Hello
HMRC say that a third of self assessment returns (that is something approaching 3 million returns) are still outstanding this year. Given that there are more self employed people than there have ever been before, and that HMRC also appear to require some taxpayers who do not need to file, to file, I wonder how many are really outstanding.
A new form has been published for use by taxpayers who want an agent to deal with HMRC on their behalf in relation to the High-Income Child Benefit Charge (HICBC).
The new government backed Help to Save scheme, offering up to £1,200 tax free bonuses to low income savers, is to be delayed and will now open to eligible persons from 15 October 2018.
In Margott as representative member of MDL Property Consultants LLP v HMRC [2017] TC06278, the First Tier Tribunal (FTT) held an LLP is not required to file a partnership return, but also gave a number of alternate judgments removing late filing penalties on the basis that the taxpayer had a reasonable excuse.
In Darren Cresswell v HMRC [2017] TC06274, the First-Tier Tribunal (FTT) quashed a 'hopeless' Personal Liability Notice (PLN) which was out of time and not backed up by any evidence.
In David Goldsmith v HMRC [2018] TC06284, the First Tier Tribunal (FTT) held that no late filing penalties could be charged as the tax returns were issued for the wrong reason.
Hello
As we move into the last two weeks of self assessment filing, we have some top tips for late filers, some cases of penalties and many updated guides.
If you fill in the repayment pages of your Self-Assessment Tax Return you may not receive the refund in the account you have specified following HMRC policy change.
In Hesketh v HMRC [2017] TC06266 the First Tier Tribunal (FTT) found that the taxpayer’s ignorance of the new rules for Non-Resident Capital Gains Tax (NRCGT) was not a reasonable excuse for the late filing of their NRCGT returns and upheld the penalties. This contrasts with the opposite decision in the Rachel McGreevy case.
In Welland v HMRC [2017] TC06265 the First Tier Tribunal (FTT) found that the taxpayer’s ignorance of the new rules for Non-Resident Capital Gains Tax (NRCGT) was not a reasonable excuse for the late filing of his NRCGT returns. The penalties were upheld, but special relief was granted.