Highlights: First-time buyers have until 29 October 2019 to make a claim for repayment. HMRC updates its guidance on 'garden and grounds'. HMRC reviews its anti-avoidance guidance following Project Blue.
SME Tax News
Confused, bemused, past caring? What the fuss is all about: what might the eventual Brexit look like? We compare the latest 'deal' with how other countries have structured their relationship with the European Union.
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This time, new VAT announcements, uncertainty over new budget date, capital allowances on shared communal areas, an employer briefing and lots of updated guides.
HMRC have announced that any businesses needing to update particularly complicated or legacy IT systems can apply for an extension to the 2020 deadlines for complying with the digital links requirements under Making Tax Digital for VAT (MVD) .
HMRC have published their Employer Bulletin for October 2019. We summarise the key content for you, with links to our detailed guidance on the topics covered.
The government set out its future plans in the Queen's Speech this week. Due to the current political uncertainties there is no certainty about the progression of 26 bills announced. The legislation was dominated by Brexit-related topics.
In Aozora GMAC v HMRC [2019] EWCA Civ 1643 the Court of Appeal agreed that the taxpayer did not have a legitimate expectation that it could rely on HMRC’s published guidance; the degree of unfairness and detriment suffered from the change in the guidance was not sufficiently high.
It is being reported that Justice Secretary, Robert Buckland has said that plans to introduce a new probate fee banding structure, originally proposed in 2017 but delayed then revived in 2018, have been dropped altogether as the policy is not 'fair and proportionate'.
In Hora Tevfik v HMRC [2019] TC07383 the First Tier tribunal denied claims for capital allowances on the communal areas of HMO properties and found a discovery assessment valid despite oddities in the return.
In Foster v R&C Commrs UKUT0251 (LC) the Upper Tribunal Lands Chamber partly allowed an appeal against a valuation for IHT purposes of land with development potential; HMRC’s approach was correct but the resulting value was too high.