SME Tax News

HMRC have issued the Agent Update for February/March 2019. 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 2019.


As the clock ticks down on both Brexit and Making VAT Digital, we have decided to ignore the former and concentrate on what everyone needs to do in order to become compliant for the new VAT regime.

The government’s reaction to the House of Lords Economic Committee’s November 2018 recommendations in their paper, 'Making Tax Digital for VAT: Treating Small Businesses Fairly (House of Lords Paper 229)' may not give comfort to any small businesses and their advisers who were hoping that HMRC may yet postpone or modify the current plans to making VAT much more digital.

In HMRC v X Ltd, Y Ltd and Z Ltd [2018] TC06846 the First Tier Tribunal (FTT) held that where a hearing was held to approve HMRC issuing third party notices, neither the taxpayer nor the third parties were entitled to attend. 

HMRC have issued Spotlight 48: Disguised remuneration contractor loans settlements and obtaining a deed of release, to clarify how their settlement terms work for inheritance tax (IHT).