A case on interpreting penalty notices can be found in Spring Capital Limited v HMRC [2017] UKUT 0215 (TCC) where the Upper Tribunal (UT) had to decide whether a penalty notice extended the time limit for supplying information.
SME Tax News
HMRC have updated the terms and conditions for direct debit agreements relating to VAT payments: if your direct debit is inactive for 13 months, it will automatically be cancelled under the Dormancy Period rules.
HMRC have agreed to continue to participate in a trial of VAT ruling requests for complex cross-border transactions until 30 September 2018.
The European Parliament have voted heavily in favour of amending the EC Directive 2006/112/EC, which is the leading law for VAT across Europe, to grant all Member States the right to treat electronically supplied publications in the same way as printed publications.
In David Benton, Steve Jackson, Paul Hudson v HMRC [2017] participants in tax schemes tried to bar HMRC from their penalty appeals on the basis that Follower Notices were invalid.
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Now that the election is over, we can look forward to a mini-budget and another finance bill to legislate all those things that were missed off the last Finance Act. We expect the undoing of what was originally billed as a triple lock on income tax, VAT and NICs and also more 'stealth taxes' (penalties).
The Pensions Regulator has netted more than £6 million in fines following compulsory pensions auto-enrolment for employers.
The Uber taxi business' UK VAT affairs are coming under close scrutiny. Jolyon Maugham QC is challenging Uber London Ltd in the High Court on the fact that he considers that the company should have issued him with a VAT receipt for his journey.