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SME Tax News

Married cohabitant gets death benefits from partners pension scheme

Last Updated: 30 August 2023

In Langford v Secretary of State for Defence 2019 EWCA Civ 1271 the Court of Appeal ruled that a cohabitant could claim her partner’s RAF pension death benefits despite being married to someone else.

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Lords question the Loan charge (again)

Last Updated: 30 August 2023

In a recent meeting of the House of Lords Economic affairs committee the Financial Secretary to the Treasury Jesse Norman MP was quizzed about the disguised remuneration loan charge.

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8 new tax promises on Boris' list

Last Updated: 30 August 2023

Eight new tax plans from the new UK prime minister, Boris Johnson. Number 5 is the most interesting for SME owners.

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Draft Registration of Overseas Entities Bill: Government Response

Last Updated: 30 August 2023

The government has now released its response to the draft legislation issued in 2018 for the creation, to take effect from 2021, of a register of beneficial owners of overseas entities owning UK property.

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HMRC own goal on late capital allowance claims

Last Updated: 10 October 2024

In HMRC v Dundas Heritable [2019] UKUT0208 the Upper tribunal agreed with the FTT; Schedule 18 of FA 1998 does allow a taxpayer to make late capital allowance claims if there is an open HMRC enquiry into the relevant tax return.

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High-Income Child Benefit Tax Charge: no excuse as penalties upheld

Last Updated: 30 August 2023

In HMRC v James Robertson [2019] UKUT0209 the Upper Tribunal held that failure to notify penalties were valid where the High-Income Child benefit charge applied; the charge counted as potential lost revenue.

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Company car tax to go down then up

Last Updated: 30 August 2023

The government has released the response to ‘Review of WLTP and vehicle taxes’ which sought evidence on the impact of a proposed change to the method of measuring CO2 emissions for Company car tax from April 2020.

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Nichola's SME Tax W-update 19 July 2019

Last Updated: 30 August 2023

Hello

This time we have an off-payroll working special, with a great new freeview guide. We look at the latest consultation outcomes, review some topical cases, there is more useful feedback on MTD for VAT and I have found that I was not operating my accounting software properly, were you?

Read more …

Tax Litigation largely successful for HMRC

Last Updated: 30 August 2023

HMRC has published a summary of its results in tax avoidance litigation over the past year. It has been in general very successful, but there is more behind the headlines.

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Protecting your taxes in insolvency: consultation response

Last Updated: 30 August 2023

The government has published a summary of responses to the consultation “Protecting your taxes in insolvency” alongside draft legislation to be included in Finance Act 2020.

Read more …

Subcategories

Archived SME tax news Article Count:  336

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