This article is only available to paid subscribers.
Wear and tear allowance
We note on the internet that there is is a diverse range of misunderstanding of what expenses can be claimed in relation to property letting, so we will try and smooth things out:
Following a successful pilot of 400 cases HMRC decided in 2013 that Alternative Dispute Resolution (ADR) was to become a permanent feature of SME tax administration.
HMRC say that its bank - Santander is having problems with its Bill Pay service. This means that that customers cannot use a credit card or debit card to pay their tax. The parties are working to resolve of the problem.
The interim members of the new General Anti Abuse Rule (GAAR) advisory panel were confirmed by HMRC last week. The panel is going to oversee the development of the new GAAR guidance.
The government has launched a new “Green Deals loans” scheme. Consumers will need to be careful to ensure that they get a good deal, not least because there are some unexpected issues for those who claim tax relief on working from home.
This content is for paid subscribers.
The taxation of ‘Unapproved’ employee share schemes need significant reform according to the Office of Tax Simplification (OTS).
The Low Incomes Tax Reform Group (LITRG) observe that some employers are using travel expenses to top up wage payments for the purposes of the National Minimum Wage (NMW). This practice is incorrect; not only is it unfair on workers it is capable of challenge by HMRC.
Andrew Meeson, director of Tudor Pensions Management and former president of the Association of Taxation Technicians is on trial accused of making returns for two ficticious pensions schemes.