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SME Tax News

Late appeal allowed due to EIS fraud

Last Updated: 09 August 2023

In J Huntly v HMRC [2022] TC08466, the First Tier Tribunal (FTT) accepted that the delay to the filing of a late appeal was justified due to fraud, COVID-19 and working on offshore rigs. With the late appeal allowed, the case will be joined with nine other victims of Capital Allowances Consulting Limited (CAC).

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Failing to file not deliberate for discovery purposes

Last Updated: 09 August 2023

In Robert Don Hunter Dougan v HMRC [2022] TC8471, the First Tier Tribunal (FTT) ruled the taxpayer had not deliberately intended to bring about a loss of tax despite failing to file tax returns on time. This meant some discovery assessments had not been validly issued. The remaining discovery assessment was upheld.

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Trusts and Estates: What’s New May 2022

Last Updated: 09 August 2023

HMRC's latest Trusts and Estates newsletter contains some useful information. Here is our enhanced version. 

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SME Tax Monthly Summary April 2022

Last Updated: 09 August 2023

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

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Nichola's SME Tax W-update 28 April 2022

Last Updated: 09 August 2023

Hello

We have some stunning new content this week for you, including new online calculators and indispensable new tax planning guides. We also have another HMRC Agent Update, we have two IR35 appeals and the curious case in which HMRC was unable to make a discovery assessment because the agent filing the tax return was not authorised by the taxpayer.

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Kaye Adams: IR35 rules outfox Upper Tribunal

Last Updated: 09 August 2023

In HMRC v Atholl House Productions Limited [2022] EWCA Civ 501, presenter Kaye Adam's IR35 case has been remitted back to Upper Tribunal (UT) by Court of Appeal (CoA). The CoA found that the First Tier Tribunal (FTT) and UT had both erred in considering relevant case law and the terms of the contractual relationship between Ms Adams and the BBC.

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TalkSPORT presenter’s IR35 appeal kicked out

Last Updated: 09 August 2023

In Kickabout Productions Limited v HMRC [2022] EWCA Civ 502, the Court of Appeal agreed that a TalkSPORT presenter, Paul Hawksbee was an employee subject to IR35. There was sufficient mutuality of obligation and control and any other factors considered added little to the case.

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Elite fraud squad to track COVID lost billions

Last Updated: 09 August 2023

The Chancellor, Rishi Sunak, has announced that £25 million will be spent on a new Public Sector Fraud Authority (PSFA) taskforce that will enlist an elite team of experts to crack down on fraudsters who took advantage of the government's Covid support schemes.

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Consultation on Income Tax for low-income trusts and estates

Last Updated: 09 August 2023

HMRC have opened a new consultation ‘Income Tax: Low-income trusts and estates’ which considers whether trusts and estates with small amounts of income should be removed from Income Tax.

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No discovery due to unauthorised agent

Last Updated: 09 August 2023

In Shaun McCumiskey v HMRC [2022] TC08459, the First Tier Tribunal (FTT) upheld the appeal against a discovery assessment regarding a fraudulent SEIS claim made by a sub-agent, deciding that as the appellant had not authorised the sub-agent, they were not acting on his behalf, and as such the discovery conditions were not met.

Read more …

Subcategories

Archived SME tax news Article Count:  336

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