Hello,
This week we have a mini update on Scottish Taxes together with a couple of topical case reviews. We will be back next week with our usual web-update mix of news, case reviews and practical guides.
VW emissions: a windfall for HMRC?
Car manufacturer Volkswagen (VW) has admitted that it has "totally screwed up" having been caught rigging emissions tests on diesel vehicles in the US. Whilst the company's share price has dropped over night and there could be tax implications for business car owners and company car drivers.
Special relief claim allowed
In JR Scott v HMRC [2015] TC04597 the First Tier Tribunal (FTT) allowed a special relief claim on the basis that HMRC had not addressed the appellant’s argument that determinations raised were unreasonably excessive.
ERS online: high number of unsubmitted returns
HMRC says that they are concerned by the number of cases in which a company has registered a share scheme for the tax year 2014/15 but has not submitted an annual return online.
Autumn Statement 2015
The Chancellor will make his Autumn Statement on Wednesday 25 November 2015, and will also publish an Office for Budget Responsibility forecast and Spending Review.
Tax bodies ask HMRC to postpone 6 April 2016 changes to benefits and expenses reporting
Both the Institute of Chartered Accountants In England and Wales (ICAEW) and the Association of Taxation Technicians (ATT) have asked HMRC to consider postponing next April's changes to the employee benefits and expenses reporting systems.
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