In James and Charlotte Averdieck v HMRC [2022] TC 8623, the First Tier Tribunal (FTT) ruled that the maintenance obligations a public right of way put on the landowners were insufficient to render the purchase mixed use and subject to lower non-residential rates of Stamp Duty Land Tax (SDLT).
SME Tax News
The Chancellor Jeremy Hunt has announced that the Medium term fiscal plan scheduled for 31 October 2022 has been delayed until 17 November 2022 and upgraded to a full Autumn Statement.
31 October is the deadline for filing your tax return if you wish to make a paper filing for the 2021-22 tax year. Filing by paper after this deadline can lead to a penalty.
Hello,
It has been another busy week in tax and politics as the new Chancellor Jeremy Hunt reversed most of his predecessor’s remaining mini-budget policies in his first Fiscal Statement on Monday.
HMRC have published their Employer Bulletin for October 2022. We have summarised the key content for you, with links to our detailed guidance on the topics covered.
In Barry Davies, Rupinder Mahil and the Davies Mahil Partnership v HMRC [2022] TC 8619, the First Tier Tribunal (FTT) allowed appeals against Schedule 36 information notices. The information requested was not reasonably required and HMRC was directed to issue a closure notice.
HMRC have issued their Agent Update for October 2022. We have summarised the key content for you with links to our detailed guidance on the topics covered.
The House of Lords Finance Bill Sub-Committee has launched a Call for Evidence inviting contributions to its inquiry on draft Finance Bill 2022-23 in respect of proposed changes to Research & Development (R&D) relief.
On 17 October 2022 the Chancellor, Jeremy Hunt, made a fiscal statement reversing almost all tax measures announced at the Mini-budget on 23 September 2022, other than those that have already been legislated.
The Prime Minister announced on 14 October 2022 that plans to increase Corporation Tax rates to 25% from April 2023 would be reinstated after they were reversed in the September mini-budget.