In Harrison Solway Logistics Ltd v HMRC [2019] TC06956 the First Tier Tribunal allowed appeals against Benefit in Kind charges for company cars where the directors repaid the leasing costs of those cars to the company.
SME Tax News
In Kevin Fearon v HMRC [2018] TC6818 the FTT rejected an appeal against four years of tax assessments and penalties for incorrectly claimed subsistence expenses. The errors were deliberate and 56% penalties applied.
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This time we feature two of the most topical SME tax cases that you are likely to see for some time. We think we have the answer to the lock-jam that is Brexit, we have more on Making VAT Digital, offpayrolling, the loan charge (you must act now) and more VAT-y stuff too.
In Albatel Limited v HMRC [2019] TC07045 the First Tier Tribunal allowed appeals against assessments of £1.2m on Lorraine Kelly’s personal service company; IR35 did not apply, ITV did not employ her, it was buying her brand.
HMRC's latest Employment-Related Securities Bulletin contains some handy tips. Here is our enhanced version.
In Richard Villar v HMRC [2018] TC 6983 the FTT held that the sale of the business of an orthopaedic surgeon was a disposal of capital and not merely of a right to income.
Perhaps the one thing that everyone can agree on is that Brexit has become a national crisis and an embarrassment to us Brits. Nichola Ross Martin suggests a way out of the log jam.
Draft legislation has been published for the new Structures and Buildings Allowance which differs from the original proposals announced in October 2018.
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Some more interesting news on the 'disguised remuneration' loan charge this week. It turns out that one of the major promoters of self employed disguised schemes did not notify the schemes under DOTAS. By co-incidence, there is a growing realisation that HMRC's estimates that only some 50,000 people are affected by the coming loan charge may be woefully low.
In HMRC v Hyrax Resourcing Limited & Bosley Park Limited & Peak Performance Head Office Services Limited [2019] TC07025 the First Tier Tribunal (FTT) found that a contractor loan scheme should have been notified under the Disclosure of Tax Avoidance Schemes (DOTAS) regulations.