In Umesh Gadhavi v HMRC [2020] TC07890, the First Tier Tribunal (FTT) upheld HMRC's information request to produce bank statements under Schedule 36 FA 2008 finding that the taxpayer could not provide a valid reason as to why the request should not be fulfilled.
SME Tax News
In John Lancashire, Timothy Lee, Mark Johnson v HMRC [2020] TC7884, the First Tier Tribunal (FTT) rejected a claim to take credit for the PAYE that should have been deducted by an employer against income Tax assessments made in respect of a failed tax scheme. The Transfer of Assets abroad provisions trumped the PAYE rules and HMRC's assessments were valid.
In Hamish Taylor v HMRC [2020] TC07893, a claim for travel and subsistence by a sub-contractor failed on the basis that his home was not his base of operation.
Missed our SME Tax Web-updates in October? Here is a summary of the month.
HMRC have released guidance in respect of making repayments of sums received through the Eat Out to Help Out scheme.
HMRC’s latest Employment-Related Securities Bulletins focus on the impact of COVID-19 on employee share and incentive schemes. Here is our enhanced version.
This year we celebrate ‘Halloween’ in our virtual world, which has the advantages of being both COVID-19 and plastic free. We do have quite a number of tricks and treats for you. Which is trick and which is treat? You decide.
The Insolvency Service has announced that new laws will require mandatory independent scrutiny of pre-pack administration sales where connected parties are involved in the purchase.
In Leslie and Catherine Phillips v HMRC [2020] TC7859, the First Tier Tribunal (FTT) allowed a claim for Private Residence Relief for a house with a larger garden than the area set within the tax rules. Evidence showed that people in the country like bigger gardens and some neighbouring properties also had large gardens too.
In Darren Wilkinson v HMRC [2020] TC7861 the First Tier Tax Tribunal (FTT) considered the tax treatment of compensation paid by Barclays Bank PLC as a result of the mis-selling of interest rate swaps.