SME Tax News

Dave Hartnett, HMRC's Permanent Secretary has admitted to MPs that he made a £8 million "error" when agreeing a tax settlement with investment bank Goldman Sachs.

Some good news:

Self-employed lecturers, teachers, instructors or those in a similar capacity may have simplified National Insurance arrangements from 6 April 2012.

Following the First Tier Tax Tribunal’s decisions in Morgan v HMRC and Self v HMRC [2009] SFTD 160 HMRC updated its Enquiry Manual to deal with situations where individual partners are in dispute about their share of partnership profit allocation.

In Revenue & Customs Brief 36/11 HMRC has announced a concession with regard to VAT on salary sacrifice arrangements for agreements in place at 28 July 2011.

Come and follow us on Twitter: @RossMartinTax

Following a stream of queries to our Virtual Tax Partner support service, we have a new Employer's quick guide to Broadband and an update on partnership structures.


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