In Dilip Amin v HMRC [2016] TC 05265 the partial disposal of an accountant's business premises did not qualify for CGT Entrepreneurs’ Relief just because he also disposed of some goodwill at the same time.
SME Tax News
If you missed our summer web-updates, here is a summary for you!
HMRC have launched three consultations on ‘Tackling the hidden economy’ proposing tougher sanctions, conditionality and the extension of data-gathering powers.
Hello
This week we have a slightly employer-oriented edition. HMRC are sending out fines for late filing of what was the old Form 42 and there is a new Employer Bulletin. We also have a guide to the Apprenticeship levy and also apprenticeship funding.
HMRC say that they have started issuing penalty notices for late or non-filing of employment related securities annual returns.
HMRC have announced that taxpayers with Personal Tax Accounts can now make online claims for tax refunds.
HMRC have launched a consultation 'Tackling offshore tax evasion: A Requirement to Correct.' This would require anyone with undeclared UK tax liabilities relating to offshore matters to correct the situation by September 2018 or face stiff penalties.
HMRC have released Revenue and Customs Brief 13 (2016), 'VAT, the liability treatment of a dwelling formed from more than one building', this sets out a change in its VAT treatment for contruction and conversion of dwellings.