HMRC have released additional guidance explaining how taxpayers using employment related disguised remuneration schemes can pay their loan charge direct.
SME Tax News
Recent experiences with the HMRC Stamp Office suggest that it is struggling to keep up with the current volume of transactions following recent changes to the SDLT filing and payment window.
HMRC have published a response to their consultation on the new Structures and Buildings allowance and in their final draft of the legislation and guidance have amended some of the original proposals.
In Talkative Limited v HMRC [2019] TC07172 the FTT dismissed an appeal against late filing penalties for an employment related securities return; ignorance of the law and reliance on an adviser were not reasonable excuses.
HMRC have published their Employer Bulletin for June 2019. We summarise the key content for you, with links to our detailed guidance on the topics covered.
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Good news this week for some who received High Income Child Benefit Charge late notification penalties. A new Agent update and our Virtual Tax Partner Toolkit 'TAMI' expands.
HMRC have issued Revenue & Customs Brief 3 (2019) VAT zero rating of transport for disabled passengers. This is to clarify its position and considers the situation where passenger vehicles are adapted for wheelchair transport.
HMRC have issued the Agent Update for June/July 2019. We have summarised the key content for you with links to our detailed guidance on the topics covered.
In Development Securities plc & Others v HMRC [2019] UKUT0169 the UT held that Jersey companies were not UK resident; acting in the best interests of a parent company did not pass central management and control to the parent.
In David Briggs & Others v HMRC [2019] TC07166 the FTT held that a change in a right to earnout consideration from loan notes to cash was a disposal of that right and triggered the gain deferred on the original disposal.