Public authorities have started receiving student loan notifications and messages from HMRC’s Generic Notification Service (GNS) about a failure to deduct repayments from workers caught under the revised IR35 rules.
SME Tax News
HMRC have a new online form for companies acting as subcontractors who need to reclaim CIS tax.
HMRC have published their Employer Bulletin for June 2017. We summarise the key content for you, with links to our detailed guidance on the topics covered.
HMRC cancels daily penalties for Non-Resident Capital Gains Tax (NRCGT) Returns.
Recent spate of cyber attacks across Ukraine may have come from what appeared to be regular updates to tax software according to some leading software experts.
HMRC has recently updated its non-statutory clearances pages to provide more details on the transactions for which it will not provide a clearance service. These include:
There will be a Summer Finance Bill and also a National Insurance Bill now that MPs are back in Westminster. These were announced in the Queen's Speech last week.
In Mohammed Salem Kadhem v HMRC [2017] TC05929 director successfully appealed a late filing penalty: there was insufficient evidence to show that HMRC had sent him a notice to file a return and he was unaware that he had any obligations under self assessment.
In James H Donald (Darvel) Limited v HMRC [2017] TC05908 the First Tier Tax Tribunal (FTT) considered whether tax self assessed by related companies could be offset against a liability incurred by a different company following an enquiry.
Spring Salmon and Seafood Limited [2017 UKUT 0205 (TCC) the Upper Tribunal (UT) upheld the decision that a terminal loss relief claim was not a stand alone claim.