In Payne & Ors v HMRC [2020] EWCA Civ 889, the Court of Appeal found that the VW Kombis and Vauxhall Vivaro were cars and not vans for the purpose of assessing employee car benefits.
SME Tax News
HMRC have issued a policy paper ‘Amendments to HMRC's civil information powers’ together with responses to their 2018 consultation ‘Amending HMRC’s Civil Information Powers’ and draft legislation which proposes introducing a new Financial Institution Notice (FIN).
The government has published a policy paper, ‘Income tax changes to the van benefit charge from 6 April 2021’. It proposes to reduce the Van Benefit Charge (VBC) to nil for zero-emission company vans which are provided to employees and available for their private use.
The government has concluded its review of the Small Brewer's Relief and announced that it intends to remove the 'cliff-edge' of production levels and taper relief.
The government has published a policy paper, 'New tax checks on licence renewal applications', proposed for inclusion in Finance Act 2021. The new measure will require individuals and businesses applying to renew licences to drive taxis and private hire vehicles (PHV), operate a PHV business or deal in scrap metal in England and Wales to confirm their tax history with HMRC before their renewal application can be processed.
The government has launched two new consultations dealing with tax avoidance, ‘Tackling promoters of tax avoidance’ and ‘Call for evidence: Tackling Disguised Remuneration tax avoidance.’
HM Treasury has published a response to ‘Stamp Duty Land Tax: non-UK resident surcharge consultation’ on the introduction of a new surcharge on non-UK residents purchasing residential property in England and Northern Ireland, from 1 April 2021.
The government has launched ‘Modernisation of the stamp taxes on shares framework: call for evidence’. The consultation is seeking views on the principles and design of a new framework for taxing shares and securities under Stamp Duty and Stamp Duty Reserve Tax (SDRT), as well as consideration on any modernisation programme.
- Nichola's SME Tax W-update 16 July 2020
- Penalty upheld; don’t rely on the Scottish Revenue’s LBTT reminder
- £100 penalty trumps ignorance of Scottish LBTT
- Millionaires have plan to deal with the cost of COVID-19
- Capital Gains Tax Review: Call for evidence & survey
- FRC finds audit firms' performance unacceptable