Companies claiming relief of £200,000 or less, through the extended three-year loss carry-back relief should use the online form in order to reduce the risk of a delay in any repayment due.
SME Tax News
In Basic Broadcasting Limited v HMRC [2022] TC08400, the First Tier Tribunal (FTT) found that while two substantial broadcasting contracts for the BBC and ITV had the features of employment contracts, they made up part of a wider business of TV show host, Adrian Chiles. As a result, the IR35 intermediaries legislation did not apply and the taxpayer's appeal was allowed.
The Welsh Government has published 'Consultation on draft Non-Domestic Rating (Definition of Domestic Property) (Wales) Order 2022' which seeks views on alterations to the treatment of self-catering accommodation for Business Rates and Council Tax purposes.
The Office of Tax Simplification (OTS) has released an evaluation note, ‘Update on OTS work on the High-Income Child Benefit Charge and its wider implications’. It details HMRC’s progress with the recommendations made by the OTS in the October 2019 'Life Events' review and further recommendations to HMRC.
In Elvis Ricardo Anthony Mohammed v Revenue Scotland [2022] FTSTC4, the First Tier Tribunal for Scotland (FTT) dismissed the taxpayer's appeal against the refusal to refund Additional Dwelling Supplement (ADS) paid on the acquisition of a second property after the sale of a prior main residence.
The Office of Tax Simplification (OTS) has published 'OTS Evaluation Note', which evaluates whether its past recommendations to HMRC on the operation of the PAYE system have been acted upon. It notes that there is a lack of evidence of HMRC planning or prioritisation to address the issues previously raised.
Some 1.3 million taxpayers are due to receive last filing penalties, for failure to file their returns by 28 February 2022. As last year, HMRC accept bulk appeals, where the failure was due to COVID-19.
The Office of Tax Simplification (OTS) has set out the scope for the upcoming review of its approach to and interpretation of ‘tax simplification’. At the same time, it has clarified its aims as an organisation and how it assesses its own progress and success.
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As Russia's dangerous dictator, Vladimir Putin, continues his violent plans to wipe out the democracy that is Ukraine, all we can do in the UK is to lend support to Ukraine and its people in any way possible. One of the best ways to assist is by making a direct financial donation to the Disasters Emergency Committee (external link). The UK government says it will match our donations, pound for pound up to £20 million.
In Graham Michael Wildin v HMRC [2022] TC08394, an accountant failed in an appeal against £297,630 in Income Tax, VAT, tax penalties and VAT surcharges: after failing to provide evidence that he was conducting a trade. No capital allowances, input VAT and income tax loss relief could be claimed.