In Shaun McCumiskey v HMRC [2022] TC08459, the First Tier Tribunal (FTT) upheld the appeal against a discovery assessment regarding a fraudulent SEIS claim made by a sub-agent, deciding that as the appellant had not authorised the sub-agent, they were not acting on his behalf, and as such the discovery conditions were not met.
SME Tax News
HMRC have issued their Agent Update for April 2022. We have summarised the key content for you with links to our detailed guidance on the topics covered.
Hello
It’s been a quiet week in terms of tax news; we have a new HMRC Employer Bulletin and new VAT scale charges for the new year. We have been continuing to update our key guides for the new tax year, and we feature a few more this time.
Senedd Committees have expressed concerns over government modifications to the Welsh Tax Acts etc. (Power to Modify) Bill. Primary concerns include constitutional issues and retrospective aspects of the proposals.
HMRC have published their Employer Bulletin for April 2022. We have summarised the key content for you, with links to our detailed guidance on the topics covered.
In Sally Judges (as representative for the late R Young) v HMRC [2022] TC08408, the First Tier Tribunal (FTT) found that changes to top slicing relief introduced by Finance Act 2020 were not retrospective in their effect.
In Hippodrome Casino Ltd v HMRC [2022] TC8441, the First Tier Tribunal (FTT) allowed the standard method of attributing VAT between taxable and exempt supplies to be replaced by an alternative method. Attribution of Input VAT relating to premises costs was allowed based on utilised floorspace.
The government has published its response to its consultation ‘Corporate re-domiciliation’ which explores whether there is a need to make it easier for foreign-incorporated companies seeking to relocate to the UK to change their place of incorporation to the UK.
Hello,
This week we launch new tax calculators, we have four topical cases, and a range of new and updated materials to help you stay on top of your game, in tax.
In Jonathan Oppenheimer v HMRC [2022] TC08443, the First Tier Tribunal (FTT) ruled that a non-UK domiciled individual was 'treaty resident' in South Africa despite long term residence and business interests in UK. As a result £20m of funds transferred to the UK were not 'remittances' and as such not subject to UK tax.