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SME Tax News

Director penalties: s.8 TMA 1970 notice to file

Last Updated: 31 August 2023

In Krysystof Kaczmarcycyk v HMRC [2017] TC5754, a company director was fined over £3,500 in late filing penalties as despite having no UK tax liabilties he ignored a s8 notice to file a Self Assessment return  The First Tier Tribunal (FTT) did not consider that there was any special circumstances that could have allowed a special reduction.

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OFT money laundering penalty 'outrageous'

Last Updated: 31 August 2023

In Jackson Grundy Limited v HMRC [2016] TC04981 the First-tier Tribunal (FTT) reduced an estate agent’s record breaking penalty for money laundering failures by £164K. The Office of Fair Trading 

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New advisory fuel rates from June

Last Updated: 31 August 2023

HMRC have published new advisory fuel rates for company car drivers which will apply from 1 June 2017.

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Partnership penalty: HMRC decision flawed

Last Updated: 31 August 2023

in Mrs R Rendall v HMRC [2013] TC6011 the FTT decided to quash £3,200 of late partnership filing penalties. HMRC had all the correct information and had given incorrect advice on filing: giving a penalty in such circumstances was clearly not the intention of the law.

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Court rules on mixed QCBs and non-QCBs

Last Updated: 31 August 2023

In Anthony and Tracy Lee Hancock v HMRC [2017] EWCA Civ 198 the Court of Appeal found that the conversion of QCBs and a non-QCBs into a single new QCB should be treated as two separate conversions: tax was due on redemption.

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Schedule 36 notice: statutory records for PAYE

Last Updated: 31 August 2023

In New Way Cleaning Ltd v HMRC [2017] UKFTT TC5769 the First-Tier Tribunal (FTT) considered what statutory documentation is reasonably required under a Schedule 36 Notice relating to PAYE.

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Welsh LTT receives Royal Assent

Last Updated: 31 August 2023

The Welsh Land Transaction Tax (LTT) received Royal Assent on 24 May 2017.

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New online tax appeal service

Last Updated: 31 August 2023

The Ministry of Justice is beta testing a new online tax appeals service and it is looking for taxpayers and representatives to test it.

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Avoidance scheme: a sham and not a trade

Last Updated: 31 August 2023

In The Brain Disorders Research Limited Partnership & Neil Hockin v HMRC [2017] UKUT 0176 the Upper Tribunal (UT) found that a tax avoidance scheme was a sham and the partnership involved was not trading.

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Information notices: daily penalties

Last Updated: 31 August 2023

In R&J Birkett T/A The Orchards Residential Home & Others v HMRC [2017] UK UT 0089 the Upper Tribunal upheld daily penalties for failure to comply with information notices where initial fixed penalties were under appeal.

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Subcategories

Archived SME tax news Article Count:  336

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