SME Tax News

In Aegis Vision Limited and Sanjay Agarwal [2019] TC7038 the provision of a chauffeur and car was a taxable benefit despite some efforts to ensure that the chauffeur was self employed and providing car services in that capacity.

In Stephen Hoey v HMRC [2019] TC07292 the FTT held that discovery assessments on EBT loans which had been disclosed by the taxpayer were valid, and HMRC could decide to transfer the tax due from the employer to the employee.

HMRC have issued the Agent Update for August/September 2019. We have summarised the key content for you with links to our detailed guidance on the topics covered.

With a month to go before the introduction of the VAT reverse charge mechanism to the Contruction Industry, there are signs that some of the top selling accounting and bookkeeping software for small business is not yet ready for the changes. 

The new chancellor Sajid Javid has said that he will simplify the tax system in his first budget. Yes, Minister! We have all heard all this before and there is even an Office of Tax Simplification to prove it.

The paradox for all chancellors in the task of simplifications is that it will result in some losers and not just winners and no chancellor will want to risk unpopularity.

Hello

We are trying to keep it light this week as so many folk are away on their holidays. We do feature a really interesting VAT case which is also useful if you are one of many of those advisers who ask what can my employment agency client do to remain more competitive?