HMRC have published a response to their consultation on ‘Tackling the hidden economy: Extension of data-gathering powers to Money Service Businesses’.
SME Tax News
The December 2016 Agent Update gave details of HMRC’s Online Agent Forum: a pilot digital channel set up to enable discussion of tax issues in real time.
The Scottish Government have confirmed that all Scottish income tax rates will be frozen for 2017/18, and the higher rate threshold will remain at £43,000.
In Marilyn May Phillipou v HMRC [2017] TC 05586 the First Tier Tribunal (FTT) upheld, but amended Schedule 36 information notices issued by HMRC.
Hello
Great to see the back of January. I hope it went well for all of you. This time we have a Making Tax Digital (MTD) survival kit, new rules on the cash basis and lots of director and company tax planning guides: only two months until the end of the next tax year.
HMRC have published a response to their consultation ‘Making Tax Digital: Transforming the tax system through the better use of information’.
Taxpayers who call the tax credits and self assessment helplines can enrol for voice identification in order to speed up the security process with HMRC.
In HMRC v Personal Representatives of Rachel Staveley (dec’d) & Others [2017] UKUT 004 the Upper Tribunal (UT) found that a failure to exercise pension rights was not a transfer of value.