SME Tax News

Permanent Secretary, Dave Hartnett has confirmed HMRC's intention to roll out further tax disclosure facilities in the future in order to target "sensibly defined groups", as identified by its risk analysis.

The “big cheeses” of business and employers organisations have launched a petition to say "No" to the rise in National Insurance Contributions (NICs) planned for April 2011.

VAT cheque payments by post - important changes

From 1 April 2010 all cheque payments by post will be treated as being received by HM Revenue & Customs (HMRC) on the date when cleared funds reach HMRC’s bank account.

It is reported that HMRC is taking a keen interest in the tax planning schemes of some of some UK based footballers and sports stars. What is interesting is whether IR35 will apply in these cases.

The Government has published a draft Tax Framework for business in order to provide greater certainty about the development of tax policy. Unfortunately, this objective only applies to large businesses.

Last week, the millionaire business man Robert Gaines-Cooper lost his final appeal in his residency court battle. The case illustrates the difficultly in advising clients in this area.

 

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