In John Pettitt v HMRC [2019] TC7451 reliance on a tax agent was not a reasonable excuse and late filing penalties of £1,935 were upheld by the FTT.
SME Tax News
In its latest 'Pension schemes newsletter 115' – November 2019, HMRC has warned pension scheme administrators that they must remind their members to declare details of their annual allowance charges in their self-assessment returns.
HMRC have published new advisory fuel rates for company car drivers which will apply from 1 December 2019.
Missed our SME Tax Web-updates in November? Here is a summary of the month.
The Scottish Budget was originally scheduled for election day, 12 December 2019. It has therefore been delayed and no new date has yet been set.
Doctors may have done other high earning UK taxpayers a favour by pushing the issue of the Annual Allowance Taper up the political agenda. What are the issues? Are doctors really being treated badly?
Hello
We have a mixed bag of updates and case reports this week, but funnily enough, the capital taxes are the ones that always catch our eyes.
In Margaret Vincent v HMRC [2019] TC7432, the First Tier Tribunal found that a valid interest in possession had been created in a family home so it had to be included in the beneficiary’s death estate.