HMRC can clock up another victory in tax avoidance litigation. The Court of Appeal has dismissed an appeal by the Eclipse Film Partners No 35 LLP (Eclipse 35), upholding the earlier findings of the FTT, that it was not carrying on a trade.
IHT returns penalties for careless and deliberate errors
In Hutchings v HMRC [2015] TC04421, the main beneficiary of a deceased taxpayer received a tax penalty for failing to disclose for Inheritance Tax purposes a gift made from his dead parent’s undisclosed Swiss bank account. This is the first case under this legislation.
Company car online updater
HMRC have launched a new trial online facility that allows employees to update their own company car details.
Lawfully voted dividends incapable of being reclassified as earnings
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.
Male Londoners are most likely to file their tax returns late!
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.
Consultation: Temporary workers – relief for travel and subsistence expenses
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.
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