In Peter Browne v HMRC [2016] TC05331 a careless delay in transferring funds between pension plans led to an unauthorised payment charge for the taxpayer.
SME Tax News
In Andrew Chappell v HMRC [2016] EWCA Civ 809 HMRC recorded their 10th successive victory on tax avoidance schemes promoted by NT Advisors, bringing the total tax protected to over £900m.
HMRC's draft guidance on the new Northern Ireland Corporation Tax regime paves the way for a lower rate of Corporation Tax than the rest of the UK.
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This time we are looking at the findings from new RTI research, Finance Act 2016, and we also have updates for Personal Service Company owners.
HMRC have opened a consultation “Museums and galleries tax relief consultation” aiming to support museums and galleries and help them develop and display new exhibitions and collections.
The Government has launched a consultation ‘Introducing a Pensions Advice Allowance: consultation’. This looks at allowing tax free draw down from pension schemes to cover the cost of financial advice.
In Paul Telfer v HMRC [2016] TC05350 the First Tier Tribunal (FTT) found that caravans which the taxpayer had to live in to carry out his employment duties did not qualify for capital allowances.
Our top ten picks of key measures for SMEs and their owners introduced by the Finance Act 2016.