Hello,
Headlines this week include HMRC’s latest Agent Update, Revenue Scotland’s digital by default proposals, research on attitudes towards e-invoicing amongst SMEs, HMRC’s new sanctionable conduct powers and the latest changes to the Construction Industry Scheme (CIS).
With just days to go before the introduction of Making Tax Digital (MTD) for Income Tax (IT), HMRC have written to more taxpayers who will be mandated into the regime from 6 April 2026.
In Kalinga Holdings Limited v HMRC [2026] TC09812, the First Tier Tribunal (FTT) found that a company that purchased an old office building to convert into residential flats was liable to make deductions under the Construction Industry Scheme (CIS) and it had not taken reasonable care to comply with that obligation.
HMRC have released a research paper, ‘Electronic invoicing: Quantitative research into small and medium-sized enterprises’ usage and attitudes’. The analysis found that only 59% of SMEs were broadly familiar with e-invoicing as a concept.
The number of live cases being reviewed under the Corporate Criminal Offences (CCO) legislation has increased slightly in the last six months, while no further charging decisions have been secured.
In Jeremy John Hosking v HMRC [2026] TC09824, the First Tier Tribunal (FTT) found that political donations made by the appellant were not made from normal expenditure and were liable to Inheritance Tax (IHT).
Hello,
The world of tax never sleeps, and this week’s larger-than-normal SME tax news brings several very important updates for agents. These include HMRC’s proposals for enhanced reporting of transactions between close companies and their owners, the Royal Assent of Finance Act 2026, and a proposal to bring individuals, trusts and additional taxes within the scope of the Uncertain Tax Treatment (UTT) regime.
From 1 April 2026, HMRC have new powers to deal with dishonest tax advisers. The new 'sanctionable conduct powers' replace the previous dishonest conduct powers, with many professional bodies criticising the new rules for being too broad.
Revenue Scotland has released a consultation, 'Communications from Revenue Scotland to taxpayers', in which it has outlined proposals to use electronic communication as the default method for corresponding with taxpayers. A postal service will still be available for those opting out or who are digitally excluded.
HMRC have confirmed that they will introduce Multi-factor Authentication (MFA) for agent accounts as part of their efforts to combat the continued and evolving threat to online security.
