HMRC have agreed new fraud prevention measures with the tax bodies in order to verify a caller's ID when an HMRC employee contacts a tax agent.
SME Tax News
Scottish Income Tax Rates for 2018-19 were announced during the Scottish Budget on 15 December 2017 but have already been increased.
In John Hicks v HMRC [2018] TC06301, the First Tier Tribunal (FTT) held that HMRC did not meet the criteria for a discovery assessment when they tried to restrict the use of losses carried forward from a year under enquiry.
In Alan Nicholson v HMRC [2018] TC06293, the tribunal disallowed a sole trader's payments made to and on behalf of his son as wages, whilst at university: the expenditure was not wholly and exclusively incurred
Hello
As a change from income tax self assessment, we have various cases and updates on the VAT side for you this week together with analysis of a long awaited Upper Tribunal decision on MSC providers, and we are also looking at year end tax planning.
In Christianuyi Limited & Others v HMRC [2018] UKUT10 the Upper Tribunal agreed that a Managed Service Company (MSC) Provider was ‘involved’ with the taxpayers' personal service companies and was subject to the MSC rules.
The Chancellor has written to the Office for Tax Simplification (OTS) requesting they carry out a review into the Inheritance Tax (IHT) regime. This follows HMRCs published report on IHT reliefs.
In Hadee Engineering Co Ltd v HMRC [2017] TC06272, the First Tier Tribunal (FTT) ordered a closure notice issued where the taxpayer had provided all the information available in respect of its claim for Research and Development tax credits.