HMRC has continued to review the data from the Pandora Papers and a further tranche of letters is being issued from 8 April. These letters will include an extended response time of 60 days.
SME Tax News
The Court of Appeal (CoA) has found that an individual, who resigned from a farming partnership in 2010, was entitled to the value of her share of partnership assets at retirement, despite no financial terms of retirement having been agreed.
Hello,
We have a broad variety of tax news and updates for you this week and we have been busy updating some of our core guides, which is always exciting from an editorial perspective.
HMRC's recent one-to-many letter prompts Community Amateur Sports Clubs (CASCs) to review their eligibility for the scheme.
The Welsh Government has published a consultation on proposed changes to Land Transaction Tax (LTT) reliefs, which include the abolition of Multiple Dwellings Relief (MDR) from 1 June 2024.
Football pundit and former Scottish footballer and manager Neil McCann lost his appeal at the Upper Tribunal (UT) that his contract with Sky was employment. This finding confirms liabilities to tax and NIC of over £200,000.
HMRC has introduced a new calculator to help self-employed individuals determine their transition profit for 2023-24, under the basis period reform rules.
Coronavirus Job Retention Scheme (CJRS) claims were denied by the First Tier Tribunal. The claims were contrary to the exceptional purposes of the scheme.