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SME Tax News

MTD: First challenges for VAT registered businesses

Last Updated: 31 August 2023

HMRC's estimates of the number of businesses who are able to submit their VAT returns directly by using third party software are inexact, but it seems that the vast majority (somewhere between 87-92% of businesses) submit their VAT via HMRC's portal. The main problem being difficult adjustments required and/or the need to combine data from several sources. 

Read more …

Unlogged return not late

Last Updated: 31 August 2023

In Tabrez Akhtar t/a Crawley News and Post Office v HMRC [2017] TC6078 late filing penalties were dismissed: HMRC had unlogged a return in error.

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688 days: too late to appeal

Last Updated: 31 August 2023

In Darren Billington v HMRC [2017] TC06147 the FTT dismissed a late application to lodge an appeal against penalties raised for failure to act on an information notice: there was excessive delay and an insufficient excuse for the underlying failure.

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Trust transfers rectified

Last Updated: 31 August 2023

In Whittaker v Concept Fiduciaries Ltd, Guernsey Judgment 15/2017, Guernsey’s Royal Court considered the UK rules on rectification of advisers' errors in setting up a trust.

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HMRC Investigate Ryanair

Last Updated: 31 August 2023

Pilots working for Ryanair have been under tax enquiries from both the UK and German tax authorities.

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Reporting Tax Fraud

Last Updated: 30 July 2026

HMRC have merged the two numbers previously used for tax evasion, and customs fraud, into one number as part of their efforts to streamline intelligence gathering on tax fraud.

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How to self-report facilitation of tax evasion

Last Updated: 31 August 2023

As part of HMRC’s approach to dealing with the new offence of Criminal Facilitation of Tax Evasion, it has given details of how an organisation can self-report any such offence discovered.

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What is on the horizon for the OTS?

Last Updated: 31 August 2023

The Office of Tax Simplification (OTS) has issued a ‘future work programme’ identifying areas that it will address in the short term, the next 12 months and in the medium term.

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Penalties excused for late non-resident capital gains tax return

Last Updated: 31 August 2023

In Rachel McGreevy v HMRC [2017] TC06109 penalties for a late non-resident capital gains tax return were cancelled; no disposal was proved in the relevant tax year, the taxpayer had a reasonable excuse or special circumstances.

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Extra time to complete LBTT return results in Scottish penalties

Last Updated: 31 August 2023

In M Watts v Revenue Scotland [2017] FTSTC 1 the Scottish tax tribunal upheld penalties of £890 for a late LBTT return despite no tax being due; ignorance of the law was no excuse for the self-represented tax payer.

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Subcategories

Archived SME tax news Article Count:  336

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