HMRC have released their annual numbers for non-UK domiciled taxpayers and estimates show that the number of non-doms in the UK for 2017/18 have again decreased compared to the previous tax year.
SME Tax News
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We are publishing a day early this week. As it's 'the silly season'* we have more tax bait, this time seven things you can do to improve your tax health (and that of your employees). Some of them will help your actual health too...
HMRC has published ‘Qualitative research to understand digital tech businesses’ about research undertaken to understand how digital technology businesses deal with tax.
In JJ Management LLP & Ors, R (On the Application Of) v HMRC & Anor [2019] EWHC 2006 (Admin) the High Court found that an informal investigation by HMRC into the affairs of a business man were lawful.
Institute of Chartered Accountants in England and Wales (ICAEW) members have reported considerable delays in HMRC's processing of Research and Development (R&D) claims, affecting both SME R&D relief and R&D expenditure credit (RDEC) claims. Expected processing time of 4 to 6 weeks has turned into 4 to 6 months.
In William Tinkler v HMRC [2019] EWCA 1392 the Court of Appeal ruled that a notice of an enquiry sent to a tax agent was not validly served on a taxpayer; the subsequent closure notice was also invalid.
Our top 7 tips for how to give yourself a clean tax bill of health.
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This time: have you managed to file all your new Making Tax Digital for VAT returns for the June quarter? As more new tax schemes are featured in HMRC's spotlights, the Treasury sub-committee asks for HMRC to report on use of avoidance schemes. We also have a pick of interesting cases, consultations and much more.
- 8 things I wish I had known about Making Tax Digital for VAT
- Treasury recommends new reporting sequence for HMRC on tax avoidance and disputes
- Digital Services Tax: consultation response
- SME Monthly Summary July 2019
- No deduction for expenses not incurred as part of the trade
- Warning about Dropbox: it deleted our files and then re-dated them