The government has announced major changes to its Making Tax Digital for business (MTD) proposals. MTD will initially only apply for VAT. VAT registered businesses are mandated into HMRC's plans for quarterly bookkeeping and reporting from 2019. MTD will not become compulsory for other businesses or taxes until at least 2021.
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The government has published the European Union (Withdrawal) Bill. This will repeal the European Communities Act 1972 on 'Exit day' (Brexit) and make other provision in connection with the withdrawal of the United Kingdom from the EU.
IIn SRN Horizon v HMRC[2017] UKUT 0246 (TCC) an appeal was reinstated due to adviser error even though the taxpayer had ignored the tribunal’s directions and failed to provide any grounds for appeal.
The trusts and complex estates online registration service is now available for individuals.
HMRC have released their latest 'name and shame' list of deliberate tax defaulters. The list details the name of the defaulter, the industry, amount of tax avoided, and penalties charged.
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Lots of goodies this week. We compare the different submissions to the Making Tax Digital penalty condoc, we look at the Ranger's EBT case and actual actions v written contract terms and there is much more.
Responses to HMRC Consultation 'Making Tax Digital sanctions for late submission and late payment' have been mixed. Now the main bodies have published their responses to HMRC’s consultation it may be useful to see how their thoughts compare.
The government has announced that a new Telecommunications Infrastructure Bill will allow100% business rates relief for operators who install new fibre on their networks and the Bill will incentivise operators to invest in the broadband network.