The Government’s new savings allowance is an excellent idea but needlessly complex in its implementation says the Low Incomes Tax Reform Group (LITRG).
Self-employment review
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.
CIS: reliance on accountant not a reasonable excuse
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.
Nichola's SME Tax w-update 15 February 2016
Hello
I was thinking that we might have a bit of time to relax post-January, but not a chance. I was working out the top things to do in practice this year and it made me feel slightly ill. I started to write a "top ten" list for this month for SME advisers and came up with the suggestions below, I realise that this is just the tip of the iceberg:
EBTs' exclusion from the LDF was fair
In R (on the application of City Shoes Wholesale Ltd) v HMRC [2016] EWHX 107 (Admin) an application for judicial review was denied to nine EBT operators who were refused the benefits of the LDF.
Quick consultation: proposals to require agents to write to clients on HMRC’s behalf
HMRC has carried out a very short consultation into proposed regulations which will have implications for everyone involved in providing tax advice, requiring advisers to notify their clients about the "Common Reporting Standard".
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