SME Tax News

A new report, 'Levelling Up and Zeroing In', by the Centre for Policy Studies says the Government can level up and decarbonise the economy simultaneously by introducing a carbon border tax, alongside a selection of other policies. 

What are the wider impacts of HMRC's late filing and late payment penalty waiver for 2020-21 Self Assessment returns?

The Public Accounts Committee (PAC) has issued a Call for Evidence on 'Lessons from implementing IR35 reforms'. With the reforms now taking effect in more sectors, the Committee will question senior officials at HMRC on what lessons have been learned from the public sector implementation of the IR35 reforms and seeks views from those affected.

The government have published a consultation 'Technical consultation: Uncertain tax treatment', which invites responses in relation to newly drafted HMRC guidance for the Uncertain Tax Treatment legislation which will come into effect on 1 April 2022.

In Ardeshir Naghshineh v HMRC [2022] EWCA Civ 19, the Court of Appeal dismissed a farmer’s sideways loss relief claims. The case should have failed for lack of evidence but in any event, based on the evidence which was available, the reasonable expectation of profit test was not met.

The government has published its response to the 2018 consultation ‘Business rates treatment of self-catering accommodation’ which considered options to strengthen the criteria for holiday lets to be liable for Business Rates. 

In Coyles Millar v HMRC [2021] TC08355, the First Tier Tribunal (FTT) found that a four-year time limit applies to repayments of overpaid Machine Games Duty (MGD).