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SME Tax News

No refund of loan charge voluntary settlement payments

Last Updated: 09 August 2023

In Douglas Lambourne v HMRC [2022] TC08666, the First Tier Tribunal (FTT) reluctantly struck out an appeal against HMRC’s refusal to repay amounts voluntarily paid to settle a disguised remuneration scheme following the 2019 loan charge review. The tribunal did not have jurisdiction as the legislation did not allow for such an appeal.

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No best judgement for chippy VAT assessment

Last Updated: 09 August 2023

In Chrisovalandis Georgiou and others v HMRC [2022] TC 08660, the First Tier Tribunal found that HMRC had based VAT assessments on a flawed methodology and so were not made applying 'best judgement', as required by the VAT rules. The knock on effect of these errors was that  Corporation Tax discovery assessments were not validated either. 

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CIOT survey supports postponing MTD ITSA

Last Updated: 09 August 2023

The Chartered Institute of Taxation (CIOT) and the Association of Taxation Technicians (ATT) have published the results of a survey canvassing the views of tax professionals on Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA). Most respondents did not believe that the rollout could be a success.

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HMRC wrong to back-date High-Income Child Benefit Charge assessments

Last Updated: 09 August 2023

In HMRC v Jason Wilkes [2022] EWCA Civ 1612 the Court of Appeal (CoA) found that HMRC was unable to use the Discovery Assessment provisions to back-date assessments for unpaid High-Income Child Benefit Charges in past years. The charge is not 'income' for tax purposes.

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Nichola's SME Tax W-update 8 December 2022

Last Updated: 09 August 2023

Hello,

We are back this time with some light relief in the form of a Christmas Quest, a new Employer bulletin, a new tax guide for Doctors and Dentists, and a collection of interesting case reports.

Read more …

Van benefit and fuel benefit charges 2023-24 confirmed

Last Updated: 09 August 2023

HMRC have confirmed the flat rate van benefit charge, flat rate van fuel benefit charge and car fuel benefit multiplier which will apply for the 2023-24 tax year. 

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HMRC's App, not just for Christmas

Last Updated: 09 August 2023

HMRC are promoting their App as a gift to seasonal Christmas workers in making it easier to access their employer's details and their own tax information.

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Employer Bulletin: December 2022

Last Updated: 09 August 2023

HMRC have published their Employer Bulletin for December 2022. We have summarised the key content for you, with links to our detailed guidance on the topics covered.

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PAYE direct debit interest charge anomaly confirmed by HMRC

Last Updated: 09 August 2023

HMRC have confirmed that interest charges showing on employers' online Business Tax Accounts, where direct debits have been collected after the due date, are correct, but are cancelled on the same day once the payment is processed.

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Consultation response to 'Making Flexible Working the Default'

Last Updated: 09 August 2023

The Government has released its response to the Consultation on 'Making Flexible Working the Default'. There was widespread support for the proposals and the Government will take further steps to encourage and support flexible working.

Read more …

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Archived SME tax news Article Count:  336

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What's new?

  • SME Tax Update 23 July 2026
  • Legislation Day 2026 (subscribers)
  • Consultation on tax treatment of predevelopment costs
  • Agent Update 145: July 2026
  • Simplifying treaty relief from withholding tax on overseas interest
  • Simplifying the taxation of offshore interest consultation response
  • Aligning recovery time limits of NICs with Income Tax
  • 2026 Loan Charge settlement terms
  • New settlement terms for disguised remuneration loan charge
  • HMRC scores poorly again in annual Charter assessment
  • R&C Brief 6 (2026): HMRC confirms VAT treatment for the supply of temporary medical staff
  • No VAT zero-rating for hospital accommodation wing
  • SME Tax Update 16 July 2026
  • Second consultation on Land Remediation Relief reforms
  • UT narrows VAT exemption on dental prostheses
  • HMRC apologises for State Pension tax calculation error
  • Response to call for evidence on the Taxation of Stablecoins
  • Agent Update: Making Tax Digital for Income Tax
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