HMRC have published the Summary of Responses to Extra Statutory Concessions – Eighth Technical Consultation on Draft Legislation, which addressed four extra-statutory concessions (ESC) and ran until 9 December 2017.
SME Tax News
HMRC have published Draft Legislation: The Income Tax (Pay As You Earn) (Amendment No ***) Regulations 2017, which updates the PAYE Settlement Agreement (PSA) process and make it easier and simpler to administer.
From 14 February 2018 tax free childcare is open to all eligible families regardless of the age of the youngest child.
As part of their response to the 2017 Taylor Review of Modern Working Practices the government has opened a new consultation into Employment Status.
The government has published “Good work”, its response to the The Taylor Review of Modern Working Practices. which aimed ‘to improve the lives of this country’s citizens’ together with four new consultations covering the employment and the labour market.
The Scottish government has opened a consultation into providing relief to First time buyers from Land and Buildings Transaction tax (LBTT).
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This week we are featuring residency and domicile as we are fielding so many queries in these areas following the changes to non-domicile taxation and the new CGT regimes.
In Alan Nicholson v HMRC [2018] TC06293, the tribunal disallowed a sole trader's payments made to and on behalf of his son as wages, whilst at university: the expenditure was not wholly and exclusively incurred
In Maersk Oil North Sea UK Limited and Maersk Oil UK Limited v HMRC [2018] TC06295, the First Tier Tax Tribunal (FTT) held that an allocation of profits within a period had simply to be made on a just and reasonable basis: the existence of a better method was not sufficient reason to displace it.
HMRC have agreed new fraud prevention measures with the tax bodies in order to verify a caller's ID when an HMRC employee contacts a tax agent.