SME Tax News

HMRC has published a response to its consultation, ‘Scope of VAT Grouping’, looking at whether changes should be made to the rules on forming a VAT group should be changed following European Court decisions.

HMRC has published the outcome of its call for evidence in relation to tackling fraud on goods sold online, ‘Alternative method of VAT collection’. This explored the prospect of real time VAT collection.

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In D Nnaji v HMRC [2017] TC06233  the tribunal cancelled late filing penalties: no notice to file a tax return was delivered to the taxpayer and HMRC was out of time to assess the penalties.

In Johnston v HMRC [2017] TC06238, the First Tier Tribunal (FTT) held that no penalties were due as HMRC had sent the notice to file to the incorrect address.

Following the introduction of the Trust Registration Service (TRS) in 2017, HMRC have issued more guidance about how to deal with existing trusts, access for agents who cannot use the online system and 2016/17 tax returns for new trusts.

Wales will introduce the Land Transaction Tax (LTT), its own version of Stamp Duty Land Tax (SDLT), in April 2018 but the lower threshold for the tax has already been reduced by the Welsh Government.

HMRC has published a summary of responses to ‘Fraud on provision of labour in the construction sector: consultation on VAT and other policy options’. It includes details of a new domestic reverse charge.