Hello,
We have launched our coronavirus Self-Employment Income Support Scheme (SEISS) tool this week for the first stage of testing with unrepresented taxpayers. So far so good, everyone gets the basics. There is an enhanced version in the pipeline for those who struggle with averaging.
The government has published ‘Independent Loan Charge Review summary of evidence’ which sets out the evidence provided to Sir Amyas Morse as part of the independent loan charge review undertaken in December 2019.
The House of Lords Economic Committee's review of the proposed extension to the IR35 Off-Payrolling rules, 'Off-payroll working: treating people fairly', concludes that the rules are flawed and the government should re-think tax and employment status. It also makes some radical recommendations for short-term tax fixes.
In Bella Figura Ltd V HMRC [2020] UKUT 120, the Upper Tribunal (UT) found that HMRC were out of time on two of the three discovery assessments and incorrectly issued one relating to a pension unauthorised payment charge.
HMRC have published new research, ‘Understanding tax avoidance arrangements used by contractors’, undertaken in 2018 to help HMRC better understand how contractor tax avoidance schemes are promoted and how contractors view such schemes.
Due to the disruption caused by the COVID-19 crisis, HM Treasury and HMRC have extended the deadlines for ten ongoing tax policy consultations and calls for evidence by three months, and delayed the publication of other documents announced at Budget 2020.
HMRC have published their Employer Bulletin for April 2020. We summarise the key content for you, with links to our detailed guidance on the topics covered.
Hello,
Another bumper edition this week with lots of updates, plus we have added some new guides for Landlords and Working from Home.
In Arron Banks v HMRC [2020] UKUT0101, the Upper Tribunal (UT) upheld the decision to deny Inheritance Tax relief for gifts made to UKIP. There was no discrimination under EU law, the party did not meet the relevant criteria for relief.
Hello,
As the government continues to update the finer details of its various COVID-19 grant and financial support schemes, I have the feeling that we are trapped in a warped version of 'Groundhog Day' except that there are subtle differences each time we review the guidance.