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A late filing penalty appeal decision this week illustrates a case whereby a taxpayer might possibly have avoided a late filing penalty had she asked HMRC to cancel her notice to file a Self Assessment return, rather than filing an unncessary return late and thus attracting an automatic fine.
The Scottish government has published a consultation on proposed legislative amendments to the Land and Buildings Transactions Tax (LBTT) Additional Dwelling Supplement (ADS) rules. These changes include extending 18-month deadlines to 36 months and providing relief from ADS on divorce or separation.
The Scottish government has published a summary of responses to its call for evidence ‘Land and Buildings Transaction Tax (LBTT) - Additional Dwelling Supplement’, which sought views on the operation of the Additional Dwelling Supplement (ADS).
The Welsh government has published its response to the consultation ‘Reforming Non-Domestic Rates in Wales’. It now intends to move forward with the development of the proposals.
Recent weeks have seen a spate of one-to-many letters being sent by HMRC to taxpayers. HMRC's latest campaigns target Research and Development Tax Relief, undeclared income from short-term property letting, and individuals exceeding the Business Asset Disposal Relief (BADR) lifetime limit.
In Onuchika Eleonu v HMRC [2023] TC8726, the First Tier Tribunal (FTT) dismissed an appeal against penalty notices. None of the excuses offered for the taxpayer's errors were 'reasonable'.
In Thomas William Good v HMRC [2023] EWCA Civ 114, the Court of Appeal (CoA) found that a taxpayer who assigned his income from a film scheme income to another, remained taxable on the underlying income: as he was still entitled to receive the income as he had retained a benefit.
In The CBD Flower Shop Limited v HMRC [2023] TC8724, HMRC tried to make a late amendment their statement of case in a VAT appeal, they challenged the legality of cannabidoil (CBD) sales. The First Tier Tribunal (FTT) blocked the application: the late amendment would have prejudiced the taxpayer's case.
It was announced in Autumn Statement 2022 that the government would not proceed with the introduction of an Online Sales Tax (OST). HM Treasury's newly published response to its earlier consultation reveals why the proposed new tax was rejected.
Hello,
This week we are continuing to focus on practical tax planning guides and checklists ahead of the year-end, while our review of decisions from the tax tribunals has yielded some cases on topical subjects. Don't miss the news headlines too.