In Michael Robert Harrison and Sharon Ross v Revenue Scotland [2019] FTSTC 5 the Scottish tribunal again allowed an appeal against daily penalties for late filed LBTT returns; the law on penalties was not complied with.
SME Tax News
In Begbies Traynor (Central) LLP v Revenue Scotland [2019] FTSTC 4 the Scottish First tier tribunal allowed an appeal against penalties for a late LBTT return; Revenue Scotland had not met the legal conditions to permit them to charge daily penalties.
There have been problems with the self-assessment system and payments on account for 2018/19 which may result in some taxpayers facing larger than usual tax bills in January 2020.
Following this year’s spring statement HMRC published its updated strategy on tackling offshore tax compliance, ‘No Safe Havens 2019’ which extended it’s 2014 aims by targeting offshore avoidance as well as evasion.
In Mohammed Abdul Malik v HMRC [2019] TC07198 the FTT upheld a personal liability notice for VAT penalties issued to a company employee; he was a manager therefore an officer of the company.
Missed our SME Tax Web-updates in June? Here is a summary of the month.
Hello,
We thought that it was looking quiet on the news front this week, however, there are one or two really useful things, so do read on.
HM Treasury has published its policy conclusions on proposals for a ‘Breathing space scheme’ for individuals suffering from problem debt together with proposals for a statutory debt repayment plan.
- Tax rebate company should have ID checked customers
- HMRC statistics: Share option schemes remain popular
- No requirement to disclose Mutual Agreement Procedure documents
- CGT payment dates: taxpayers tell HMRC not to leave it too late
- Nichola's SME Tax W-update 21 June 2019
- Structures and Buildings allowance: consultation responses