HMRC have published new advisory fuel rates for company car drivers which will apply from 1 September 2017.
SME Tax News
In The Estate of Maureen W. Vigne (deceased) v HMRC [2017] TC06068, a livery business qualified for business property relief; to the lay person it looked and felt like a business therefore it was.
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We are re-featuring a share valuation case this week. It concerns the fall out of shareholders in Lush Cosmetics and it is a really useful case to talk over with clients.
HMRC have published their Employer Bulletin for August 2017. We summarise the key content for you, with links to our detailed guidance on the topics covered.
HMRC has posted 'Childcare Service compensation': it is offering parents compensation if they have been subjected to various technical difficulties in relation to its online Tax-free Childcare account.
In Kreeson Thathiah v HMRC [2017] TC06043 the First Tier Tribunal (FTT) found that HMRC could not prove that the Senior Accounting Officer had failed to take reasonable steps to establish and maintain appropriate tax accounting arrangements.
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This time we have several exciting new guides that are designed to tackle some of the difficult questions that we all come up against from time to time.
In Netley v HMRC [2017] TC05904 the Court considered the valuation of unquoted shares for tax purposes, with particular emphasis on the relevance of quoted share prices and a lengthy analysis of the information that could be expected to be available to a prospective purchaser. This was the lead case on the market value of shares in Frenkel Topping Group Plc (FTG).