HMRC have issued their Agent Update for June 2016: we have summarised the key content for you with links to our detailed guidance on the topics covered.
HMRC's Brexit message: Carry on as Normal
HMRC has recorded a message on its phonelines to reassure taxpayers that the EU referendum result of Brexit heralds no immediate changes to the UK's tax system.
A win for Tottenham Hotspur
In Tottenham Hotspur Limited v HMRC [2016] UKFTT TC05143 the First Tier Tribunal (FTT) found that payments to players were termination payments and not subject to NIC.
Potential lost revenue: penalty with zero tax liability
In Alpine Contract Services v HMRC [2016] TC05148 a director's actions led to penalties for deliberate behaviour. The FTT's interpretation of the term 'potential lost revenue' created a windfall for HMRC.
HMRC: Employer Bulletin June 2016
HMRC have published their Employer Bulletin for June 2016. We summarise the key content for you, with links to our detailed guidance on the topics covered.
Accountants: are you an MSC Provider?
When do the Managed Service Company rules apply to accountants? What exemption exists? What happens if you are a MSC provider?
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