HMRC have advised that they will be late in issuing self-assessment late filing penalty notices this year due to Brexit.
SME Tax News
HMRC have issued further guidance about how to report and pay the disguised remuneration loan charge which takes effect on 5 April 2019.
HMRC have issued the Agent Update for February/March 2019. We have summarised the key content for you with links to our detailed guidance on the topics covered.
HMRC have published new advisory fuel rates for company car drivers which will apply from 1 March 2019.
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As the clock ticks down on both Brexit and Making VAT Digital, we have decided to ignore the former and concentrate on what everyone needs to do in order to become compliant for the new VAT regime.
The government’s reaction to the House of Lords Economic Committee’s November 2018 recommendations in their paper, 'Making Tax Digital for VAT: Treating Small Businesses Fairly (House of Lords Paper 229)' may not give comfort to any small businesses and their advisers who were hoping that HMRC may yet postpone or modify the current plans to making VAT much more digital.
In HMRC v X Ltd, Y Ltd and Z Ltd [2018] TC06846 the First Tier Tribunal (FTT) held that where a hearing was held to approve HMRC issuing third party notices, neither the taxpayer nor the third parties were entitled to attend.
In Tony Michael Jimenez v FTT [2019] EWCA Civ 51 the Court of Appeal overturned the High Court decision and ruled that a Schedule 36 information notice issued to a taxpayer abroad was valid.
- Company cars: proposed changes to CO2 emissions
- Nichola's SME Tax W-update 15 February 2019
- The loan charge; timescales, bankruptcy and insolvency
- Stamp Duty Land Tax: Non-UK resident surcharge consultation
- The importance of establishing a taxpayer’s residency position
- Nichola's SME tax W-update 8 February 2019