Problem paying your tax bill on time? If you are a large company, with billions in assets and paying dividends to your shareholders, then don’t worry HMRC will be generous. If you are a private company and you pay dividends don’t expect the same treatment.
Archived SME tax news
Mrs Lawson appeared to be the sole legal and beneficial owner of a property purchased to provide accommodation for her and her husband’s daughter.
In Robert Gaines-Cooper v HMRC [2011] UKSC 47 an international business man lost his residency appeal in the Supreme Court. Judges decided 4-1 that he had never left the UK when he moved abroad and remained UK resident.
Dave Hartnett, HMRC's Permanent Secretary has admitted to MPs that he made a £8 million "error" when agreeing a tax settlement with investment bank Goldman Sachs.
The Treasury Solicitor has made a partial U-turn in respect of Bona Vacantia.
Some good news:
Self-employed lecturers, teachers, instructors or those in a similar capacity may have simplified National Insurance arrangements from 6 April 2012.
In Revenue & Customs Brief 36/11 HMRC has announced a concession with regard to VAT on salary sacrifice arrangements for agreements in place at 28 July 2011.
Under the new SA late filing regime a late filing penalty applies regardless of whether you have a liability or made a payment.
To the bemusement of observers HMRC has announced that it is continuing its Business Record Checks programme; this is before it has had a chance to evaluate the findings of its latest efforts.