A round-up for subscribers of the latest developments in tax for private clients, covering Income Tax, Capital Gains Tax, and Inheritance Tax (IHT).
SME Tax News
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.
Hello
This is probably our last Web-update of the year. We are rounding off with some good news: HMRC have changed their guidance for directors.
HMRC's latest Trusts and Estates newsletter contains some useful information. Here is our enhanced version.
The House of Lords' Economic Affairs Committee has issued its report “The Powers of HMRC: Treating taxpayers fairly” dealing with HMRC powers and taxpayer safeguards.
After several recent tribunal cases on the subject HMRC have amended its guidance about whether a director has to file a tax return.
HMRC have issued the Agent Update for December 2018/January 2019. We have summarised the key content for you with links to our detailed guidance on the topics covered. We have kept to HMRC's order of contents, it is not quite all 'SME', but there are some interesting items.
In Leverton Search Ltd v HMRC [2018] TC06786 a company successfully appealed late filing penalties: no employment intermediaries returns were actually due as the company was not a 'specified employment intermediary'.