SME Tax News

In Barry Gilbert v HMRC [2018] TC6627 a non resident failed to report the disposal of his UK property within the 30 day deadline. His appeal against his late filing penalties failed: the FTT found that a non-resident failed to keep himself abrest of UK law.

In Nigel Pitcock & Karen Pitcock v HMRC [2018] TC6590 two non residents incurred late filing penalties for failing to notify the disposal of their UK residence within the 30 day time limit: their ignorance of the change in the law was deemed to be a reasonable excuse for their failure.

Self Assessment returns for the year ending 5 April 2018, online filing exclusions. If your case is on the list you are not able to file online and must complete a paper tax return. Don't forget that it needs an actual signature. 

In Eric Scowcroft v HMRC [2018] TC6527 a New Zealander's appeal against late filing penalties in respect of a Non Resident Capital Gains tax return was successful. He was unaware of the new filing requirement and his conveyancing solicitor did not point it out.

The Low Incomes Tax Reform Group (LITRG) is reminding students who have been working over the summer to make sure they have not overpaid tax and, if they have, to claim a refund from HMRC.

Following the Bank of England’s decision to increase the base rate, HMRC have announced that their late payment interest rate will increase by 0.25% to 3.25% with effect from 21 August 2018.

A freedom of information (FOI) request obtained by The Times newspaper reveals that HMRC is vetting celebrities before they are awarded honours. The move is controversial as HMRC is not normally allowed to share personal data.

Finance Bill 2019 includes proposals which will reduce the deadline for paying SDLT and filing the SDLT return from 30 days to 14 days.

Finance Act 2019 enables employers to pay certain subsistence expenses without needing to check or retain employee's receipts.