The Government has dropped plans to create a secondary market for annuities following consultation.
SME Tax News
If you want to benefit from transitional relief on investment growth from a disguised remuneration scheme you have to register your interest to settle with HMRC by 31 October 2016.
HMRC have issued their Agent Update for October / November 2016: we have summarised the key content for you with links to our detailed guidance on the topics covered.
From 30 September 2016, advisers must notify clients with offshore investments that HMRC will receive information under the Common Reporting Standard from over 100 other countries about their identity and the investments held.
The leading tax and accounting bodies have published their responses to the Office of Tax Simplification (OTS) discussion papers on small company tax reform, ‘Lookthrough taxation’ and ‘Sole Enterprise with Protected Assets'.
Business Premises Renovation Allowance (BPRA), a relief which can provide 100% relief for expenditure on converting or renovating unused commercial property for business use, comes to an end on 31st March 2017 (5 April 2017 for companies).
The purchasers of properties with self-contained annexes before 1 April 2016 might have unknowingly overpaid Stamp Duty Land Tax (SDLT).
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.