HMRC has recently updated its non-statutory clearances pages to provide more details on the transactions for which it will not provide a clearance service. These include:
SME Tax News
There will be a Summer Finance Bill and also a National Insurance Bill now that MPs are back in Westminster. These were announced in the Queen's Speech last week.
In Mr William & Mrs Hazel Ritchie [2017] TC05911, a shed and land in excess of the 0.5ha permitted area were held to be part of the curtilage to a property for Capital Gains Tax (CGT) Private Residence Relief (PRR).
In Mohammed Salem Kadhem v HMRC [2017] TC05929 director successfully appealed a late filing penalty: there was insufficient evidence to show that HMRC had sent him a notice to file a return and he was unaware that he had any obligations under self assessment.
In James H Donald (Darvel) Limited v HMRC [2017] TC05908 the First Tier Tax Tribunal (FTT) considered whether tax self assessed by related companies could be offset against a liability incurred by a different company following an enquiry.
Spring Salmon and Seafood Limited [2017 UKUT 0205 (TCC) the Upper Tribunal (UT) upheld the decision that a terminal loss relief claim was not a stand alone claim.
A case on interpreting penalty notices can be found in Spring Capital Limited v HMRC [2017] UKUT 0215 (TCC) where the Upper Tribunal (UT) had to decide whether a penalty notice extended the time limit for supplying information.
In David Benton, Steve Jackson, Paul Hudson v HMRC [2017] participants in tax schemes tried to bar HMRC from their penalty appeals on the basis that Follower Notices were invalid.
HMRC have updated the terms and conditions for direct debit agreements relating to VAT payments: if your direct debit is inactive for 13 months, it will automatically be cancelled under the Dormancy Period rules.
HMRC have agreed to continue to participate in a trial of VAT ruling requests for complex cross-border transactions until 30 September 2018.