The Office of Tax Simplification (OTS) have published a review of VAT, 'Value added tax: routes to simplification'. The European Commission has also published an impact assessment on simplification.
SME Tax News
In Barclays Wealth Trustees (Jersey) Limited and Michael Dreelan v HMRC [2017] EWCA Civ 1512 the Court of Appeal (CA) considered whether assets transferred between trusts could be excluded property.
Uber has lost its appeal to the Employment Appeal Tribunal (EAT) against the earlier decision of the Employment Tribunal (ET) to find that Uber drivers were workers for employment law purposes.
In Merrie v HMRC [2017] TC016103 the tribunal upheld £95,112.79 in penalties for inaccuracies in a self-assessment return: the taxpayer misunderstood when he must declare the gain on the sale of his company.
In William McAdam v HMRC [2017] TC05563 the First Tier tribunal denied a tax deduction for wages paid to a plumbers wife of £90 per week; the amounts were excessive for the work done and should be reduced.
It is reported that scammers pretending to be from HMRC, and chasing outstanding tax were very active in North Dorset yesterday.
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This time we have a self employed special: we are focusing on sole trader and partnership clients.
The government have announced that Class 2 NICs, which were due to be abolished from April 2018, will remain for one more year, until April 2019.