HMRC have issued special Christmas/New Year instructions to employers in respect of PAYE Real-Time Information (RTI) filing.
SME Tax News
In Executors of the Late Sheriff Graham Loudon Cox vs HMRC [2020] TC07919, the First Tier Tribunal (FTT) dismissed the taxpayer’s appeal for Business Property Relief (BPR) on a holiday lettings business finding that there was nothing exceptional about the business to elevate it beyond being one of mainly investment.
Hello,
We have already had a busy week putting through the updates on the Coronavirus Job Retention Scheme (CJRS) and adding other new COVID-19 announcements, now today, we have news of further extensions to the different funding schemes.
In Opus Bestpay Limited v HMRC [2020] TC5530, a company claiming to be a ‘back-office’ for a Contractor Loan tax scheme was found to be a scheme promoter.
In Umesh Gadhavi v HMRC [2020] TC07890, the First Tier Tribunal (FTT) upheld HMRC's information request to produce bank statements under Schedule 36 FA 2008 finding that the taxpayer could not provide a valid reason as to why the request should not be fulfilled.
In John Lancashire, Timothy Lee, Mark Johnson v HMRC [2020] TC7884, the First Tier Tribunal (FTT) rejected a claim to take credit for the PAYE that should have been deducted by an employer against income Tax assessments made in respect of a failed tax scheme. The Transfer of Assets abroad provisions trumped the PAYE rules and HMRC's assessments were valid.
In Hamish Taylor v HMRC [2020] TC07893, a claim for travel and subsistence by a sub-contractor failed on the basis that his home was not his base of operation.
Missed our SME Tax Web-updates in October? Here is a summary of the month.
HMRC have released guidance in respect of making repayments of sums received through the Eat Out to Help Out scheme.
HMRC’s latest Employment-Related Securities Bulletins focus on the impact of COVID-19 on employee share and incentive schemes. Here is our enhanced version.