HMRC have published a research report, ‘Understanding avoidance scheme users’ decision making, customer experience and future compliance intentions when settling their enquiry with HMRC’.
SME Tax News
In Kieran Looney, Kieran Looney and Associates v HMRC [2020] UKUT0119, the Upper Tribunal (UT) dismissed a claim that a contractual early termination fee was capital compensation and that payments received were the income of a related offshore entity which was not a party to the contract.
The Chancellor has extended the Coronavirus Job Retention Scheme (CJRS) by four months to the end of October 2020 alongside a proposed relaxation of some of the scheme rules.
Hello,
This time we have our newly updated and FREEVIEW Self-Employed Income Support Scheme (SEISS) eligibility checking tool. This takes you step by step over the detailed conditions for eligbility, which is useful if you have been self-employed for some years and not others or have had irregular earnings. Our tool is different to HMRC's checking tool, which basically just tells you yes or no and little more.
HMRC has barred tax agents from making claims on their clients' behalf under its new coronavirus Self-Employed Income Support Scheme (SEISS) portal.
The Office for Tax Simplification (OTS) has launched a new consultation ‘Claims and Elections Review - call for evidence’ to look at ways to simplify claims and elections across different taxes in relation to individuals, businesses and partnerships.
In April 2020 the Trust Registration Service (TRS) added a new facility to allow online amendments to be made to the trust register, nearly three years after the TRS was first introduced.
The government has published the ‘Regulation of pre-paid funeral plans: response to consultation’, outlining its intentions to bring funeral plans within the regulatory framework of the Financial Conduct Authority (FCA).
The government has accelerated changes to apply a permanent zero rate of VAT to supplies of certain electronic publications ('e-publications') from 1 May 2020. Supplies of e-books, e-newspapers, e-magazines and academic e-journals will now be entitled to the same VAT treatment as supplies of their physical counterparts.
Missed our SME Tax Web-updates in April? Here is a summary of the month.