In Tim Norton Motor Services v HMRC [2020] TC7973, the fact that a Maserati and Ford GT40 had a Statutory Off-Road Notice (SORN) and management permission was required for any private use, were not sufficient as restrictions to prevent private use and a taxable car benefit applied.
SME Tax News
HM Treasury has published ‘Small Brewers Relief (SBR): technical consultation’. The consultation calls for further industry input on technical issues surrounding the first and second-stage reviews.
In Cartref Care Home Ltd & Ors, R (on application of) v HMRC [2020] EWCA Civ 1744, the Court of Appeal refused permission to appeal against a judicial review that found that the imposition of the loan charge on outstanding loans did not breach the Human Rights Act 1998.
HMRC have concluded their consultation entitled 'Supporting veterans' transition into civilian life through employment' and released both comments and draft legislation for further consultation.
In HMRC v Andreas Rialas [2019] UKUT 0140, the Upper Tribunal (UT) dismissed an appeal by HMRC, finding the Transfer of Assets Abroad rules did not apply to dividend income as Mr Rialas was not the transferor, or sufficiently involved in the transfer, of shares acquired from his former business partner by his family trust.
Our 2020 Evil Quiz lived up to its reputation. Noone managed to answer all the questions correctly. To put you out of your misery, here are the answers. Our winner will be added later.
Happy New Year everyone,
We hope that you all had a relaxing break. Although we are starting 2021 in our third national lockdown, we hope to provide you with as much support and assistance as we can.
In Fortune Foods UK Limited v HMRC [2021] TC07952, 'ignorance of the new law' was not accepted as a reasonable excuse for late filing of a Soft Drinks Industry Levy return.
In Development Securities plc & Others v HMRC [2020] EWCA Civ 1705, the Court of Appeal (CA) upheld the First Tier Tribunal's (FTT) decision that Jersey subsidiaries were UK resident due to the control exerted by the UK parent company.
HM Treasury is asking for representations ahead of Budget 2021, which will be held on 3 March 2020.