The government have announced that Class 2 NICs, which were due to be abolished from April 2018, will remain for one more year, until April 2019.
SME Tax News
HMRC have announced that they are extending the deadline for the new online trust registration service again.
In The Barty Party Company Limited v HMRC TC06116, the First Tier Tribunal (FTT) held that an information notice was not valid as HMRC did not justify the period covered thereby.
In Tony Michael Jimenez v FTT and HMRC [2017] EWHC 2585 the High Court found on judicial review that a Schedule 36 information notice has territorial limits; it could not be issued to a non-resident taxpayer and should be quashed. This decision was overturned by the Court of Appeal.
In Big Bad Wolff Limited v HMRC [2017] TC06143, the First Tier Tribunal (FTT) considered the interaction of IR35 and the special rules for actors prior to 6 April 2014.
HMRC have announced that from 1 November 2017 they will no longer be accepting forms CT600 where the attached accounts or tax computations are not in iXBRL format.
In Patsy-Anne Saunders v HMRC [2017] TC6173: an appeal against penalties for late filing of a Non-Resident's CGT return upheld on the basis that ignorance of this piece of tax law is a reasonable excuse.
Government statistics have revealed the number of companies and amount of funding raised under EIS, SEIS and through Social Investment Tax Relief.
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In Alan Twaite v HMRC TC06033, the First Tier Tribunal (FTT) considered whether reliance on an adviser was a reasonable excuse for late notification of enhanced protection for a pension scheme.