Hello,
We cover a broad range of topics this week, from Airbnb to freeports, as COVID-19 continues to dominate the news. A massive apology for the earlier link failures in this piece. They all work now.
SME Tax News
HMRC have published their Employer Bulletin for October 2020. We summarise the key content for you, with links to our detailed guidance on the topics covered.
In Simply Learning Tutor Agency & Others v BEIS [2020] EWHC 2461, the High Court found that online tutor introduction agencies are employment agencies although they only supply self-employed tutors.
A research report, ‘Tax Advantaged Share Schemes 2019’ was commissioned by HMRC on the uptake of Employee Tax Advantaged Share Schemes (ETASS) in order to understand employer, employee and intermediary perceptions about these schemes and their experiences of using them.
The government has published ‘Freeports, Response to the Consultation’, as it continues to develop one of its flagship policies on the creation of new freeports in England.
HMRC have been making recalcations for Top Slicing Relief. Some taxpayers now need to submit an amended 2018-19 tax return to benefit from these changes.
HMRC have agreed that daily penalties will not be charged for taxpayers who have been late in filing their 2018-19 tax returns due to COVID-19.
Hello,
It is about time for a Directors' tax planning update, and this what we bring you this week. As usual it is packed full of really useful material and case summaries including a summary of COVID-19 measures.
This content is for paid subscribers only.
In John Walter Boulting & Others v HMRC [2020] EWHC 2207, a clearance for a purchase of own shares was declared void by HMRC. The company had valued the shares at "materially greater than market value" and not disclosed this. A claim for judicial review failed.