HMRC have published their Employer Bulletin for December 2016. We summarise the key content for you, with links to our detailed guidance on the topics covered.
SME Tax News
HMRC have published a response to their consultation earlier this year on ‘Strengthening Tax Avoidance Sanctions and Deterrents'.
In The Crown and Cushion Hotel v HMRC [2016] TC05492 the First Tier Tribunal (FTT) allowed a deduction for corporation tax for payments made sponsoring the director's daughter’s motor sports activities.
HMRC have issued their Agent Update for December 2016 / January 2017: we have summarised the key content for you with links to our detailed guidance on the topics covered.
HMRC have just issued some guidance for taxpayers who receive a follower notice or accelerated payment notice.
HMRC have published a response to their consultation earlier this year on ‘Reforms to corporation tax loss relief’.
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The Finance Bill has been published and there is quite a lot in it. We will be working our way though it in the coming weeks.
In Gas Recovery and Recycle Ltd v HMRC [2016] TC05473 the First Tier Tribunal (FTT) despite making a different interpretation of the rules to HMRC denied a claim for R&D relief: expenditure was not paid for until after the claim was made.