On 1 December 2017, HMRC published the response to its “Taxation of employee expenses call for evidence", which closed on 10 July 2017.
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Scotland has set income tax rates for 2018-19, there will be 5 tax bands with a basic rate of 19% and an additional (higher) rate of 46%.
Following the Autumn Budget 2017, HMRC have issued new consultations and also responded to old ones.
On 1 December 2017, HMRC published a summary of responses to their consultation “Tackling offshore tax evasion: A requirement to notify HMRC of offshore structures", which closed on 27 February 2017.
The EU have released draft changes to the VAT Directive which simplify VAT for micro businesses, introduce Mini One Stop Shops for distance sales, and bring further changes for online market places.
In Muhammed Hafeez Katib v HMRC [2017] TC06149 the First Tier Tribunal (FTT) permitted an out of time appeal due to the taxpayer’s reliance on an incompetent adviser. The case was overturned by the Upper Tribunal in July 2019.
In HMRC v Benham (Specialist Cars) Limited [2017] UKUT 0389 (TCC) the Upper Tribunal (UT) confirmed that HMRC needed to issue a discovery assessment (allowing losses to be utilised) when a provisional claim to rollover relief lapsed.
HMRC have published Making Tax Digital for Business: Survey of small businesses and landlords, the results of research conducted in 2016 with 2,900 businesses and landlords, regarding Making Tax Digital (MTD) for business.
- Rent A Room relief - call for evidence
- HMRC extends online registration deadline for existing trusts
- VC advance assurance: condoc response
- Nichola's SME Tax w-update 8 December 2017
- Simplifying the Gift Aid donor benefit rules: response to the further consultation
- Overseas businesses to register for CIS