HMRC have published a consultation ‘Fraud on provision of labour in the construction sector: consultation on VAT and other policy options’.
SME Tax News
HMRC have issued their Agent Update for April / May 2017: we have summarised the key content for you with links to our detailed guidance on the topics covered.
From 2 May HMRC will no longer provide agents with information on their clients’ pay, tax and employment history over the phone.
On Wednesday morning HMRC raided football clubs Newcastle United and West Ham United as part of an investigation into tax fraud. It is probably in connection with transfer fees.
The Information Commissioner (ICO) has fined a North West financier £40,000 for sending out thousands of unsolicited marketing texts promoting loans.
Parliament has decided to drop more than half of the Finance (No 2) 2017 Bill: there is unsufficient time to debate the full bill before June's General Election. It also made some amendments and added five new clauses to remaining bill.
Just after scrapping over half of the original Finance (No 2) 2017 Bill, parliament introduced five new clauses into Finance (No 2) Bill as follows:
The Finance Bill (No 2) 2017, includes all the measures that were omitted from the first Finance Act of 2017. This guide tracks the changes. Finance Bill 2017-19 was published on 1 December 2017.
In Stephen Schechter and Lawrence Schechter v HMRC [2017] TC05677 shareholders claimed that their property companies held their respective properties on trust as their nominees so that they could claim loss relief for development losses.The accounts and paperwork told a different story and tribunal did not believe them.
Welsh Land Transaction Tax (LTT) is set to replace Stamp Duty Land Tax (SDLT) in Wales in April 2018.