The Chartered Institute of Taxation (CIOT) have written an open letter to Phillip Hammond asking him to reform the way tax policy is made in the UK.
SME Tax News
HMRC have launched a consultation ‘Penalty for participating in VAT fraud’. This proposes a new penalty for those that knew or should have known their transactions were connected with fraud.
Hello
This time we have one of our regular SME tax update specials. We also have some very interesting developments in devolving taxes and of course, there is much more if you read on.
In Peter Browne v HMRC [2016] TC05331 a careless delay in transferring funds between pension plans led to an unauthorised payment charge for the taxpayer.
In Andrew Chappell v HMRC [2016] EWCA Civ 809 HMRC recorded their 10th successive victory on tax avoidance schemes promoted by NT Advisors, bringing the total tax protected to over £900m.
HMRC's draft guidance on the new Northern Ireland Corporation Tax regime paves the way for a lower rate of Corporation Tax than the rest of the UK.
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This time we are looking at the findings from new RTI research, Finance Act 2016, and we also have updates for Personal Service Company owners.
HMRC have opened a consultation “Museums and galleries tax relief consultation” aiming to support museums and galleries and help them develop and display new exhibitions and collections.