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Nichola's SME Tax w-update 22 March 2019
Hello
This time we feature two of the most topical SME tax cases that you are likely to see for some time. We think we have the answer to the lock-jam that is Brexit, we have more on Making VAT Digital, offpayrolling, the loan charge (you must act now) and more VAT-y stuff too.
Sale of surgical practice is capital
In Richard Villar v HMRC [2018] TC 6983 the FTT held that the sale of the business of an orthopaedic surgeon was a disposal of capital and not merely of a right to income.
Brexit: I have a plan. What would you do?
Perhaps the one thing that everyone can agree on is that Brexit has become a national crisis and an embarrassment to us Brits. Nichola Ross Martin suggests a way out of the log jam.
Nichola's SME Tax w-update 15 March 2019
Hello
Some more interesting news on the 'disguised remuneration' loan charge this week. It turns out that one of the major promoters of self employed disguised schemes did not notify the schemes under DOTAS. By co-incidence, there is a growing realisation that HMRC's estimates that only some 50,000 people are affected by the coming loan charge may be woefully low.
Contractor Loan scheme should have been notified
In HMRC v Hyrax Resourcing Limited & Bosley Park Limited & Peak Performance Head Office Services Limited [2019] TC07025 the First Tier Tribunal (FTT) found that a contractor loan scheme should have been notified under the Disclosure of Tax Avoidance Schemes (DOTAS) regulations.
Chancellor's Spring Statement: highlights, 'A brighter future is within our grasp'
The chancellor of the exchequor Philip Hammond presented his Spring Statement today. It is not another Budget, that is set for next Autumn. Here are the highlights.
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