SME Tax News

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This time we tackle two very modern tax problems, 'How to tax gains made on cryptocurrencies?' and 'Whether it is possible to claim exemption from next April's Making VAT Digital filing obligations?'

In Professional Game Match Officials Limited v HMRC [2018] TC06698 the First Tier Tribunal found that football referees were self-employed; there was insufficient mutuality of obligation and control to amount to employment, even though the level of integration, hours worked, and absence of being business on their own account suggested an employment relationship.

In Ardeshir Naghshineh v HMRC [2018] TC06631 the First tier tribunal (FTT) allowed sideways loss relief claims for a farming business where losses were made for 17 years; at the start of the loss making period the reasonable expectation was that the farm would not become profitable until after the period for which relief was being claimed.

In Excel Computer Systems PLC v HMRC [2018] TC06561 the First Tier tribunal upheld NIC decisions for class 1A  despite employees making good the private fuel provided; payment was not made within the tax year and no concession applied as the company’s fuel card policy did not meet the necessary conditions.

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If you have a student in the family they will be packing or heading off to Uni' this week. We have some top tax tips and an adviser guide.

In Barry Gilbert v HMRC [2018] TC6627 a non resident failed to report the disposal of his UK property within the 30 day deadline. His appeal against his late filing penalties failed: the FTT found that a non-resident failed to keep himself abrest of UK law.