HMRC have published their Employer Bulletin for October 2017. We summarise the key content for you, with links to our detailed guidance on the topics covered.
SME Tax News
In Munatsi Logistics Ltd v HMRC TC0653, the First Tier Tribunal (FTT) rejected an appeal against HMRC’s decision to refuse the appellant registration under the Money Laundering Regulations 2007.
In Innovate Commissioning Services Limited v HMRC [2017] TC 06152, the First Tier Tribunal (FTT) followed the precedent in X-Wind Power to deny SEIS relief where the incorrect forms were filed.
In HMRC v Root2 Tax Ltd [2017] TC 06115, the First Tier Tribunal (FTT) found that an employee reward scheme did meet the criteria for disclosure under DOTAS and should have been disclosed by the promoters.
In Ventura UK Ltd v HMRC TC06028, the First Tier Tribunal (FTT) considered whether a credit to the director’s loan account in respect of salary had been paid and so should be subject to PAYE.
HMRC has applied a fix for some of the Self Assessment online filing software specification errors relating to income tax allowances. There is now also an issue on the Capital Gains Tax (CGT) pages which is unrelated to the other problems
In Trustees of P Panayi A & M Settlements v HMRC (Case C-646/15) CJEU the European court held that if a trust was an entity under UK law the EU right to freedom of establishment would apply when it moved offshore.
In Akers and Ors v Samba Financial Group [2017] UKSC 6, a non-tax case, the Supreme Court considered the validity of a Trust arrangement over assets situated in a country that does not recognise trusts.
HMRC have issued the Agent Update for October / November 2017. We have summarised the key content for you with links to our detailed guidance on the topics covered.
HMRC have advised that from 13 January 2018, they will not longer be accepting payments from personal credit cards.