In Heacham Holidays Limited v HMRC [2020] TC07883, the First Tier Tribunal (FTT) upheld fixed penalties imposed by HMRC for the late-filing of the taxpayer's Annual Tax on Enveloped Dwellings (ATED) return but discharged the daily penalties imposed as they were issued retrospectively without notice.
SME Tax News
The government has published ‘Corporate Liability for Economic Crime Call for Evidence: Government Response’, three years after the original consultation ended.
HMRC have issued special Christmas/New Year instructions to employers in respect of PAYE Real-Time Information (RTI) filing.
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.