On 13 July 2017, HMRC published some draft legislation for Finance Bill (No.2) 2017 with minor amendments for the Deemed Domicile rules.
SME Tax News
On 13 July 2017, HMRC published some draft legislation for Finance Bill (No.2) 2017 with minor amendments for IHT on enveloped property.
In Gresh v RBC Trust Company (Guernsey) Ltd and HMRC (judgment 6/2016) Guernsey’s Royal Court would not allow trustees to set aside a decision that caused a beneficiary an unexpected tax charge on his pension lump sum.
In Richard Steven Ward v HMRC [2017] TC05919 HMRC incorrectly disallowed a negligible value claim: it was sent by email and poorly worded.
In Davinder Heaven v HMRC [2017] TC05992 a lack of suitable evidence resulted in penalties for deliberate error for omissions from a tax return for a stressed lawyer.
In Malcolm Tomlinson v HMRC [2017] TC05743 a taxpayer was unsuccessful in claiming employment for National Insurance contributions (NICs) purposes.
In Gareth Clark v HMRC [2017] TC5856 the First Tier Tax Tribunal (FTT) extended the scope of discovery assessments. The case concerned a pensions unauthorised payment charge. The decision was confirmed by the Court of Appeal in February 2020.
‘The Taylor Review of Modern Working Practices’ has just been published. It aims to developing proposals ‘to improve the lives of this country’s citizens’. It is not in fact written by a Victorian social reformer but by Matthew Taylor, Chief Executive of the Royal Society of the Arts and his team.
HMRC have released two updates for personal service companies (PSC).
The trusts and complex estates online registration service is now available for individuals.