Hello
Another useful case on take-aways and HMRC best judgement assessments this week, plus the Budget is set for October.
Hello
Another useful case on take-aways and HMRC best judgement assessments this week, plus the Budget is set for October.
Due to a technical glitch some of you have not received our SME Tax Web-updates in recent weeks. Our publishing policy is 'less is more' and so rather than republish now and risk over-burdening your inboxes we have made you a summary of the content that you may have missed and which you can read at your leisure.
In John McFarlane v HMRC [2018] TC06512 the First Tier Tribunal (FTT) dismissed appeals by an unrepresented taxpayer; he did not discharge the burden of proof, had acted carelessly and his agent had acted deliberately.
Hello
This week we have the latest HMRC Agent Update which focusses on Making Tax Digital and some practical issues around agent services accounts. We also have our latest Company Tax: What's New? guide which includes the latest cases involving companies and their directors plus a new VAT guide.
HMRC have issued the Agent Update for June/July 2018. We have summarised the key content for you with links to our detailed guidance on the topics covered.
In Jensal Software Ltd v HMRC [2018] TC06501 the First Tier tribunal (FTT) held IR35 did not apply to an IT contractor working for the DWP; the level of control fell far below the sufficient degree required to demonstrate a contract of service.
In JP Whitter (Water Well Engineers) Limited v HMRC [2018] UKSC 31, the Supreme Court (SC) agreed that HMRC did not have to consider the wider impact on the taxpayer’s business when cancelling its Construction Industry Scheme (CIS) gross payment status.
The Office of Tax Simplification (OTS) has published its review of ‘Accounting depreciation or capital allowances? Simplifying tax relief for tangible fixed assets’, which considered replacing capital allowances with depreciation.