In William McAdam v HMRC [2017] TC05563 the First Tier tribunal denied a tax deduction for wages paid to a plumbers wife of £90 per week; the amounts were excessive for the work done and should be reduced.
SME Tax News
In Merrie v HMRC [2017] TC016103 the tribunal upheld £95,112.79 in penalties for inaccuracies in a self-assessment return: the taxpayer misunderstood when he must declare the gain on the sale of his company.
It is reported that scammers pretending to be from HMRC, and chasing outstanding tax were very active in North Dorset yesterday.
The government have announced that Class 2 NICs, which were due to be abolished from April 2018, will remain for one more year, until April 2019.
HMRC have announced that they are extending the deadline for the new online trust registration service again.
In The Barty Party Company Limited v HMRC TC06116, the First Tier Tribunal (FTT) held that an information notice was not valid as HMRC did not justify the period covered thereby.
In Tony Michael Jimenez v FTT and HMRC [2017] EWHC 2585 the High Court found on judicial review that a Schedule 36 information notice has territorial limits; it could not be issued to a non-resident taxpayer and should be quashed. This decision was overturned by the Court of Appeal.
In Big Bad Wolff Limited v HMRC [2017] TC06143, the First Tier Tribunal (FTT) considered the interaction of IR35 and the special rules for actors prior to 6 April 2014.
HMRC have announced that from 1 November 2017 they will no longer be accepting forms CT600 where the attached accounts or tax computations are not in iXBRL format.