In Sonder Europe Limited v HMRC [2023] TC08853, the First Tier Tribunal (FTT) agreed that the onward supply of rented apartments meant the appellant was a tour operator within the scope of the Tour Operator’s Margin Scheme (TOMS).
SME Tax News
The Treasury Committee has launched a new call for evidence ‘Sexism in the City’ looking again at the barriers faced by women in the financial services sector.
Despite an upbeat and confident review of HMRC's annual report and accounts for 2022 to 2023 by its executive, the results of HMRC's annual customer satisfaction survey revealed that taxpayers are still dissatisfied with the HMRC's performance and demand for phone contact with HMRC remains buoyant.
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Is it time to reform the tax rules on employee expenses? There are some very harsh rules that determine whether an employee can obtain tax relief for the costs expended for the purposes of an employment.
HMRC have advised that sole trader and partnership businesses and their agents will soon be able to use an online form to request details of overlap relief available for offset during the transition to the new tax year basis period rules.
In HMRC v Jayanth Kunjur [2023] UKUT 154, the Upper Tribunal (UT) confirmed no tax relief is available for the accommodation expenses paid by a junior doctor. While renting accommodation close to his hospital enabled him to perform some of his duties, the expense was not incurred in the course of the performance of his duties.
As part of a new trial, HMRC has launched a new issue resolution service to process postal correspondence over 12 months old for agents.
In the six months to 31 December 2022, HMRC issued fines of £3.2 million to 419 businesses for failures to follow the Anti-Money Laundering (AML) regulations and have 'named and shamed' 240 of the worst offenders. The single biggest fine of £1.4 million went to Xpress Money Services Ltd who apparently failed at every stage of the compliance routine.
In Laing O’Rourke Services Limited v HMRC & HMRC v Willmott Dixon Holdings Limited [2023] UKUT 155, the Upper Tribunal (UT) held that Class 1 NICs paid in respect of car allowance payments to employees were refundable where the employees had undertaken business mileage.
A review of Anti-Money Laundering (AML) supervision by HM Treasury has concluded that although technical compliance with AML Regulations (MLRs) has significantly improved, the effectiveness of supervisory interventions across Professional Body Supervisors (PBSs) is inconsistent and there is a big case for reform.