In Karl Higginbottom, Karl Critchley & Michael Lyon v HMRC [2019] TC6521 three employed workers were unsuccessful in claiming tax relief on for the costs of laundry and personal hygiene. They were unable to prove how much they had spent and whether the costs were incurred in performance of their duties as employees.
SME Tax News
In HMRC v Hyrax Resourcing Limited & Bosley Park Limited & Peak Performance Head Office Services Limited [2019] TC07025 the First Tier Tribunal (FTT) found that a contractor loan scheme should have been notified under the Disclosure of Tax Avoidance Schemes (DOTAS) regulations.
MP’s are claiming that HMRC’s estimate of the number of healthcare professionals who will be affected by the upcoming loan charge is too low.
The chancellor of the exchequor Philip Hammond presented his Spring Statement today. It is not another Budget, that is set for next Autumn. Here are the highlights.
A cross party group of MPs have submitted a new clause to amend the Sanctions and Anti-Money Laundering Act 2018 to ensure that the British Crown Dependencies of Guernsey, the Isle of Man and Jersey, all introduce publicly accessible registers of the beneficial ownership of companies within their jurisdiction no later than 31 December 2020. The government is accused of trying to delay its proposed measures ahead of a no-deal Brexit.
The EU has abandoned its plans to introduce a 3% digital tax levy after lack of agreement between member states. The move was vetoed by Ireland, Denmark and Sweden, meanwhile the UK, France, Italy and Spain have all proposed to introduce a digital tax at a national level.
Under measures confirmed today, the Dutch Caribbean island of Aruba, Barbados, Belize, the British overseas territory of Bermuda, Fiji, the Marshall Islands, Oman, the United Arab Emirates, Vanuatu and Dominica all join the EU's tax haven blacklist.
The government has a launched a consultation “Protecting your taxes in insolvency” which looks at making HMRC a secondary preferential creditor for certain tax debts on the insolvency of a business. It closed on 27 May 2019.
- Nichola's SME Tax W-update 8 March 2019
- Case dismissed: analysis of a tax penalty appeal
- Capital allowances: fixing the price of fixtures
- The Loan charge: Key dates, case studies and new settlement deadline
- Off-payroll working rules for the private sector: consultation
- Nichola's SME tax W-update 1 March 2019