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The government's plans to force businesses to undertake quarterly reporting have received a blow this week. The success of an accountant's petition opposing the proposals has prompted a debate in parliament.
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The government's plans to force businesses to undertake quarterly reporting have received a blow this week. The success of an accountant's petition opposing the proposals has prompted a debate in parliament.
HMRC's List 3 which lists the professional bodies and learned societies with tax-deductible fees, has been updated.
See: Employers > Employee expenses > Fees and subscriptions to professional bodies.
In HMRC v Smith & Williamson Corporate Services and Patrick Smiley UKUT [2015], a payment received by a new employee from a third party in respect of his client connections was held to be employment income and not a capital payment in respect of any transfer of goodwill.
The government has announced that it will now debate the petition "Scrap plans forcing self employed & small business to do 4 tax returns yearly". A debate is required as over 100,000 people have signed.
HMRC's chief executive, Lin Homer, has announced that she is leaving her post. She is two years off retirement.
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Happy New Year! Writing this year's guide to Tax Planning for the 2015/16 year end has been an enlightening experience following all the changes and proposals to tax over the last 12 months.
The government is to proceed with the introduction of fees in the Tax Chamber of the Tribunal Service despite the strong opposition to the proposals.
The government's plans to make all the self employed report to HMRC on a quarterly basis are proving to be deeply unpopular with taxpayers. A petition against the measure has attracted over 105,000 signatures in a matter of weeks.