HMRC have published a new consultation, ‘Taxation of self-funded work-related training: Consultation on the extension of tax relief for training by employees and the self-employed’.
SME Tax News
In Jonathan Beacon v HMRC [2018] TC6362 a NHS consultant’s claim for side-ways loss relief on the costs of running his Tuscan Villa as a business were allowed by the FTT. Whilst HMRC tried to argue that there was no business, it was shown that the letting business did operate commerically, it had just been badly affected by the 2008 financial crisis
The government have published a call for evidence, ‘ VAT, Air Passenger Duty and Tourism in Northern Ireland’, which is seeking evidence on the impact of VAT and Air Passenger Duty (APD) on tourism in Northern Ireland.
Hello
The Chancellor kept to his word this week and did not turn his Spring Statement into a mini-budget.
HMRC's latest Employment-Related Securities Bulletin contains some handy tips. Here is our enhanced version.
Following the introduction of tax-free childcare for all from February 2018 the childcare voucher scheme was due to close to new entrants in April 2018; this has now been extended by six months.
In Conegate Limited v HMRC [2018] TC06340 the FTT denied a claim for capital loss relief: market value should have been applied to the disposal and one of the main purposes for entering into the transaction was to secure a tax advantage.
In City Shoes Wholesale Ltd & Ors v HMRC [2018] EWCA Civ 315 the Court of Appeal agreed there was no conspicuous unfairness leading to an abuse of power by HMRC in denying the Liechtenstein Disclosure Facility (LDF) to users of EBT schemes.