SME Tax News

HMRC have published their Employer Bulletin for October 2019. We summarise the key content for you, with links to our detailed guidance on the topics covered.

In Aozora GMAC v HMRC [2019] EWCA Civ 1643 the Court of Appeal agreed that the taxpayer did not have a legitimate expectation that it could rely on HMRC’s published guidance; the degree of unfairness and detriment suffered from the change in the guidance was not sufficiently high.

In Hora Tevfik v HMRC [2019] TC07383 the First Tier tribunal denied claims for capital allowances on the communal areas of HMO properties and found a discovery assessment valid despite oddities in the return.

It is being reported that Justice Secretary, Robert Buckland has said that plans to introduce a new probate fee banding structure, originally proposed in 2017 but delayed then revived in 2018, have been dropped altogether as the policy is not 'fair and proportionate'.

The Chancellor, Sajid Javid, has announced that in the event that we leave the EU on 31 October 2019 with a deal, there will be a budget on 6 November 2019.

In Foster v R&C Commrs UKUT0251 (LC) the Upper Tribunal Lands Chamber partly allowed an appeal against a valuation for IHT purposes of land with development potential; HMRC’s approach was correct but the resulting value was too high.