The government has published a response to the consultation ‘Limited Partnerships: Reform of Limited Partnership Law’. The consultation examined how to limit the risk of misuse of limited partnerships and ways in which laws could be updated.
SME Tax News
Hello
I hope that you are all holding up through the worst month of the tax year.
In W Coomber v HMRC [2016] UKFTT 0809 the First-Tier Tribunal (FTT) dismissed the taxpayer’s appeal that he had a reasonable excuse because the bank failed to honour his cheque despite sufficient funds.
In Bryan Scambler & Rebecca Scambler v HMRC [2017] UKUT 001 the Upper Tribunal (UT) denied sideways loss relief for dairy farmers who had made losses for over five years.
The House of Commons Treasury Committee have published a report recommending that HMRC change their approach to Making Tax Digital (MTD).
In Abingdon Health Limited v HMRC [2016] TC 05525, EIS relief was denied as shares acquired preferential rights on the issue of a new class of growth shares.
HMRC have published a response to their further consultation published in August 2016 on ‘Reforms to the taxation of non-domiciles’.
Hello
We are back with the real tax news and not a conspiracy theory in site!