employer's guide
  • Agent Update 143 May 2026
  • Increase to mileage rates marks first change in 15 years
  • Advisory fuel rates from 1 June 2026
  • VAT temporarily reduced for children's meals, tickets and family attractions
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