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SME Tax News

HMRC employment status tool

Last Updated: 31 August 2023

HMRC's CEST 'Check Employment Status for Tax'. This tool can be used by workers, agencies and engagers in order to determine whether a worker is employed or self-employed for tax purposes.

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Celebs' and privacy in tax hearings

Last Updated: 31 August 2023

In Martin Clunes v HMRC [2017] TC05692 the tax tribunal decided that a well known actor did not have any special right to privacy in relation to an application made ahead of a potential tax appeal against the disallowance of cosmetic surgery as deduction from his trading profits.

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Potential lost revenue: losses carried forward

Last Updated: 31 August 2023

In Simon Fry v HMRC [2017] UKFTT 0158 the First-Tier Tribunal (FTT) found, that in calculation of tax penalties for errors in a return, 'potential lost revenue' should be calculated with reference to the taxpayer’s future plans, such as becoming non-resident.

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Finance Bill 2017 publication date

Last Updated: 31 August 2023

The Treasury have confirmed that Finance Bill 2017 will be published on Monday 20 March.

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CIOT urges rethink of Flat Rate Scheme changes

Last Updated: 31 August 2023

The CIOT have submitted comments to HMRC on the proposed new ‘limited cost trader’ category for the VAT Flat Rate Scheme: they recommend HMRC seek a different approach to tackling abuse of the scheme.

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Do I pay a salary or dividend? 2018/19

Last Updated: 31 August 2023

At a glance

What is the optimal monthly or weekly salary that can be paid by an employer without incurring a liability for employer or employee National Insurance Contributions (NICs)?

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New advisory fuel rates from March

Last Updated: 31 August 2023

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

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Late filing penalties: new online appeal service

Last Updated: 31 August 2023

HMRC have introduced a new online service for appealing against late filing penalties for 2015/16 tax returns.

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Changes to Scottish Tax Tribunals

Last Updated: 31 August 2023

From 24 April 2017 the existing Scottish Tax Tribunals have been reorganised.

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HMRC Agent Update February 2017

Last Updated: 31 August 2023

HMRC have issued their Agent Update for February / March 2017: we have summarised the key content for you with links to our detailed guidance on the topics covered.

Read more …

Subcategories

Archived SME tax news Article Count:  336

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