In Kandore Limited & 19 Others v HMRC [2021] EWCA Civ 1082, the Court of Appeal agreed that the First Tier Tax Tribunal (FTT) did not have the power to allow the taxpayers being investigated to participate in a hearing to approve third-party information notices. The legislation prevented it and a public hearing was not appropriate.
SME Tax News
The General Anti-Abuse Rule (GAAR) Advisory Panel has published details of three opinions covering employee rewards that use loans which found that the planning used was unreasonable.
HMRC have published a new policy paper, 'Tax debt, government lending schemes and Company Voluntary Arrangements (CVAs)' on the collection of tax debts from businesses as the support schemes from the pandemic start to wind down and the moratorium on company winding-up petitions comes to an end in September.
Applications for grants from the £375 million Future Fund: Breakthrough have opened. Not to be confused with an earlier 'Future Fund', this scheme is aimed at helping Research & Development (R & D) intensive companies bring new technologies to market.
HMRC have issued their Agent Update for July 2021. We have summarised the key content for you with links to our detailed guidance on the topics covered.
Hello,
The football is over, but if you think that you can relax a bit, not a chance! The first clauses for the new draft Finance Act for 2022 are due to be published on 20 July.
In Keith Fiander and Samantha Brower v HMRC [2021] UKUT 0156, the Upper Tribunal (UT) confirmed that Multiple Dwelling Relief was not available for the purchase of a detached house with an annexe.
In HMRC v Christian Peter Candy UKUT 0170, the Upper Tribunal (UT) allowed HMRC's appeal, finding an SDLT return could not be amended outside the standard 12-month window. It denied a multi-million-pound Stamp Duty Land Tax (SDLT) repayment.
Following recent concerns around how it works in certain circumstances, HMRC have now issued a set of Frequently Asked Questions (FAQs) for the Capital Gains Tax (CGT) online property reporting service.
In Diana Cuffie v HMRC [2021] TC08191, the First Tier Tribunal (FTT) dismissed the taxpayer’s appeal against failure to notify penalties in respect of the High-Income Child Benefit Charge.