In A G Reid v HMRC [2016] UKFTT TC04872 the First Tier Tribunal (FTT) found that part of a payment made to an employee on a TUPE transfer was non-taxable: it was compensation for loss of pension rights.
SME Tax News
In Dr Montshiwa v HMRC [2015] TC04701 the First Tier Tribunal (FTT) allowed a special relief claim against determinations of £17,000 when the actual liability was £325.
The Government’s new savings allowance is an excellent idea but needlessly complex in its implementation says the Low Incomes Tax Reform Group (LITRG).
Julie Deane, CEO of the Cambridge Satchel Company, has made ten recommendations along with her self-employment review, which was commissioned by David Cameron in July last year.
HMRC have issued their Employer Bulletin for February 2016, and we have summarised all of the key content for you, with links to our detailed guidance on the topics covered.
In David Crossman v HMRC [2016] UKFTT TC04811 the First Tier Tribunal (FTT) denied a claim for reasonable excuse when an accountant failed to notify a bathroom fitter of his obligations under the CIS scheme, but agreed that some payments he made were not within the scheme.
In R (on the application of City Shoes Wholesale Ltd) v HMRC [2016] EWHX 107 (Admin) an application for judicial review was denied to nine EBT operators who were refused the benefits of the LDF.
HMRC has carried out a very short consultation into proposed regulations which will have implications for everyone involved in providing tax advice, requiring advisers to notify their clients about the "Common Reporting Standard".
In Dr Sharat Jain v HMRC TC 04788 [2015], an NHS consultant who carried on private work at weekends from various hospitals was disallowed his home to travel and subsistence costs. They were not wholly and exclusively incurred: the FTT applied the reasoning from the Dr Samadian decision.
In HMRC v Peter Vaines [2016] UKUT 0002 (TCC), a partner in a law firm was disallowed tax relief on a payment made to avoid potential bankruptcy and to protect his reputation, it was not wholly and exclusively incurred for the purposes of the trade.
- Discovery assessment: Court of Appeal decision on adequate disclosure
- Company car benefit but no fuel benefit on partnership cars
- Making Tax Digital: Alternative truths and myths
- RIP: Post Transaction Valuation Checks
- Google's tax bill
- Parliamentary debate on quarterly accounting for the self employed