Highlights: Updated HMRC guidance on what is a "dwelling" and higher rates on the replacement of a main residence. A reminder that Welsh properties are subject to LTT, not SDLT. HMRC clarifies how to treat leases for SDLT.
SME Tax News
HM Treasury have published the responses to their consultation, “Transposition of the Fifth Money Laundering Directive” and opened a new consultation, “Fifth Money Laundering Directive and Trust Registration Service”.
HMRC have released guidance on the new rules for non-resident companies owning UK property and when they move from income tax to Corporation Tax in April 2020.
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As we approach the Self Assessment (SA) filing deadline, we are featuring some key guides to answer your last-minute tax queries. We feature our latest Private Client Update which is packed full of essential reading and recent cases.
Following the release of the report on the review of the loan charge in December, HMRC have now issued draft legislation to implement the proposed changes to the charge and updated guidance notes.
Hello,
In this time’s web-update we feature guides that aim to answer your last minute tax FAQs for Self Assessment (SA), carelessness by agents and, the Upper Tribunal (UT) finally resolves an important question: does a notice to file a SA return have to be issued by a human?
In HMRC v John Hicks [2019] UKUT0040, the Upper Tribunal (UT) allowed HMRC’s appeal. It found there had been carelessness on the part of the taxpayer's adviser so the discovery assessments raised were in time after all.
The Scottish Parliament has announced that its 2020 Budget will be held on Thursday 6 February 2020, less than a week after the date now set for Brexit of 31 January 2020.
- Employment intermediary return: penalties charged on wrong person
- HMRC's 2019 Top Prosecutions
- No identified 'flesh and blood' officer required for the issue of a s.8 notice to file
- Nichola's SME Tax W-update 9 January 2020
- Anti-Money Laundering: New Directive focuses on Beneficial Ownership
- SME Tax Monthly Summary Dec 2019