A former soldier persuaded the First Tier Tribunal (FTT) to restrict the scope of HMRC's assessment for a High-Income Child Benefit Charge (HICBC). He claimed that he was unaware of the charge due to being absent from the country on military operations. HMRC's discovery was permitted due to a retrospective change in the tax law and the taxpayer missed the cut-off by a matter of days.
SME Tax News
Some news outlets seem to think that there is a new form of 'taxi-tax'. There is no new tax but a dispute about VAT. We take a closer look at the issues.
In their latest one-to-many letter, HMRC turn their attention to company owners who may have underdeclared dividend income.
Hello
How was Self Assessment for you? I bet you have the same issue: a small band of taxpayers who bring their books in at the last minute.
A lot of clients say that they have had difficulty navigating HMRC's online payment screen, this is a walk-through describing how to make a payment using online banking. The end steps may vary according to your individual bank.
Missed our SME Tax Web-updates in January? Here is a summary of the month.
In Sabbir Patwary v HMRC [2024] TC09035, the First Tier Tribunal (FTT) found that a taxpayer gave 'remarkably little' evidence to demonstrate that he occupied a property as his only or main residence. As a result, his claim for Capital Gains Tax (CGT) Private Residence Relief (PRR) was denied.
The First Tier Tribunal has had the engaging task of deciding whether imported action figures from Game of Thrones, the Marvel comics and the Living Dead are human, non-human, statuettes or just plastic toys, in an appeal against underpayment of Customs Duty.