In J Clark v CRC (2015) TC04509, the First Tier Tribunal allowed an appeal against HMRC’s refusal to grant Special relief to a tax payer in relation to years where he had not submitted returns: it would unconscionable to collect the tax due.
SME Tax News
Hello
This time we have new guide to family investment companies, they offer a flexible wrapper for investments as well as a means of controlling assets and distributing wealth. Obviously, the "elephant in the room" at this stage of this government's term is that we don't know what exactly will be happening to small company taxation over the next few years. I have done you a summary of "What's Up for Small Companies" so you can see what is currently under consideration.
In Monitor Audio Limited v HMRC (2015) TC04541, the tribunal considered whether for purposes of the Research and Development (R&D) relief SME tests, whether a “partner enterprise” was an institutional investor.
Intermediaries Legislation (IR35): discussion document; HMRC are openning a discussion in order to consider how the intermediaries legislation "IR35" can be improved.
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This time we have updates on property tax, owner-managed business taxes and a briefing on offshore issues.
Ambitious, experienced and qualified accountant (ACA/ACCA) wanted to come and develop and manage their own portfolio of clients for an expanding and innvative firm in Birkenhead, Wirral. For full details of job spec and benefits please email us.
HMRC have made another announcement about the Employment Related Securities (ERS) Online service, as follows:
Time is running out for employers to use HMRC's Employee Benefit Trust (EBT) Settlement Opportunity (EBTSO). It ends on 31 July 2015. Advisers and their client need to act quickly and consider the consequences of not settling their liabilities now.