Please note that this article relates to the proposals for Orchestra Tax Relief in the original consultation which closed on 5 March 2015. Please see our updated guide Orchestra Tax Relief for the results of the consultation and amended proposals.
The government is consulting on the introduction of a new tax relief for orchestra production companies: it is proposed that this will be similar to Theatre Tax Relief.
In Richard and Julie Jones v HMRC [2014] TC04171, the First Tier Tribunal (FTT) decided that interim dividends, once lawfully declared, could not be reclassified as remuneration subject to Pay As You Earn (PAYE) prior to the insolvent liquidation of a company.
HMRC have issued a consultation document "Improving access to R&D tax credits for small business".
HM Revenue & Customs says that women are better than men at filing their tax returns on time, and that on a region by region basis Londoners miss more filing deadlines than anyone else in the country.
Employment Intermediaries: temporary workers – relief for travel and subsistence expenses. A new consultation proposing radical changes to the employee travel rules closes on 15 February 2015.
HMRC have decided to remove the requirement for employers to answer the end of year checklist that accompanied form P35 following the introduction of RTI filing.
In Michael Hunt v HMRC TC04183 the First Tier Tax Tribunal (FTT) considered what is meant by the term “fit and proper person” for the purposes of registration under the Money Laundering Regulations 2007.
In Trevor Hartland v HMRC [2014] TC04187 the First Tier Tribunal (FTT) considered a sequence of private property disposals in order to determine which, if any, were trading activities and which qualified for CGT private residence relief.
In Ian Branagan v HMRC TC04188 the First Tier Tax tribunal (FTT) denied income tax share loss relief in respect of a negligible value claim: the company was not a qualifying trading company at the relevant time. In dismissing the taxpayer's appeal the FTT had to determine what was meant by "relevant time".
HMRC is encouraging taxpayers to tweet their tax inquiries because its telephone services cannot cope with calls. According to the press the move has been ridiculed by some MPs and their are significant issues in respect of taxpayer confidentiality which have not been addressed.