In Direct Personnel Midlands Limited v HMRC [2019], the First Tier Tribunal decided that a recruiter did not automatically take over an employment agency’s PAYE liabilities when it paid the agency’s staff directly. The payments made also offset the agency’s charges for VAT.
SME Tax News
HMRC's latest Trusts and Estates newsletter contains some useful information. Here is our enhanced version.
In Assem Allam v HMRC [2020] TC7532, the First Tier Tribunal (FTT) dismissed a claim for Entrepreneurs' Relief on a sale of shares to the seller's own company. It found the disposal to be of capital, not income. The non-trading activities in the company being sold were substantial. The purpose of the transaction was not income tax avoidance.
HMRC have issued new guidance on ‘Tax avoidance schemes aimed at contractors and agency workers’ ahead of the extension of the off-payroll working rules to the private sector.
In Gareth Clark v HMRC [2020] EWCA Civ 204, the Court of Appeal (CoA) upheld the decisions in the two earlier appeals. It held that a transfer from an authorised pension scheme into another fund in order to enable pension cash to be invested in residential property amounted to an unauthorised payment.
HM Treasury have published 'Review of changes to the off-payroll working rules: report and conclusion'. It is their response to the review of the proposed changes to the off-payroll working rules applying them to the private sector for the first time.
Hello,
This week we are focusing on employers and have our annual ‘Employer’s: What’s on?’ update, as well as featuring some of our useful guides for employers. We have also summarised the latest HMRC Agent Update for you.
HMRC have issued a policy paper 'Revenue and Customs Brief 1 (2020): VAT liability of digital publications' confirming that their VAT treatment of supplies of digital newspapers and other digital publications has not changed following a recent Upper Tribunal decision.
HMRC have issued the Agent Update for February/March 2020. We have summarised the key content for you with links to our detailed guidance on the topics covered.
HMRC have published new advisory fuel rates for company car drivers which will apply from 1 March 2020.