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SME Tax News

Employee not faking it, Statutory Sick Pay due

Last Updated: 09 August 2023

In White Feather Commercial Cleaning Ltd v HMRC [2022] TC 8611, the First Tier Tribunal (FTT) had to decide whether Statutory Sick Pay (SSP) was due to an employee after her employer claimed that her incapacity was not genuine.

Read more …

FTT: SDLT discovery valid

Last Updated: 09 August 2023

In David Wilby v HMRC [2022] TC08589, the First Tier Tribunal (FTT) ruled that a robust HMRC process was sufficient to render a discovery assessment valid following the identification of discrepancies between a Stamp Duty Land Tax (SDLT) return and Land Registry forms.

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Consultation: Reforming non-domestic rates in Wales

Last Updated: 09 August 2023

The Welsh government has published a new consultation ‘Reforming non-domestic rates in Wales’. It looks at improvements to ensure that Welsh ratepayers contribute fairly to the services they receive and that the services ratepayers rely upon are properly funded.

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SME Tax Monthly Summary September 2022

Last Updated: 09 August 2023

Missed our SME Tax Web-updates in September? Here is a summary of the month.

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Chancellor reverses cut to 45% tax rate

Last Updated: 09 August 2023

The Chancellor, Kwasi Kwarteng, has announced that the 45% Income Tax top tax rate will remain in place from next April. Interviewed on BBC Radio 4 on Monday morning, he admitted that his uncosted mini-budget proposal had become "a massive distraction".

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Nichola's SME Tax W-update 29 September 2022

Last Updated: 09 August 2023

Hello,

It has been a week of economic turmoil following last Friday’s mini-budget. We have summaries of the key measures announced in case you missed our Budget Special edition, as well as plenty of non-budget content including a new Employer update for 2022-23, HMRC’s latest Agent update and some interesting tax cases.

Read more …

Mini-budget 2022: Scotland and Wales

Last Updated: 09 August 2023

How does the mini-budget affect Wales and Scotland? What are the devolved nation’s responses to it?

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HMRC suspends tax refunds to Tax Credits Ltd

Last Updated: 09 August 2023

HMRC has issued a policy paper ‘Information for customers of Tax Credits Ltd - refunding tax reclaims’ confirming that many taxpayers who made tax repayment claims through the repayment agent Tax Credits Ltd will now receive their refunds directly from HMRC.

Read more …

Don’t miss the Self Assessment registration deadline

Last Updated: 09 August 2023

The deadline for registering for Self Assessment is 5 October after the end of the tax year; anyone who needs to register for 2021-22 now has less than a week left or they will face penalties.

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Double tax relief allowed under UK/US treaty

Last Updated: 09 August 2023

In HMRC v Aozora GMAC Investment Limited [2022] UKUT258, the Upper Tribunal (UT) agreed that unilateral double tax credit relief was available for US source interest under the UK/US tax treaty. The terms of the treaty did not expressly preclude relief so UK domestic law could not operate to prevent it either.

Read more …

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Archived SME tax news Article Count:  336

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What's new?

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