Hello
As the clock ticks down on both Brexit and Making VAT Digital, we have decided to ignore the former and concentrate on what everyone needs to do in order to become compliant for the new VAT regime.
SME Tax News
The government’s reaction to the House of Lords Economic Committee’s November 2018 recommendations in their paper, 'Making Tax Digital for VAT: Treating Small Businesses Fairly (House of Lords Paper 229)' may not give comfort to any small businesses and their advisers who were hoping that HMRC may yet postpone or modify the current plans to making VAT much more digital.
In Tony Michael Jimenez v FTT [2019] EWCA Civ 51 the Court of Appeal overturned the High Court decision and ruled that a Schedule 36 information notice issued to a taxpayer abroad was valid.
In HMRC v X Ltd, Y Ltd and Z Ltd [2018] TC06846 the First Tier Tribunal (FTT) held that where a hearing was held to approve HMRC issuing third party notices, neither the taxpayer nor the third parties were entitled to attend.
The government has released a ‘Review of WLTP and vehicle taxes’ which seeks evidence on the impact of a change to using the World Harmonised Light Vehicle Test procedure (WLTP) to measure CO2 emissions on Vehicle Excise Duty and Company car tax from April 2020.
Hello
Welcome to another web-update. We have a new Finance Act and new guides to Making VAT Digital. As HMRC have not put out anything useful on the topic of digital exclusion we have created our own guide.
In Sandra Annette Carter v HMRC [2018] TC6862 the FTT found that an accountant’s use of home claims were excessive. There was no evidence to show business use of three rooms, and the claim was reduced to one room.
HMRC have once again updated their guidance on the loan charge being introduced in April 2019 and how to settle with HMRC.
In J Charman v HMRC [2018] TC06899 a taxpayer was found to still be UK resident when he received a founders fee of £1.7m; he had started to cut ties with the UK but not yet made a decisive break.
The government has launched a consultation on plans to introduce a Stamp Duty Land tax (SDLT) surcharge for non-residents buying residential UK land and property.