SME Tax News

The Supreme Court has just spent three days hearing the arguments to extend Legal Advice Privilege to chartered accountants and tax advisers.

The Kafkaesque outcome of the HOK case, Business Records Penalites, New Year-End Planning checkists and much more.

The Department for Business Innovation and Skills (BIS) has launched a consultation on implementing employee owner status. This follows an announcement by the Chancellor at the Conservative party conference on a new scheme to encourage employee share ownership.

In HMRC v HOK [2012] UKUT 363 (TCC) the Upper Tier Tax Tribunal (UTT) has ruled that the First Tier Tribunal (FTT) did not have the jurisdiction to reduce late filing penalties on grounds of unfair conduct by HMRC.

The recent report by the House of Commons' Public Accounts Committee (PAC) on "off-payroll" engagement in the public sector makes interesting reading. It transpires that we have all been over-egging the risks of IR35.

HMRC are set to risk-review 27,400 personal service companies for IR35 and increase IR35 enquiries in 2012/13.


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