SME Tax News

HMRC have released additional guidance explaining how taxpayers using employment related disguised remuneration schemes can pay their loan charge direct.

Recent experiences with the HMRC Stamp Office suggest that it is struggling to keep up with the current volume of transactions following recent changes to the SDLT filing and payment window.

In Talkative Limited v HMRC [2019] TC07172 the FTT dismissed an appeal against late filing penalties for an employment related securities return; ignorance of the law and reliance on an adviser were not reasonable excuses.

HMRC have published their Employer Bulletin for June 2019. We summarise the key content for you, with links to our detailed guidance on the topics covered.

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Good news this week for some who received High Income Child Benefit Charge late notification penalties. A new Agent update and our Virtual Tax Partner Toolkit 'TAMI' expands.

HMRC have issued Revenue & Customs Brief 3 (2019) VAT zero rating of transport for disabled passengers. This is to clarify its position and considers the situation where passenger vehicles are adapted for wheelchair transport.