The purchasers of properties with self-contained annexes before 1 April 2016 might have unknowingly overpaid Stamp Duty Land Tax (SDLT).
SME Tax News
In Gary John Robb v National Crime Agency [2016] TC 05374 the First Tier Tribunal (FTT) upheld tax and penalty assessments made by the Serious Organised Crime Agency (SOCA) in targeting a known criminal.
In Oasis Church Trust v HMRC [2016] TC 05360 agent registration delays and attempts to file paper returns instead failed to provide a reasonable excuse and penalties were charged for late filing of employer annual returns.
HMRC: Tax refund received. If you get one of the following emails, it's not from HMRC. Don't click on the links, you are not really getting a refund.
In Paya Limited and Tim Wilcox Limited v HMRC [2016] TC03856 the BBC fails to persuade the First Tier Tax Tribunal (FTT) that 'Aunty knows best' when it comes to IR35 witness evidence
The Chartered Institute of Taxation (CIOT) have written an open letter to Phillip Hammond asking him to reform the way tax policy is made in the UK.
A group of landlords have lost their High Court attempt to force a judicial review of legislation to reduce tax relief on buy-to-let interest payments from April 2017.
HMRC have launched a consultation ‘Penalty for participating in VAT fraud’. This proposes a new penalty for those that knew or should have known their transactions were connected with fraud.
HMRC's draft guidance on the new Northern Ireland Corporation Tax regime paves the way for a lower rate of Corporation Tax than the rest of the UK.
In Andrew Chappell v HMRC [2016] EWCA Civ 809 HMRC recorded their 10th successive victory on tax avoidance schemes promoted by NT Advisors, bringing the total tax protected to over £900m.