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.
SME Tax News
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.
Scottish Income Tax Rates for 2018-19 were announced during the Scottish Budget on 15 December 2017 but have already been increased.
Andrew Griffiths , the Parliamentary Under Secretary of State for Business, Energy and Industrial Strategy (BEIS) has confirmed that the government will establish a public register of beneficial owners of non-UK entities that own or buy UK property, or which participate in UK Government procurement.
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As a change from income tax self assessment, we have various cases and updates on the VAT side for you this week together with analysis of a long awaited Upper Tribunal decision on MSC providers, and we are also looking at year end tax planning.
The Chancellor has written to the Office for Tax Simplification (OTS) requesting they carry out a review into the Inheritance Tax (IHT) regime. This follows HMRCs published report on IHT reliefs.