Hello
This time: Off-payroll working rules will increase your chances of investigation. Is software ready for the CIS VAT reverse charge? The latest trusts and estates newsletter and changes to employee fuel rates.
Discovery time bomb for Personal Service Companies
Up to 170,000 Personal Service Companies (PSCs) are likely to be affected by the Off-payroll working rules which come in from next April according to HMRC. These changes could result in a windfall of IR35 tax Discovery cases for HMRC and a resultant tax-hell for PSCs and their owners.
Trusts and Estates: What’s New? August 2019
HMRC's latest Trusts and Estates newsletter contains some useful information. Here is our enhanced version.
Nichola's SME Tax W-update 23 August 2019
Hello
We have another fun-packed web-update this week. Some good cases: capital allowances, company cars and EBT discovery. There is also the Employer and Agent update and our ideas for tax simplification.
Employer bulletin: August 2019
HMRC have published their Employer Bulletin for August 2019. We summarise the key content for you, with links to our detailed guidance on the topics covered.
Discovery on disclosed EBT loans is valid
In Stephen Hoey v HMRC [2019] TC07292, the First Tier Tribunal (FTT) held that discovery assessments on EBT loans that had been disclosed by the taxpayer were valid and HMRC could decide to transfer the tax due from the employer to the employee.
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