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.

HMRC's latest Trusts and Estates newsletter contains some useful information. Here is our enhanced version.

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.

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.

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.