HMRC have issued the Agent Update for December 2018/January 2019. We have summarised the key content for you with links to our detailed guidance on the topics covered. We have kept to HMRC's order of contents, it is not quite all 'SME', but there are some interesting items.
SME Tax News
After several recent tribunal cases on the subject HMRC have amended its guidance about whether a director has to file a tax return.
In Leverton Search Ltd v HMRC [2018] TC06786 a company successfully appealed late filing penalties: no employment intermediaries returns were actually due as the company was not a 'specified employment intermediary'.
Hello
What a week, in politics not tax. I was not going to mention the 'B' word though, as enough is enough.
In Tarrant Howl Ltd v HMRC [2018] TC06788, the FTT concluded that it was unreasonable to expect an employment intermediary to realise that it was required to file a nil return: HMRC's webpages on the topic were complex and invisible and the appellant would not have understood them.
The draft Scottish Budget for 2019/20 was announced by Scottish Finance secretary Derek MacKay on 12 December 2018 as planned.
HMRC have published their Employer Bulletin for December 2018. We summarise the key content for you, with links to our detailed guidance on the topics covered.
In Gary Hymanson v HMRC [2018] TC 6815, the FTT determined that a taxpayer did not lose his fixed protection certificate because he made a mistake in making payments to his pensions.