SME Tax News

HMRC have published statistics on the use of tax-advantaged employee share schemes, such as Enterprise Management Incentives (EMI) for the 2017/18 tax year.

In Kevin McCabe v HMRC [2019] TC7145 the FTT held that HMRC was not required to disclose documents relating to a “mutual agreement procedure” with the Belgian tax authorities; they were not sufficiently relevant to establishing his tax residency position.

HMRC has published the conclusions of their research into how best to communicate the introduction of a 30 day payment window for CGT on UK residential property from April 2020.

Hello

It is midsummer and it is sunny. 'I know a bank where the wild thyme blows...' and I am looking forward to a bit of gardening later. In the meantime let's talk some tax.

HMRC have published a response to their consultation on the new Structures and Buildings allowance and in their final draft of the legislation and guidance have amended some of the original proposals.  

In Paul Wheeler v HMRC [2019] TC07164 the FTT granted a costs award against an unrepresented taxpayer for unreasonable behaviour; to be enforced in the future when he has sufficient funds.