SME Tax News

This time: where now for travel and accommodation claims? Top tips on furnished letting, purchase of own shares and CGT relief, and a briefing on HMRC's current stance on "wholly and exclusively".

New rules use government buying power against tax avoidance. The government is proposing new rules that will ban companies and individuals which take part in failed tax avoidance schemes from being awarded Government contracts.

The Chartered Institute of Taxation (CIOT) is calling for an extension of the penalty free period for employers filing payroll under Real Time Information (RTI) reporting.

The government's proposed cap on income tax reliefs will distort decisions on how businesses should be structured and lead to more decisions being taken for tax rather than commercial reasons, tax simplification measures are "badly designed" and disincorporation relief has a "bizarre effect" say the Association of Taxation Technicians.

According to HMRC a record number of SA returns were filed online this year. So well done everyone.

What's new in tax?

Following a successful pilot of 400 cases HMRC decided in 2013 that Alternative Dispute Resolution (ADR) was to become a permanent feature of SME tax administration.