The Scottish Government have confirmed that all Scottish income tax rates will be frozen for 2017/18, and the higher rate threshold will remain at £43,000.
SME Tax News
In Marilyn May Phillipou v HMRC [2017] TC 05586 the First Tier Tribunal (FTT) upheld, but amended Schedule 36 information notices issued by HMRC.
The December 2016 Agent Update gave details of HMRC’s Online Agent Forum: a pilot digital channel set up to enable discussion of tax issues in real time.
HMRC have published a response to their consultation on ‘Tackling the hidden economy: Extension of data-gathering powers to Money Service Businesses’.
In Macleod and Mitchell Contractors Limited and William Mitchell v HMRC [2017] TC 05633 the First Tier Tribunal (FTT) found that insurance premiums paid by a company where the contracts were in a director’s name were taxable as earnings. This decision was reversed by the Upper Tribunal in 2019.
In Parklane UK Investments Limited v HMRC [2016] UKFTT 0803 the First Tier Tribunal (FTT) found that HMRC were wrong not to suspend a VAT penalty simply because the company joined a VAT group and was no longer registered in its own name.
In Terence Patrick Brady v HMRC [2017] TC5622 a director was allowed a claim for overpaid VAT after a liquidator demanded repayment of a company's rent paid to a director.
The Public Accounts Committee (PAC) has published a report, 'Collecting tax from high net worth individuals'. It calls into doubt HMRC's relationship with high net worth individuals (HNWIs).
HMRC have published a response to their consultation ‘Making Tax Digital: Transforming the tax system through the better use of information’.
Taxpayers who call the tax credits and self assessment helplines can enrol for voice identification in order to speed up the security process with HMRC.