SME Tax News

HMRC have issued the Agent Update for December 2017. We have summarised the key content for you with links to our detailed guidance on the topics covered.

HMRC has published draft secondary legislation in respect of Making Tax Digital (MTD) for VAT in the form of regulations, a draft explanatory memorandum and draft VAT Notice, for public comment.

On 8 December 2017, HMRC published a new consultation entitled “Tackling the hidden economy: public sector licensing”, which proposes a requirement for licenses to trade conditional on tax compliance.

HMRC have published their Employer Bulletin for December 2017. We summarise the key content for you, with links to our detailed guidance on the topics covered.

HM Treasury has published a position paper to consider how the international tax framework operates in connection with the digital economy and whether it is flexible enough to deal with the differences in how certain digital business models operate and generate value, compared to more traditional business structures.

On 1 December 2017, HMRC published the response to its “Taxation of employee expenses call for evidence", which closed on 10 July 2017.

Following the Autumn Budget 2017, HMRC have issued new consultations and also responded to old ones.

In Muhammed Hafeez Katib v HMRC [2017] TC06149 the First Tier Tribunal (FTT) permitted an out of time appeal due to the taxpayer’s reliance on an incompetent adviser. The case was overturned by the Upper Tribunal in July 2019.

On 1 December 2017, HMRC published a summary of responses to their consultation “Tackling offshore tax evasion: A requirement to notify HMRC of offshore structures", which closed on 27 February 2017.