In BCM Cayman LP and various Bluecrest entities v HMRC, taxpayers were only partially successful in forcing HMRC to issue closure notices into long running and complex tax enquiries concerning the tax arrangements of hedgefunds.
SME Tax News
HMRC have released the updated VAT Fuel Scale Charge rates, to apply from 1 May 2017.
Finance (No 2) Act 2017 introduced measures that permit HMRC to tax any outstanding EBT loans made since 6 April 1999 on the basis that a non-repayable loan it not a loan, but is disguised pay.
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This week we have a Making Tax Digital special. We have a new Toolkit for accountants and advisers and we look more closely at what you need to do in the year ahead.
HMRC registration for Money Laundering Supervison is moving online, those who are digitally excluded may still register on paper.
Plans to increase probate fees for all estate worth inexcess of £50,000 increase from May 2017 have been dropped: there is no time to introduce the legislation because of the general election.
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What a week: the chancellor has backed down on his Spring Budget announcement on increasing NICs for the self-employed and now the House of Lords are urging HMRC to put the brakes on Making Tax Digital.
The House of Lords Finance Bill Sub-Committee has called on HMRC to put the brakes on Making Tax Digital (MTD) for business amidst widespread fears that MTD won't make any savings for government and is being rushed.