New companies are being duped into paying for an online directory listing by a webservice that displays a coat of arms that is not unlike that of Companies House.
SME Tax News
In C Lucy v HMRC [2016] UKFTT TC04878 the First Tier Tribunal (FTT) found that the taxpayer was not conducting any trade and disallowed a claim to set off losses against general income.
The Low Incomes Tax Reform Group (LITRG) has urged the government to delay the proposed changes to self-employed NIC contributions which could be introduced as early as April 2017.
The Ministry of Justice (MoJ) has launched a consultation “Fee proposals for grant of probate”. Its proposes a new banding structure.
In Fab Cleaning Management Limited v HMRC [2016] TC04824 the First Tier Tribunal (FTT) cancelled penalties for inaccuracy in PAYE returns, agreeing that the forms must record amounts actually deducted from employees, not those which should have been deducted.
In A G Reid v HMRC [2016] UKFTT TC04872 the First Tier Tribunal (FTT) found that part of a payment made to an employee on a TUPE transfer was non-taxable: it was compensation for loss of pension rights.
HMRC have opened a consultation, Simplifying the Gift Aid donor benefits rules, following a call for evidence about how and why charities provide benefits, and the use of the extra statutory concessions and admission disregards.
HMRC have issued their Agent Update for February 2016: we have summarised the key content for you with links to our detailed guidance on the topics covered.
In Dr Montshiwa v HMRC [2015] TC04701 the First Tier Tribunal (FTT) allowed a special relief claim against determinations of £17,000 when the actual liability was £325.
HMRC have issued their Employer Bulletin for February 2016, and we have summarised all of the key content for you, with links to our detailed guidance on the topics covered.