In Afzal Alimahomed v HMRC [2024] TC09178, the First Tier Tribunal (FTT) found that a taxpayer had accidentally converted 'clean capital' into mixed funds in terms of the remittance basis and then had accidentally remitted funds by using an offshore credit card in the UK by purchasing goods in the UK and paying for them from an offshore account.
In HMRC v Jonathan Hitchins & Ors [2024] UKUT 00114, the Upper Tribunal (UT) found that the First Tier Tribunal (FTT) was entitled to direct HMRC to issue closure notices. HMRC’s enquiries amounted to a ‘fishing expedition’.
HMRC have updated their list of free and paid-for recognised payroll software used to report PAYE online. HMRC emphasise that they do not recommend one product or service over another and they are not responsible for any problems you have with the software you’ve bought.
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This time we have a new Visitor Levy, leading tech-savvy CTAs have their say about AI and tax, cautionary tales on three Capital Gains Tax (CGT) reliefs and, are London cabbies right: is Whitehall turning a blind eye to money laundering in the capital?
Conrad Young gave the Chartered Institute of Taxation (CIOT)'s 2024 CTA address last week to a packed audience on The impact of AI on tax. What do tech expert Chartered Tax Advisers (CTAs) think is going to be the impact of AI on tax?
In Kaljinder Singh Kalay v HMRC [2024] TC9155 an EIS investor’s attempt to persuade the FTT to allow a late claim for Income Tax relief to effect CGT relief on an £8m disposal failed. The tribunal had no jurisdiction to allow the late claim.
In Elizabeth Rooke v HMRC TC09170 [2024] the FTT had to recalculate CGT on the disposal of a flat, jointly owned by siblings, one of whom did not understand the rules and had acquired her interests at different stages. To cap it all there was Private Residence Relief (PRR).
HMRC have issued the latest round of one-to-many letters, this time focusing on individuals exceeding the lifetime limit for Business Asset Disposal Relief (BADR).
In Digital Buying Partners Limited v HMRC [2024] TC09116, the First Tier Tribunal (FTT) rejected a Coronavirus Job Retention Scheme (CJRS) claim. The employees were deemed ineligible for CJRS payments because they were not included in an RTI submission on or before 19 March 2020.
The Scottish Government has passed the Visitor Levy (Scotland) Bill. This Bill will give councils the power to introduce a local tax on visitors to their area, from 2026.
