In Anthony Ashbolt and Simon Arundell v HMRC & anor [2020] BTC 17, an application for judicial review over a decision that allowed HMRC to issue search and seizure warrants in respect of financial advisers who used a disguised remuneration scheme was denied. HMRC had good reason to issue the warrants due to the risk that that relevant evidence might be destroyed, concealed, fabricated, or that collusion might take place between the suspects and/or the scheme promoters.
SME Tax News
HMRC have published 'Electronic sales suppression - summary of responses'. This follows its 2019 consultation on Electronic Sales Suppression (ESS). ESS is a growing problem and it occurs where businesses manipulate electronic sales records, either during or after the point of sale, in order to hide or reduce the value of individual transactions.
Despite the COVID-19 lockdown continuing into July, it looks like being a busy month for businesses and their accountants with a long list of things to do before the end of the month.
HMRC have been contacting individuals with disguised remuneration loans to see if they wish to conclude settlement of their tax liabilities ahead of the loan charge deadline of 30 September 2020.
Missed our SME Tax Web-updates in June? Here is a summary of the month.
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The week the House of Commons published its own FAQ on both the coronavirus Job Retention Scheme (JRS) and the Self Employment Income Support Scheme (SEISS), both of these are definitely worth reviewing.
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.
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.