The Scottish Government have confirmed that all Scottish income tax rates will be frozen for 2017/18, and the higher rate threshold will remain at £43,000.
SME Tax News
In Marilyn May Phillipou v HMRC [2017] TC 05586 the First Tier Tribunal (FTT) upheld, but amended Schedule 36 information notices issued by HMRC.
Hello
Great to see the back of January. I hope it went well for all of you. This time we have a Making Tax Digital (MTD) survival kit, new rules on the cash basis and lots of director and company tax planning guides: only two months until the end of the next tax year.
HMRC have published a response to their consultation ‘Making Tax Digital: Transforming the tax system through the better use of information’.
Taxpayers who call the tax credits and self assessment helplines can enrol for voice identification in order to speed up the security process with HMRC.
In HMRC v Personal Representatives of Rachel Staveley (dec’d) & Others [2017] UKUT 004 the Upper Tribunal (UT) found that a failure to exercise pension rights was not a transfer of value.
HMRC have published a response to their consultation ‘Making Tax Digital: Voluntary pay as you go'.
HMRC have published a response to their consultation ‘Making Tax Digital: Tax administration’.