In Hadee Engineering Co Ltd v HMRC [2017] TC06272, the First Tier Tribunal (FTT) ordered a closure notice issued where the taxpayer had provided all the information available in respect of its claim for Research and Development tax credits.
SME Tax News
This is our year-end and new tax year tax checklist and toolkit for individual Private Clients, it can be used in conjunction with our checklists for Directors, Employers and Self-employed individuals.
In Christianuyi Limited & Others v HMRC [2018] UKUT10 the Upper Tribunal agreed that a Managed Service Company (MSC) Provider was ‘involved’ with the taxpayers' personal service companies and was subject to the MSC rules.
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HMRC say that a third of self assessment returns (that is something approaching 3 million returns) are still outstanding this year. Given that there are more self employed people than there have ever been before, and that HMRC also appear to require some taxpayers who do not need to file, to file, I wonder how many are really outstanding.
A new form has been published for use by taxpayers who want an agent to deal with HMRC on their behalf in relation to the High-Income Child Benefit Charge (HICBC).
The new government backed Help to Save scheme, offering up to £1,200 tax free bonuses to low income savers, is to be delayed and will now open to eligible persons from 15 October 2018.
In Margott as representative member of MDL Property Consultants LLP v HMRC [2017] TC06278, the First Tier Tribunal (FTT) held an LLP is not required to file a partnership return, but also gave a number of alternate judgments removing late filing penalties on the basis that the taxpayer had a reasonable excuse.
In Darren Cresswell v HMRC [2017] TC06274, the First-Tier Tribunal (FTT) quashed a 'hopeless' Personal Liability Notice (PLN) which was out of time and not backed up by any evidence.
In David Goldsmith v HMRC [2018] TC06284, the First Tier Tribunal (FTT) held that no late filing penalties could be charged as the tax returns were issued for the wrong reason.
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As we move into the last two weeks of self assessment filing, we have some top tips for late filers, some cases of penalties and many updated guides.