HMRC have published 'UK charity tax statistics commentary: April 1990 to April 2020'. The statistics release is the annual update of reliefs claimed by charities and individuals following a charitable donation.
SME Tax News
Missed our SME Tax Web-updates in February? Here is a summary of the month.
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This week we bring some good news if you were unable to settle your 31 January Self Assessment liability by 28 February. There'll be no 5% late-payment penalty as long as you pay by 1 April 2021. We have another warning on more phishing emails, new VtaxP toolkits, updates for landlords (including non-resident landlord companies), and a review of what's been happening in the courts.
HMRC have published ‘Self-Employment Income Support Scheme statistics: February 2021’. It shows that 2.2 million (65%) of the potentially eligible self-employed population had claimed on the Scheme.
In HMRC v Atholl House Productions Limited [2021] UKUT 0037, the Upper Tribunal (UT) upheld the First Tier Tribunal's (FTT) decision that the TV and radio presenter, Kaye Adams, was an independent contractor and not caught by IR35.
If you are self-employed then you should be careful not to click on any phishing emails. The following email was received on Monday has the header, 'Your Self-employed Grant for March 2021 has been Approved.'
HMRC have published new advisory fuel rates for company car drivers which apply from 1 March 2021. Most remain unchanged from the rates applicable for the previous three months.
The Supreme Court has confirmed that Uber's drivers are workers and not self-employed. The taxi-tech business failed to persuade judges that it acted merely as an agent when it supplied enabling technology to the drivers via its App as it exerted such complete control over the way in which the driver worked.
HMRC have announced that Self Assessment taxpayers will not be charged the usual 5% late payment penalty provided that they pay their tax or set up a payment plan by 1 April 2021.
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We have a great range of news and updates this week. Ignoring the Coronavirus for a minute, it is a time of big changes in tax.