In Gareth Clark v HMRC [2017] TC5856 the First Tier Tax Tribunal (FTT) extended the scope of discovery assessments. The case concerned a pensions unauthorised payment charge. The decision was confirmed by the Court of Appeal in February 2020.
SME Tax News
‘The Taylor Review of Modern Working Practices’ has just been published. It aims to developing proposals ‘to improve the lives of this country’s citizens’. It is not in fact written by a Victorian social reformer but by Matthew Taylor, Chief Executive of the Royal Society of the Arts and his team.
HMRC have released two updates for personal service companies (PSC).
The trusts and complex estates online registration service is now available for individuals.
IIn SRN Horizon v HMRC[2017] UKUT 0246 (TCC) an appeal was reinstated due to adviser error even though the taxpayer had ignored the tribunal’s directions and failed to provide any grounds for appeal.
The government has published the European Union (Withdrawal) Bill. This will repeal the European Communities Act 1972 on 'Exit day' (Brexit) and make other provision in connection with the withdrawal of the United Kingdom from the EU.
The government has confirmed that the Finance Bill that was expected to be passed this month will now be delayed and then introduced as soon as possible after parliament's summer recess.
The government has announced major changes to its Making Tax Digital for business (MTD) proposals. MTD will initially only apply for VAT. VAT registered businesses are mandated into HMRC's plans for quarterly bookkeeping and reporting from 2019. MTD will not become compulsory for other businesses or taxes until at least 2021.
HMRC have released their latest 'name and shame' list of deliberate tax defaulters. The list details the name of the defaulter, the industry, amount of tax avoided, and penalties charged.
Responses to HMRC Consultation 'Making Tax Digital sanctions for late submission and late payment' have been mixed. Now the main bodies have published their responses to HMRC’s consultation it may be useful to see how their thoughts compare.