Julie Deane, CEO of the Cambridge Satchel Company, has made ten recommendations along with her self-employment review, which was commissioned by David Cameron in July last year.
SME Tax News
HMRC have issued their Employer Bulletin for February 2016, and we have summarised all of the key content for you, with links to our detailed guidance on the topics covered.
In David Crossman v HMRC [2016] UKFTT TC04811 the First Tier Tribunal (FTT) denied a claim for reasonable excuse when an accountant failed to notify a bathroom fitter of his obligations under the CIS scheme, but agreed that some payments he made were not within the scheme.
Hello
I was thinking that we might have a bit of time to relax post-January, but not a chance. I was working out the top things to do in practice this year and it made me feel slightly ill. I started to write a "top ten" list for this month for SME advisers and came up with the suggestions below, I realise that this is just the tip of the iceberg:
In R (on the application of City Shoes Wholesale Ltd) v HMRC [2016] EWHX 107 (Admin) an application for judicial review was denied to nine EBT operators who were refused the benefits of the LDF.
HMRC has carried out a very short consultation into proposed regulations which will have implications for everyone involved in providing tax advice, requiring advisers to notify their clients about the "Common Reporting Standard".
In Dr Sharat Jain v HMRC TC 04788 [2015], an NHS consultant who carried on private work at weekends from various hospitals was disallowed his home to travel and subsistence costs. They were not wholly and exclusively incurred: the FTT applied the reasoning from the Dr Samadian decision.
Hello
Just a short web-update this week. Reviewing my inbox and the type of queries we are seeing, there is clear evidence that the government's tax policy is doing a lot to bolster the profits of professional firms.
- Fee paid to avoid tax partner's bankruptcy: disallowed
- Discovery assessment: Court of Appeal decision on adequate disclosure
- Company car benefit but no fuel benefit on partnership cars
- Making Tax Digital: Alternative truths and myths
- RIP: Post Transaction Valuation Checks
- Nichola's SME Tax w-update 29 January 2016