Stamp Duty Land Tax (SDLT) does not apply to land transactions in Wales from 1 April 2018.
SME Tax News
HMRC has advised that EU State Aid approval for the Enterprise Management Incentive (EMI) scheme expires on 6 April 2018 and whilst the government has applied to the European Commission for fresh approval, it will not be received before 6 April 2018.
In Sippchoice Limited v HMRC [2017] TC06378, the First Tier Tribunal (FTT) confirmed that a contribution ‘in specie’ paid into a SIPP in satisfaction of a monetary obligation amounted to a payment and so was allowable for Income Tax.
In HMRC v Stephen West [2018] UKUT 0100 the Upper tribunal (UT) held that the director of an insolvent company was personally liable for PAYE and NICs on a bonus paid to clear his loan account before company went into liquidation.
HMRC have now published a response to their consultation ‘Large Business compliance – enhancing our risk assessment approach’.
In MDCM v HMRC [2018] TC 6400 IR35 did not apply; MDCM’s contractual arrangements were such that its primary employee did not have to be treated as an employee of the ultimate contracting company, he was skilled and experienced and given autonomy in how he undertook his work.
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This time we feature end of tax year and new tax year planning guides and updates.
In William Tinkler v HMRC [2018] UKUT 0073 the Upper Tribunal (UT) decided that a copy of notice of an enquiry under section 9A TMA 1970 sent to a tax agent was validly served on a taxpayer.
- Use of online platforms to ensure tax compliance: call for evidence
- Allowing Entrepreneurs' Relief on gains before dilution: a consultation
- Nichola's SME Tax W-update 23 March 2018
- Financing growth: EIS knowledge-intensive fund consultation
- Extending tax relief for self-funded training: a consultation
- Side-ways loss allowed for holiday villa