HMRC published a further consultation on interest and penalties, 'Making Tax Digital: Interest harmonisation and sanctions for late payment'.
SME Tax News
In Whitehill Pelham Ltd v HMRC [2017] TC06188 HMRC were barred from the proceedings for a complete failure to engage with the tax tribunal; as a result the taxpayers penalty appeal was allowed.
In Aozora GMAC Investment Limited v HMRC [2017] EWHC 2881 (Admin) the High Court considered whether the taxpayer had a legitimate expectation that it could rely on HMRC’s published guidance.
The online service for agents to register for an account so that they can deal with trust registrations for their clients, is now fully up and running.
HMRC have published the results of recently conducted research into Entrepreneurs relief (ER) to see whether it acts as a motivating factor in individuals’ business, investment, retirement, and tax planning decisions.
Following representations from the CIOT and ATT, HMRC have amended their guidance with regards to the new online trust registration service requirements in respect of beneficiaries.
HMRC have published new advisory fuel rates for company car drivers which will apply from 1 December 2017.
The new rates will be:
| Engine size | Petrol | Diesel | LPG |
| 1,400cc or less | 11p | 7p | |
| 1,600cc or less | 9p | ||
| 1,401cc - 2,000cc | 14p | 9p | |
| 1,601cc to 2,000.cc | 11p | ||
| Over 2,000cc. | 21p | 13p | 14p |
You can continue to use the old rates up to 31 December 2017, see Advisory fuel rates (company car drivers)
Related guides:
Company cars (subscribers only)
HMRC have issued a consultation document, 'VAT and Vouchers', which is the first step in the transposition of the EU Vouchers Directive 2016/1065, into UK VAT law.
In HMRC v Tottenham Hotspur Limited [2017] UKUT 0453 (TCC), the Upper Tribunal (UT) considered whether termination payments to two football players (Peter Crouch and Wilson Palacios on their transfer to Stoke) should be subject to tax and NIC as earnings “from an employment” rather than under the special rules.
In Robert Wright v HMRC [2017] TC06211 Mr Wright was found to have made a disposal when he was granted a lease in a leasehold property he already owned; creating a new lease resulted in a part disposal of the original lease.