In D Lyth v HMRC [2017] TC05994 the First Tier Tribunal (FTT) held that failure to declare a capital gain on the taxpayer’s Return was careless rather than deliberate.
SME Tax News
In Anne Christine Curtis Green v HMRC [2015] TC04519 the letting of five self-contained holiday units did not qualify for IHT Business Property relief: the business was mainly one of investment.
HMRC has launched a help forum and webchat service: the 'Small Business Online Forum' is aimed at small business.
In Executors of The Estate Of Marjorie Ross (Deceased) v HMRC [2017] TC05959 the letting of eight holiday cottages did not qualify for IHT Business Property relief: it was mainly an investment activity.
The Office of Tax Simplification (OTS) published its report 'Simplification of the Corporation Tax Computation' in July 2017. It makes recommendations for Corporation Tax to be modernised and simplified.
The OTS has published a short focus paper on the future of disincorporation relief. To-date, the relief has attracted just 50 claims.
Hello
We were thinking that if you are still in the office reading this and not on holiday that either you need some light reading or that things are so quiet that you might be able to cope with some of the more complicated new tax rules...
HMRC have published two documents regarding its relationship with the taxpayer and how this is developing/will develop in future. 'Corporate Report: Our Strategy' contains a declaration of their values, three strategic objectives and eight key decisions. 'Your Charter Annual Report: April 2016 to March 2017' is the Charter Committee’s report on how HMRC has performed against the standards expected in its Customer Charter.