HMRC have published a call for evidence, ‘The role of platforms in ensuring tax compliance by their users’, which seeks information on how online platforms could be used to help users deal with their tax obligations.
SME Tax News
HMRC has published a consultation, ‘Financing growth in innovative firms: allowing Entrepreneurs’ Relief on gains made before dilution’, which looks to protect ER claims for shareholders whose holding is diluted due to fundraising.
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This time we have a very handy new guide to Double Tax treaties and completing the Foreign pages of the Self Assessment return.
HMRC have published another consultation related to Patient Capital, 'Financing growth in innovative firms: Enterprise Investment Scheme knowledge-intensive fund'.
HMRC have published a new consultation, ‘Taxation of self-funded work-related training: Consultation on the extension of tax relief for training by employees and the self-employed’.
In Jonathan Beacon v HMRC [2018] TC6362 a NHS consultant’s claim for side-ways loss relief on the costs of running his Tuscan Villa as a business were allowed by the FTT. Whilst HMRC tried to argue that there was no business, it was shown that the letting business did operate commerically, it had just been badly affected by the 2008 financial crisis
The government have published a call for evidence, ‘ VAT, Air Passenger Duty and Tourism in Northern Ireland’, which is seeking evidence on the impact of VAT and Air Passenger Duty (APD) on tourism in Northern Ireland.
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The Chancellor kept to his word this week and did not turn his Spring Statement into a mini-budget.