In Donaldson v HMRC [2016] EWCA Civ 761 the Court of Appeal confirmed that HMRC had correctly imposed daily late filing penalties under Schedule 55 FA 2009. This decision is important as there have been a number of cases put on hold awaiting its outcome.
SME Tax News
In Robert Ward v HMRC [2016] UKFTT TC05912 the First Tier Tribunal (FTT) held that excess PAYE deductions should be repaid to the employer and not the employee.
In Sword Services Limited & Others v HMRC the High Court held that Partner Payment Notices (PPNs) can be issued to LLPs. The PPNs were also found to be valid as the relevant partners were aware of enquiries being opened even if official notices were not sent to them.
The deadline for renewing Tax Credits claims with HM Revenue and Customs (HMRC) is 31 July.
HMRC has been allowed a budget of just under £999,660 to advertise the marriage allowance.
In Spring Salmon & Seafood Limited v HMRC the Upper Tribunal (UT) held that HMRC were prevented from assessing PAYE and NICs due to a previous undertaking they had given to the company.
The introduction of the tapered annual allowance means that some individuals will see their allowable pension contributions for the 2016/17 tax year reduced to just £10,000.
On 5 July 2016 the Welsh Government published the draft Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Bill setting out proposals for the introduction of the Welsh Land Transaction Tax (LTT) which will replace Stamp Duty Land Tax (SDLT) in April 2018.
In Jane Borton t/a Contract Build v HMRC [2016] UKFTT TC05224 the First Tier Tribunal (FTT) agreed that the input VAT paid on the purchase of a car by a sole trader could be reclaimed.
In GDR Food Technology Limited v HMRC [2016] TC05219 investors were denied SEIS relief after the company's advisors submitted an EIS compliance statement to HMRC instead of an SEIS one.