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SME Tax News

No IHT on pension death benefit

Last Updated: 31 August 2023

In HMRC v Personal Representatives of Rachel Staveley (dec’d) & Others [2017] UKUT 004 the Upper Tribunal (UT) found that a failure to exercise pension rights was not a transfer of value.

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Condoc response: Voluntary pay as you go for MTD

Last Updated: 31 August 2023

HMRC have published a response to their consultation ‘Making Tax Digital: Voluntary pay as you go'.

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Condoc response: Tax administration for MTD

Last Updated: 31 August 2023

HMRC have published a response to their consultation ‘Making Tax Digital: Tax administration’. 

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Simplifying tax for unincorporated businesses: consultation response

Last Updated: 31 August 2023

HMRC have published a response to their consultation ‘Simplifying tax for unincorporated businesses’, part of the Making Tax Digital (MTD) package of consultations. 

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Cash basis for property businesses: consultation response

Last Updated: 31 August 2023

HMRC have published a response to their consultation ‘Simplified cash basis for unincorporated property businesses’, part of the Making Tax Digital (MTD) package of consultations. 

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Summary of HMRC's MTD condoc responses

Last Updated: 31 August 2023

The moment that we have been waiting for, HMRC have published their responses to its six Making Tax Digital (MTD) consultations. 

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MTD: House of Lords call for evidence

Last Updated: 31 August 2023

The House of Lords Finance Bill Sub-Committee (FBSC) has made a call for evidence in respect of Finance Bill 2017 provisions for Making Tax Digital (MTD). 

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Making Tax Digital: Let’s Simplify Further

Last Updated: 31 August 2023

In August 2016 HMRC have publish their response to the six consultations on Making Tax Digital (MTD). We note that they underestimate the real impact costs of making the self-employed and landlords file five tax returns per year.

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Lost options don't reduce termination income

Last Updated: 31 August 2023

In Lars Sjumarken v HMRC [2016] UKUT 0568 the Upper Tribunal (UT) held that the value of lost share options could not be used to reduce taxable income on termination of employment.

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VAT avoidance disclosure regime: consultation response

Last Updated: 31 August 2023

HMRC have published a response to their 2016 consultation on ‘Strengthening the Tax Avoidance Disclosure Regimes for Indirect Taxes and Inheritance Tax’.

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Subcategories

Archived SME tax news Article Count:  336

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