Can you ask Companies House to extend your filing deadline for company accounts? You can apply to extend your deadline if you cannot send your accounts because of an event that is outside of your control.
SME Tax News
HMRC have issued their latest Employment-Related Securities Bulletin which includes some useful tips. Here is our enhanced version with links to our guides.
Taxpayers entitled to a refund of amounts paid to settle a Disguised Remuneration (DR) scheme which fell out of the loan charge following the December 2019 independent review, must ensure their claims are with HMRC by 30 September 2021.
In George Mantides v HMRC [2021] UKUT 205, a hospital locum successfully challenged part of the First Tier Tribunal’s (FTT) reasoning in his ongoing IR35 appeal as to the terms of the hypothetical contract. The Upper Tribunal (UT) found that the FTT was not entitled, on the evidence, to make certain findings as to the notice periods and working hours.
In Heather Whyte v HMRC [2021] TC08215, the First Tier Tribunal (FTT) found that six building plots sold from the grounds of a listed mansion house had been appropriated to trading stock. No Capital Gains Tax (CGT) Private Residence Relief (PPR) was available.
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This week we take a closer look at the tax incentives provided to help us reduce our CO2 emissions. HMRC has a new Employer Bulletin, tax film schemes reach the Court of Appeal, and our tax conference tickets go on sale.
In Ingenious Games LLP & Ors v HMRC [2021] EWCA Civ 1180, the Court of Appeal (CA) overturned the ruling of the Upper Tribunal that the LLP film and video game tax scheme partnerships were not trading and undertaken with a view to profit, although the original claims for losses were still denied.
In Ladson Preston Limited, AKA Developments Greenview Limited v HMRC [2021] TC08197, the First Tier Tribunal (FTT) held that planning permission was not capable of satisfying the requirement of being "in the process of construction" in order for Multiple Dwellings Relief (MDR) to apply.
HMRC have published their Employer Bulletin for August 2021. We have summarised the key content for you, with links to our detailed guidance on the topics covered.
Proposed changes to the basis period rules, which are currently being consulted on, could result in some self-employed businesses being mandated into Making Tax Digital for Income Tax sooner than expected.