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.
SME Tax News
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.
In Angela Salazar v HMRC [2019] TC7398, the First Tier Tribunal (FTT) allowed an appeal against employment intermediary return late filing penalties. They were raised against the wrong person and the taxpayer had a reasonable excuse.
HMRC has published its most successful tax fraud prosecutions for 2019. During the year 600 people were convicted and around £5bn was recovered through civil and criminal investigations.
In HMRC v Nigel Rogers and Craig Shaw [2019] UT 0406, the Upper Tribunal (UT) decided that a section 8 notice to file a return does not have to be issued by an identified “flesh and blood” officer of HMRC. The UT also provided guidance to the FTT on how to address any future concerns that it has on the validity of s.8 notices.
Happy New Year.
We start the new decade with lots of exciting news and developments.
The Fifth EU Anti-Money Laundering Directive (5MLD) imposes new duties on accountants to not only check beneficial ownership of client companies and trusts for both direct and indirect tax advice but also to report any discrepancies found at Companies House.
Missed our SME Tax Web-updates in December? Here is a summary of the month.