The European Parliament have voted heavily in favour of amending the EC Directive 2006/112/EC, which is the leading law for VAT across Europe, to grant all Member States the right to treat electronically supplied publications in the same way as printed publications.
SME Tax News
In Errol Almond v HMRC [2017] TC05889 concerned discovery assessments covering 13 years and associated penalties for failure to notify. The assessments were reduced to 5 years and the penalties were discounted once the tribunal had reviewed the evidence, although full abatement was not given.
The Uber taxi business' UK VAT affairs are coming under close scrutiny. Jolyon Maugham QC is challenging Uber London Ltd in the High Court on the fact that he considers that the company should have issued him with a VAT receipt for his journey.
The Pensions Regulator has netted more than £6 million in fines following compulsory pensions auto-enrolment for employers.
In Grenade (UK) Limited v Grenade Energy Limited & ANR, the ‘corporate veil’ did not protect a director from being held jointly liable with his company for the tort of passing off.
In Krysystof Kaczmarcycyk v HMRC [2017] TC5754, a company director was fined over £3,500 in late filing penalties as despite having no UK tax liabilties he ignored a s8 notice to file a Self Assessment return The First Tier Tribunal (FTT) did not consider that there was any special circumstances that could have allowed a special reduction.
In Jackson Grundy Limited v HMRC [2016] TC04981 the First-tier Tribunal (FTT) reduced an estate agent’s record breaking penalty for money laundering failures by £164K. The Office of Fair Trading
HMRC have published new advisory fuel rates for company car drivers which will apply from 1 June 2017.
in Mrs R Rendall v HMRC [2013] TC6011 the FTT decided to quash £3,200 of late partnership filing penalties. HMRC had all the correct information and had given incorrect advice on filing: giving a penalty in such circumstances was clearly not the intention of the law.