HMRC will start to use the data is acquires under Real Time Information (RTI) for PAYE, this May. This will mean that it will be able to revise and issue more accurate PAYE coding notices during the year.
SME Tax News
In Champneys Tring Limited v HMRC [2017] TC 05685 the First-tier Tribunal (FTT) upheld a PAYE determination on an employer who operated an incorrect tax code.
In John Jackson v HMRC [2017] TC05818 the First-tier Tribunal allowed a late application for enhanced protection: the taxpayer had a reasonable excuse for his latenesss.
In June 2017 HMRC will launch a compulsory online Trusts Registration Service for all trusts with UK tax liabilities and complex estates.
Finance (No 2) Bill 2017 received Royal Assent on 27 April 2017, becoming Finance Act 2017 and parliament was dissolved on 3 May 2017.
A round-up of the latest developments in tax for private clients, covering Income Tax, Capital Gains Tax (CGT) and Inheritance Tax (IHT).
HMRC have published a consultation ‘Fraud on provision of labour in the construction sector: consultation on VAT and other policy options’.
HMRC have issued their Agent Update for April / May 2017: we have summarised the key content for you with links to our detailed guidance on the topics covered.
From 2 May HMRC will no longer provide agents with information on their clients’ pay, tax and employment history over the phone.
On Wednesday morning HMRC raided football clubs Newcastle United and West Ham United as part of an investigation into tax fraud. It is probably in connection with transfer fees.