Missed our SME Tax Web-updates in August? Here is a summary of the month.
SME Tax News
In Thierry Lucas V HMRC [2020] TC07809, a salary bonus, forming part of a compromise agreement, was not found to be part of any termination payment.
Hello
This time, we have some updates for the self-employed, employers, agents and anyone with outstanding loan charge issues. For parents, we look at more 'reasonable excuses' for failing to declare High-Income Child Benefit Charge (HICBC) and we have our usual review of topical tax cases.
HMRC have issued the Agent Update for August/September 2020. We have summarised the key content for you with links to our detailed guidance on the topics covered.
In Sci-Temps Limited V HMRC TC07796, the First Tier Tribunal (FTT) allowed a company's appeal against a PAYE determination. HMRC had issued the determination under the wrong PAYE regulation and the employer took reasonable care.
Three recent First Tier Tribunal (FTT) decisions consider whether ignorance of the law is a reasonable excuse for failing to notify charges under the High Income Child Benefit charge.
In Legends Leisure Ltd V HMRC [2020] TC07795, the First Tier Tribunal (FTT) held that the three penalties totalling £600 and issued for failure to file three PAYE Real-Time Information (RTI) returns on time were valid.
HMRC have published their Employer Bulletin for August 2020. We summarise the key content for you, with links to our detailed guidance on the topics covered.