SME Tax News

Good news for everyone who gives tax advice: HMRC has been persuaded to re-work its proposals for dealing with Tax Agents.

Draft legislation released by HMRC to tackle fraud by tax agents has been compared with the anti-terror laws.

Analysis of HMRC's proposals to introduce a new tax penalty regime for tax agents reveal not one, not two, but THREE measures which are directly in conflict with the European Human Rights Act.

The Chartered Institute of Taxation (CIOT) has raised concerns about the use of retrospective action following new legislation that is set to apply from October 2007.

From 6 April 2011: the tax exemption for tax-free lunches will no longer apply when an arrangement is made to introduce this benefit as part of a salary sacrifice scheme.

New research commissioned by HM Revenue & Customs (HMRC) has found that just 4% of taxpayers are likely to be deliberate tax dodgers whilst the vast majority (83%) of those who are aware of their tax obligations are willing to comply.