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SME Tax News

Steep increases for probate fees planned

Last Updated: 31 August 2023

The Ministry of Justice (MoJ) has launched a consultation “Fee proposals for grant of probate”. Its proposes a new banding structure.

Read more …

Appeal against penalty for inaccurate PAYE return allowed

Last Updated: 31 August 2023

In Fab Cleaning Management Limited v HMRC [2016] TC04824 the First Tier Tribunal (FTT) cancelled penalties for inaccuracy in PAYE returns, agreeing that the forms must record amounts actually deducted from employees, not those which should have been deducted.

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Payment made under TUPE only partially taxable

Last Updated: 31 August 2023

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.

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Gift Aid donor benefits: consultation

Last Updated: 31 August 2023

HMRC have opened a consultation, Simplifying the Gift Aid donor benefits rules, following a call for evidence about how and why charities provide benefits, and the use of the extra statutory concessions and admission disregards.

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HMRC: Agent Update February 2016

Last Updated: 31 August 2023

HMRC have issued their Agent Update for February 2016: we have summarised the key content for you with links to our detailed guidance on the topics covered.

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HMRC's decision "outrageous": special relief allowed

Last Updated: 31 August 2023

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.

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HMRC: Employer Bulletin February 2016

Last Updated: 31 August 2023

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.

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Self-employment review

Last Updated: 31 August 2023

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.

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LTRG why is the Savings Allowance so complex?

Last Updated: 31 August 2023

The Government’s new savings allowance is an excellent idea but needlessly complex in its implementation says the Low Incomes Tax Reform Group (LITRG).

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CIS: reliance on accountant not a reasonable excuse

Last Updated: 31 August 2023

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.

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Subcategories

Archived SME tax news Article Count:  336

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What's new?

  • Second consultation on Land Remediation Relief reforms
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  • Consultation on new First Time Buyer ISA
  • Consultation on VAT treatment of land for social housing builds
  • Proposed offence for reckless, untrue statements for direct taxes
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