In HMRC v Tottenham Hotspur Limited [2017] UKUT 0453 (TCC), the Upper Tribunal (UT) considered whether termination payments to two football players (Peter Crouch and Wilson Palacios on their transfer to Stoke) should be subject to tax and NIC as earnings “from an employment” rather than under the special rules.
SME Tax News
The Government asked the Low Pay Commission to make recommendations for the National Minimum Wage rates such that they are set as high as possible without causing unemployment effects.
Following the Autumn Budget 2017, HMRC have published ‘Taxing gains made by non-residents on UK immovable property - consultation’. This follows the chancellor's announcement that non-resident capital gains tax will be extended to include all UK property.
The Treasury has published 'Financing growth in innovative firms: consultation response', a summary of responses to its patient capital consultation this summer. Respondents recommend more incentives to encourage patient capital investment, including removing connected party rules to encourage individuals to invest in their own enterprises.
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This week we have our usual concise and easy-to-follow freeview budget summaries. The devil is in the detail and the real Autumn Budget 2017 contains many more measures than those mentioned in the chancellor's speech.
The chancellor, Philip Hammond presented his Autumn 2017 Budget on 22 November 2017. This summary covers his key new tax announcements.
The chancellor, Philip Hammond presented his Autumn 2017 Budget on 22 November 2017. These are our highlights of his live speech.
HMRCs consultation, 'Draft legislation: The Income Tax (Pay As You Earn) Regulations 2017', in respect of car data reporting for payrolled benefits and changes to optional remuneration arrangements closed on 28 November 2017.