Staff Christmas parties: how to claim tax relief on your Office Christmas Party. Must all staff attend? Is there tax relief for an owner manager or personal service company owner? Are there any reliefs? How do you avoid a hangover?
This is part of our Tax & Accounting at Christmas Special, as we analyse the tax and accounting treatments of Christmas and count down each working day until the Christmas holidays in the UK.
Hello
HMRC have just updated their Check Employment Status for Tax tool (CEST). They seem to be quite tight lipped about the exact nature of the changes. Is that unhelpful or just careless?
HMRC has recently updated its Check Employment Status for Tax (CEST) tool although it seems unwilling to provide a concise list of the changes. Instead, it merely tells us that on 25 November 2019, the CEST tool "has been updated so if you do not know the worker, the tool will not ask questions about their circumstances".
In Foojit Ltd v HMRC [2019] TC7467, the First Tier Tribunal dismissed a claim for EIS relief on shares with preferential dividend rights. Someone had to decide when the dividends would be paid and this made them excluded shares for the relief.
In its latest 'Pension schemes newsletter 115' – November 2019, HMRC has warned pension scheme administrators that they must remind their members to declare details of their annual allowance charges in their self-assessment returns.
In John Pettitt v HMRC [2019] TC7451 reliance on a tax agent was not a reasonable excuse and late filing penalties of £1,935 were upheld by the FTT.
HMRC have published new advisory fuel rates for company car drivers which will apply from 1 December 2019.
Doctors may have done other high earning UK taxpayers a favour by pushing the issue of the Annual Allowance Taper up the political agenda. What are the issues? Are doctors really being treated badly?
The Scottish Budget was originally scheduled for election day, 12 December 2019. It has therefore been delayed and no new date has yet been set.
Hello
We have a mixed bag of updates and case reports this week, but funnily enough, the capital taxes are the ones that always catch our eyes.