From 30 September 2016, advisers must notify clients with offshore investments that HMRC will receive information under the Common Reporting Standard from over 100 other countries about their identity and the investments held.
SME Tax News
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This time we have the extraordinary case of what happened when the BBC attempted to manipulate the law, last minute warnings on disappearing allowances and something for granny.
HMRC have published their Employer Bulletin for October 2016. We summarise the key content for you, with links to our detailed guidance on the topics covered.
In Paya Limited and Tim Wilcox Limited v HMRC [2016] TC03856 the BBC fails to persuade the First Tier Tax Tribunal (FTT) that 'Aunty knows best' when it comes to IR35 witness evidence
The leading tax and accounting bodies have published their responses to the Office of Tax Simplification (OTS) discussion papers on small company tax reform, ‘Lookthrough taxation’ and ‘Sole Enterprise with Protected Assets'.
Business Premises Renovation Allowance (BPRA), a relief which can provide 100% relief for expenditure on converting or renovating unused commercial property for business use, comes to an end on 31st March 2017 (5 April 2017 for companies).
The purchasers of properties with self-contained annexes before 1 April 2016 might have unknowingly overpaid Stamp Duty Land Tax (SDLT).
In Gary John Robb v National Crime Agency [2016] TC 05374 the First Tier Tribunal (FTT) upheld tax and penalty assessments made by the Serious Organised Crime Agency (SOCA) in targeting a known criminal.