HMRC have published their Employer Bulletin for April 2022. We have summarised the key content for you, with links to our detailed guidance on the topics covered.
SME Tax News
In Sally Judges (as representative for the late R Young) v HMRC [2022] TC08408, the First Tier Tribunal (FTT) found that changes to top slicing relief introduced by Finance Act 2020 were not retrospective in their effect.
In Hippodrome Casino Ltd v HMRC [2022] TC8441, the First Tier Tribunal (FTT) allowed the standard method of attributing VAT between taxable and exempt supplies to be replaced by an alternative method. Attribution of Input VAT relating to premises costs was allowed based on utilised floorspace.
The government has published its response to its consultation ‘Corporate re-domiciliation’ which explores whether there is a need to make it easier for foreign-incorporated companies seeking to relocate to the UK to change their place of incorporation to the UK.
Hello,
This week we launch new tax calculators, we have four topical cases, and a range of new and updated materials to help you stay on top of your game, in tax.
In Jonathan Oppenheimer v HMRC [2022] TC08443, the First Tier Tribunal (FTT) ruled that a non-UK domiciled individual was 'treaty resident' in South Africa despite long term residence and business interests in UK. As a result £20m of funds transferred to the UK were not 'remittances' and as such not subject to UK tax.
In McCann Media Limited v HMRC [2022] TC08435, the First Tier Tribunal (FTT) found a fixed annual payment regardless of the number of appearances to be persuasive when determining that ex-Scottish footballer Neil McCann had fallen foul of IR35 and deemed the relationship between himself and Sky to have been one of employment.
In Ian Moan v HMRC [2022] TC08449/V, the First Tier Tribunal (FTT) considered the deadline for opting out of auto-enrolment when an employer had provided incorrect information to the employee, who had consequently lost pensions fixed protection.
HMRC have named two tax avoidance scheme promoters under new powers granted to them by Finance Act 2022.
Happy New Tax Year
We start the year with a packed update containing some really useful new guides and updates to assist you in the preparation of tax returns, payroll and to fullfilling essential Continuing Professional Development (CPD) requirements. We ask whether HMRC is calling time on payroll umbrella providers, and what it means to be non-domiciled for tax purposes?