In W Coomber v HMRC [2016] UKFTT 0809 the First-Tier Tribunal (FTT) dismissed the taxpayer’s appeal that he had a reasonable excuse because the bank failed to honour his cheque despite sufficient funds.
SME Tax News
In Bryan Scambler & Rebecca Scambler v HMRC [2017] UKUT 001 the Upper Tribunal (UT) denied sideways loss relief for dairy farmers who had made losses for over five years.
The House of Commons Treasury Committee have published a report recommending that HMRC change their approach to Making Tax Digital (MTD).
HMRC have published a response to their consultation earlier this year on ‘Museums and galleries tax relief’.
HMRC have published a response to their further consultation published in August 2016 on ‘Reforms to the taxation of non-domiciles’.
In Abingdon Health Limited v HMRC [2016] TC 05525, EIS relief was denied as shares acquired preferential rights on the issue of a new class of growth shares.
In Gordon Anthony Yablon v HMRC [2016] TC 05539 a late application for enhanced protection was denied as the taxpayer did not have a reasonable excuse for missing the deadline.
In Mark Danvers v HMRC [2016] UKUT 0569 the Upper Tribunal (UT) upheld the earlier decision of the First Tier Tribunal (FTT) that a third party loan to a pension scheme member was an unauthorised payment.
HMRC have published a response to their consultation earlier this year on ‘Tackling offshore tax evasion: Requirement to Correct’.