Happy New Year,
We can now reveal the winners of our Christmas Treasure Quest, plus we have details of more filing deadlines, a new Agent Update, more software exclusions for Self Assessment and a facsinating tax case to digest.
SME Tax News
In Sharon Clipperton & Steven Lloyd v HMRC UKUT 00351, the Upper Tribunal (UT) agreed that a dividend tax avoidance scheme relying on the automatic application of the Settlement provisions did not work. The individuals, and not their company were the settlors of the arrangement.
HMRC have issued their Agent Update for December 2022. We have summarised the key content for you with links to our detailed guidance on the topics covered.
Hello,
As we head towards the Christmas holiday we have had another exciting week in tax! We have announcements on Making Tax Digital, we use AI with mixed results and the chancellor announces the March Budget date.
Where to find the login pages for HMRC's old and new agent services accounts. These links are to assist tax agents.
HMRC have announced that the Agent Dedicated Line for Self Assessment and PAYE will only be available in January for complex Self Assessment questions.
HM Treasury is inviting representations from stakeholders ahead of the 2023 Spring Budget, which will be held on 15 March 2023.
The Office of Tax Simplification (OTS) has issued its last-ever report, ‘Hybrid and distance working: exploring the tax implications of changing working practices’. Key findings include a requirement for better guidance from HMRC on existing reliefs and rules and a demand for a review of tax reliefs in this area.
The National Audit Office (NAO) have published 'Managing tax compliance following the pandemic'. This report considers how well-placed HMRC is to manage its compliance work, its understanding of its compliance performance and whether it has a clear vision to manage the risks post-COVID.