In Aqeela Hashmi v HMRC [2020] TC7715, the First Tier Tribunal (FTT) dismissed claims for Private Residence Relief for three properties sold in three consecutive years. The occupation of the properties did not have sufficient permanence or continuity for relief to apply.
SME Tax News
In Narinder Sambhi v HMRC [2020] TC7717, a construction worker's claim for tax relief on travel and subsistence allowances were rejected by the First Tier Tribunal (FTT). The journeys to and from sites around London area were no different in substantial effect to each other and were just ordinary commuting.
The House of Commons has published a briefing paper, ’FAQs: Coronavirus Job Retention Scheme’ which answers 48 common questions on how the scheme works, who is eligible, how to deal with different circumstances and the employment law aspects of furloughing employees.
HMRC have published their Employer Bulletin for June 2020. We summarise the key content for you, with links to our detailed guidance on the topics covered. Where these have been included in previous HMRC updates we have linked to our guides on those updates rather than duplicate content.
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We have an unusual mix of news and articles this week covering further coronavirus support measures, negligence claims in failing to mention Capital Gains Tax (CGT) planning opportunities on a business disposal, PAYE assessments made on directors instead of their employers and, new subscriber guides for beta testing.
In Ahmed Adiatu & Independent Workers Union of Great Britain (IWGB) v HM Treasury [2020] EWHC 1554, an Uber driver and his union made an unsuccessful claim for a judicial review of the government’s COVID-19 support measures for lower-paid workers.
The deferral of VAT payments under the government’s COVID-19 support package ends on 30 June 2020. Businesses who have taken advantage of this must remember to reinstate their VAT direct debits in time for their first post 30 June VAT payment date.
In Shamir Pravin Budhdeo, Amarjit Singh Hundal & Joshy Mathew v HMRC [2020] TC7679, the First Tier Tribunal (FTT) denied appeals by directors against regulation 72 assessments for unpaid PAYE. The amounts were earnings, the directors knew the company could not pay the PAYE and NICs and the failure to deduct was wilful.
The Public Accounts Committee (PAC) has recently opened an inquiry into the UK's management of ‘tax expenditures’ and tax reliefs provided for certain activities or goods, an area it has kept under review for the last ten years.
In Hugh McMahon v Grant Thornton UK LLP [2012] CSOH 50, a firm of chartered accountants were not found to be negligent in failing to recommend some Entrepreneurs’ Relief planning in the event of a share sale. Such ad hoc advice was not listed within the scope of their personal tax compliance services and had not been requested by the client.