SME Tax News

HMRC consultation, ‘Tackling Construction Industry Scheme Abuse’ explores ways to tackle abuse of the CIS to prevent significant losses of tax. The feedback collected will be used by HMRC to inform draft legislation.

Hello,

This time’s tax highlights include updates to the government’s COVID-19 support packages, a reminder about PAYE Settlement Agreements (PSAs), and topical updates to many of our most popular guides.

Employers with a PAYE Settlement Agreement (PSA) in place should ensure their payment in respect of 2019/20 is made to HMRC by 22 October 2020 to avoid interest and late payment penalties.

In Kevin McCabe v HMRC [2020] UKUT0266, the Upper Tribunal (UT) upheld the decision of the First Tier Tribunal (FTT) that HMRC did not have to disclose documents from a ‘mutual agreement procedure’ to determine tax residency as they were of low relevance to the taxpayer's position.

Missed our SME Tax Web-updates in September? Here is a summary of the month.

The Department of Business, Energy and Industrial Strategy (BEIS) has published a response to its consultation ‘Corporate transparency and register reform’ setting out a proposed plan of action to enhance the role of Companies House and increase the transparency of companies and other legal entities.