In Dilip Amin v HMRC [2016] TC 05265 the partial disposal of an accountant's business premises did not qualify for CGT Entrepreneurs’ Relief just because he also disposed of some goodwill at the same time.
SME Tax News
If you missed our summer web-updates, here is a summary for you!
HMRC have launched three consultations on ‘Tackling the hidden economy’ proposing tougher sanctions, conditionality and the extension of data-gathering powers.
HMRC say that they have started issuing penalty notices for late or non-filing of employment related securities annual returns.
HMRC have announced that taxpayers with Personal Tax Accounts can now make online claims for tax refunds.
HMRC have launched a consultation 'Tackling offshore tax evasion: A Requirement to Correct.' This would require anyone with undeclared UK tax liabilities relating to offshore matters to correct the situation by September 2018 or face stiff penalties.
HMRC have released Revenue and Customs Brief 13 (2016), 'VAT, the liability treatment of a dwelling formed from more than one building', this sets out a change in its VAT treatment for contruction and conversion of dwellings.
HMRC have issued a consultation 'Company car tax for low emission cars' in order to seek views on the design of new ultra-low emission vehicle (ULEVs) bands for company car tax.
HMRC have launched a consultation: 'Reforms to the taxation of non-domiciles: further consultation'. This provides updates on the changes to the non-dom regime which were originally announced last year together with some draft legislation.
HMRC have published their Employer Bulletin for August 2016. We summarise the key content for you, with links to our detailed guidance on the topics covered.