SME Tax News

In Ian Daisley v National Crime Agency [2018] TC 6851, it was held that discovery assessments made by the National Crime Agency (NCA) were validly made. There were no grounds to displace the assessments.

In Gareth Clark [2018] UKUT 0397, the Upper Tribunal (UT) held that a transfer from a pension scheme came within the scope of an unauthorised payment. Some other procedural matters were addressed.

HMRC have further updated their suite of documents and guides that are designed to assist businesses who are likely to be impacted by a 'No Deal' Brexit. A very wide range of business will be affected from importers and exporters of goods and services to hauliers, tour operators and travellers.

A round-up for subscribers of the latest developments in tax for private clients, covering Income Tax, Capital Gains Tax, and Inheritance Tax (IHT).

The government has launched a call for evidence ‘Electronic Sale Suppression’ (ESS) to understand more about the exploitation of modern technology for the purposes of ESS, what the potential scale of tax evasion is, and how the electronic point of sale (EPOS) industry can help prevent it. This consultation has now closed, see the government's response: 'Electronic sales suppression - summary of responses'.

In Tarrant Howl Ltd v HMRC [2018] TC06788, the FTT concluded that it was unreasonable to expect an employment intermediary to realise that it was required to file a nil return: HMRC's webpages on the topic were complex and invisible and the appellant would not have understood them.

HMRC's latest Trusts and Estates newsletter contains some useful information. Here is our enhanced version.