HMRC have released guidance on the new rules for non-resident companies owning UK property and when they move from income tax to Corporation Tax in April 2020.
SME Tax News
Hello,
As we approach the Self Assessment (SA) filing deadline, we are featuring some key guides to answer your last-minute tax queries. We feature our latest Private Client Update which is packed full of essential reading and recent cases.
A round-up for subscribers of the latest developments in tax for private clients, covering Income Tax, Capital Gains Tax (CGT) and Inheritance Tax (IHT).
Missed our SME Tax Web-updates in December? Here is a summary of the month.
Following the release of the report on the review of the loan charge in December, HMRC have now issued draft legislation to implement the proposed changes to the charge and updated guidance notes.
Hello,
In this time’s web-update we feature guides that aim to answer your last minute tax FAQs for Self Assessment (SA), carelessness by agents and, the Upper Tribunal (UT) finally resolves an important question: does a notice to file a SA return have to be issued by a human?
In HMRC v John Hicks [2019] UKUT0040, the Upper Tribunal (UT) allowed HMRC’s appeal. It found there had been carelessness on the part of the taxpayer's adviser so the discovery assessments raised were in time after all.
In HMRC v Nigel Rogers and Craig Shaw [2019] UT 0406, the Upper Tribunal (UT) decided that a section 8 notice to file a return does not have to be issued by an identified “flesh and blood” officer of HMRC. The UT also provided guidance to the FTT on how to address any future concerns that it has on the validity of s.8 notices.
HMRC has published its most successful tax fraud prosecutions for 2019. During the year 600 people were convicted and around £5bn was recovered through civil and criminal investigations.
In Angela Salazar v HMRC [2019] TC7398, the First Tier Tribunal (FTT) allowed an appeal against employment intermediary return late filing penalties. They were raised against the wrong person and the taxpayer had a reasonable excuse.