In Daine Stoney v HMRC [2025] TC09572, the First Tier Tribunal (FTT) allowed an application for a late appeal against HMRC assessments and closure notices.
SME Tax News
In Sayrun Lamuth v HMRC [2025] TC09578, the First Tier Tribunal (FTT) found that a taxpayer who did not understand the reporting requirements for her share of rental income had a reasonable excuse for the late payment of tax.
In Currys Retail Ltd v HMRC [2025] TC09562, the First Tier Tribunal (FTT) found that a degrouping charge arose on a company exiting a chargeable gains group.
HMRC have recently released several sets of statistics. We summarise some of the key points relating to non-doms, company cars, employee share schemes and charity tax reliefs.
HMRC have reported that Romania's Police’s Economic Crimes Investigation Directorate have arrested thirteen people in connection with phishing attacks on its systems, with British police arresting one more in Preston. They have been detained on suspicion of computer fraud, money laundering and illegal access to a computer system.
Hello,
There is something of an international theme to this week’s SME Tax Update, as our case summaries include issues such as the ‘place of effective management' of a trust, Business Investment Relief (BIR), and the UK Income Tax chargeability of a non-UK resident partner in UK-based Limited Liability Partnerships (LLPs).
The Senedd, the Welsh Parliament, has voted to introduce the Visitor Accommodation (Register and Levy) Etc (Wales) Bill. This could see a family of four paying an extra £36.40 for a week's hotel or B&B stay.
In Benoit d’Angelin v HMRC [2025] UKUT 00212, the Upper Tribunal (UT) found that the provision of a Director's Loan Account (DLA) was an extraction of value, such that Business Investment Relief (BIR) was not available.
In Mark Wallace v HMRC [2025] TC09563, the First Tier Tribunal (FTT) found that a non-UK resident partner in UK-based Limited Liability Partnerships (LLPs) was liable to Income Tax on their share of profits derived from UK trading activities with non-UK counterparties.
In Marlborough DP Ltd v HMRC [2025] EWCA Civ 796, the Court of Appeal (CoA) agreed with an earlier ruling made by the Upper Tribunal (UT), in which contributions made by a dentist to a Paul Baxendale-Walker remuneration trust were found to be 'in connection with' his employment.
