SME Tax News

In Macleod and Mitchell Contractors Limited and William Mitchell v HMRC [2017] TC 05633 the First Tier Tribunal (FTT) found that insurance premiums paid by a company where the contracts were in a director’s name were taxable as earnings. This decision was reversed by the Upper Tribunal in 2019.

In Parklane UK Investments Limited v HMRC [2016] UKFTT 0803 the First Tier Tribunal (FTT) found that HMRC were wrong not to suspend a VAT penalty simply because the company joined a VAT group and was no longer registered in its own name.

In Terence Patrick Brady v HMRC [2017] TC5622 a director was allowed a claim for overpaid VAT after a liquidator demanded repayment of a company's rent paid to a director.

The Public Accounts Committee (PAC) has published a report, 'Collecting tax from high net worth individuals'. It  calls into doubt HMRC's relationship with high net worth individuals (HNWIs).

HMRC have published a response to their consultation ‘Making Tax Digital: Transforming the tax system through the better use of information’. 

Taxpayers who call the tax credits and self assessment helplines can enrol for voice identification in order to speed up the security process with HMRC.

In HMRC v Personal Representatives of Rachel Staveley (dec’d) & Others [2017] UKUT 004 the Upper Tribunal (UT) found that a failure to exercise pension rights was not a transfer of value.

HMRC have published a response to their consultation ‘Making Tax Digital: Voluntary pay as you go'.

HMRC have published a response to their consultation ‘Making Tax Digital: Tax administration’.