HMRC have warned employers that those using its template to upload their CJRS information should make sure the data are in the correct format. If not applications may be rejected.
SME Tax News
HMRC have published new advisory fuel rates for company car drivers which apply from 1 September 2020. Most remain unchanged from the rates applicable for the previous three months.
In HMRC v Parry and others [2020]UKSC 35, the Supreme Court found that a pension scheme transfer was not a transfer of value subject to IHT but not taking lifetime benefits from the scheme was.
In Sci-Temps Limited V HMRC TC07796, the First Tier Tribunal (FTT) allowed a company's appeal against a PAYE determination. HMRC had issued the determination under the wrong PAYE regulation and the employer took reasonable care.
Hello
This time, we have some updates for the self-employed, employers, agents and anyone with outstanding loan charge issues. For parents, we look at more 'reasonable excuses' for failing to declare High-Income Child Benefit Charge (HICBC) and we have our usual review of topical tax cases.
HMRC have issued the Agent Update for August/September 2020. We have summarised the key content for you with links to our detailed guidance on the topics covered.
In Legends Leisure Ltd V HMRC [2020] TC07795, the First Tier Tribunal (FTT) held that the three penalties totalling £600 and issued for failure to file three PAYE Real-Time Information (RTI) returns on time were valid.
Three recent First Tier Tribunal (FTT) decisions consider whether ignorance of the law is a reasonable excuse for failing to notify charges under the High Income Child Benefit charge.
HM Treasury has opened a consultation, ‘Cryptoasset promotions’ into a government proposal to bring the promotion of certain types of cryptoassets within the scope of financial promotions regulation. The proposal is intended to enhance consumer protection while promoting responsible innovation and views are sought up until 25 October.
HMRC have published their Employer Bulletin for August 2020. We summarise the key content for you, with links to our detailed guidance on the topics covered.