In Ian Moan v HMRC [2022] TC08449/V, the First Tier Tribunal (FTT) considered the deadline for opting out of auto-enrolment when an employer had provided incorrect information to the employee, who had consequently lost pensions fixed protection.
SME Tax News
HMRC have named two tax avoidance scheme promoters under new powers granted to them by Finance Act 2022.
Happy New Tax Year
We start the year with a packed update containing some really useful new guides and updates to assist you in the preparation of tax returns, payroll and to fullfilling essential Continuing Professional Development (CPD) requirements. We ask whether HMRC is calling time on payroll umbrella providers, and what it means to be non-domiciled for tax purposes?
Properties subject to the Annual Tax on Enveloped Dwellings (ATED) charge must be revalued every five years. The next revaluation date is 1 April 2022.
In Jack George Yerou and Panayiota Yerou v HMRC [2022] TC08410/V, the First Tier Tribunal (FTT) allowed an appeal against Schedule 36 information notices. The information requested was not reasonably required as it was unlikely to bring an end to the underlying tax dispute.
In The Wakelyn Trust v HMRC [2022] TC8375, the First Tier Tribunal (FTT) denied a deduction for enhancement expenditure for the value of releasing a lessee from a lease. No expenditure had been incurred.
Missed our SME Tax Web-updates in March? Here is a summary of the month.
In Peter Lowe & Civic Environmental Systems Ltd v HMRC [2022] UKUT 00084, the Upper Tribunal (UT) dismissed the appellant's claim to deduct enhancement expenditure incurred by his company when calculating the gain on a property disposal. There was no evidence the payments were made on his behalf.
Hello,
As we approach the end of another tax year we have some useful guides for employers, while my top picks for this week's essential reading include our Capital Allowances 'What's new' and 'Working from home' update, which looks at some of HMRC's new guidance and examples.
In HMRC v NCL Investments Limited and another [2022] UKSC9, the Supreme Court found that the costs of issuing share options through an Employee Benefit Trust (EBT) were deductible under specific accounting rules, despite the fact that the costs had been recharged around group companies.