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SME Tax News

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?

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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.

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Condoc response: CGT: Private Residence Relief: changes to the ancillary reliefs

Last Updated: 30 August 2023

HMRC have published responses to the consultation, 'Capital Gains Tax: Private Residence Relief: changes to the ancillary reliefs' together with draft legislation as part of Finance Bill 2020.

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Derelict bungalow was not a dwelling

Last Updated: 30 August 2023

In P N Bewley Ltd v HMRC [2019] TC6951, the First Tier Tribunal (FTT) found that a derelict bungalow was unsuitable for use as a dwelling and was subject to the lower rate of stamp duty land tax (SDLT) for a non-residential building.

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Incompetent advice did not justify late appeal

Last Updated: 30 August 2023

In Mohammed Hafeez Katib v HMRC [2019] UKUT 189 the Upper tribunal (UT) held that the incompetence of an adviser did not justify a late appeal; they overturned a decision of the First tier tribunal allowing the late appeal.

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Off-payroll working rules from April 2020 Summary of Responses

Last Updated: 30 August 2023

HMRC published Off-payroll working rules from April 2020 Summary of Responses in response to its second consultation on the introduction of the new off-payroll working rules for workers working in the private sector.

Read more …

Subcategories

Archived SME tax news Article Count:  336

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