HMRC have published new research, ‘Understanding tax avoidance arrangements used by contractors’, undertaken in 2018 to help HMRC better understand how contractor tax avoidance schemes are promoted and how contractors view such schemes.
SME Tax News
Due to the disruption caused by the COVID-19 crisis, HM Treasury and HMRC have extended the deadlines for ten ongoing tax policy consultations and calls for evidence by three months, and delayed the publication of other documents announced at Budget 2020.
HMRC have published their Employer Bulletin for April 2020. We summarise the key content for you, with links to our detailed guidance on the topics covered.
Hello,
Another bumper edition this week with lots of updates, plus we have added some new guides for Landlords and Working from Home.
In Arron Banks v HMRC [2020] UKUT0101, the Upper Tribunal (UT) upheld the decision to deny Inheritance Tax relief for gifts made to UKIP. There was no discrimination under EU law, the party did not meet the relevant criteria for relief.
Hello,
As the government continues to update the finer details of its various COVID-19 grant and financial support schemes, I have the feeling that we are trapped in a warped version of 'Groundhog Day' except that there are subtle differences each time we review the guidance.
HMRC have issued the Agent Update for April/May 2020. We have summarised the key content for you with links to our detailed guidance on the topics covered.
HMRC have announced that they will not charge any penalties for failure to report Capital Gains on UK residential property within the new 30-day deadline until after July 2020.
Hello,
With little chance of the UK government lifting the lockdown until the end of April, there are signs that many smaller firms of accountants and advisers have recovered from their initial shock and are keeping busy with work.
There is an ongoing moral debate about whether football clubs should furlough non-playing staff under the Job Retention scheme put in place by the government to support businesses during the COVID-19 pandemic.